Looking For Swap Arbitrage

    Q42. Let’s see if we can find any wallets profiting from arbitrage on the Algorand DEXes. We specifically want to see if anyone is conducting arbitrage with USDT or USDC, Asset ID 31566704 or 312769. The period we will want to look at is From January 1st 2022 to current.

    The following chart and table shows the top 10 wallets in terms of maximum profit volume by Arbitrage: Based on:

    • TXY2RRX6I5INCDASONMXOK6CP7TH75F25TEMMFWJTMU4S2H2MO3MS537K4 has gained the most profit.
    • tip :
      • Orange bar number of swaps
      • Arbitrage blue bar earned
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    The following chart shows the top 10 wallets in terms of maximum profit volume by Arbitrage:

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    The chart below shows the assets that have been swapped for Arbitrage along with the top 10 wallets:

    The following chart shows the assets that have been swapped for Arbitrage:

    • The number of these assets is 19
    • The largest volume is for goBTC, followed by Algo

    Methodology :

    Initially, transactions from USDT or USDC were swaped to any asset other than USDT or USDC, and then their next swap was immediately after the previous swap so that they were non-USDT or USDC assets and the amount of non-USDT or USDC assets was equal to An asset that is intended as a destination in the initial swap.
    Arbitrage was examined as the result of the difference between the value of USDT or USDC in the first swap as the source and the assets of USDT or USDC in the second swap as the destination.
    Also, the date of the first swap must be even smaller than the second swap.
    Due to the fee that could be expected for each swap, a limited tolerance was created.
    In order to obtain the exact desired swap, the volume of the destination asset in the first
    swap must be equal to the source asset in the second swap.
    The following information should be obtained under these conditions.
    Conclusion:

    This seems to be a good way to get Arbitrage, and of course the profit from this method is less than direct Arbitrage because two swaps must be done. But here we find wallets that skillfully do this and make a profit.

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    In the following diagram: Assets that led to Arbitrage were reviewed on a daily basis: Based on:

    • The largest asset day was January 1, 2022