MEV on Solana Cookbook: Arbitrage π§΅π
$20m profits from arbitrage in 90 days
Here is everything you need to know about MEV on Solana.
Would love thoughts from @bertcmiller, @samczsun,
@sxysun1, @wireless_anon, and @buffalu__
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$20m profits from arbitrage in 90 days
Here is everything you need to know about MEV on Solana.
Would love thoughts from @bertcmiller, @samczsun,
@sxysun1, @wireless_anon, and @buffalu__
1/10
I wrote a custom script to ingest the data and calculate the total arbitrage in the past 3 months.
Here are what I found:
There were $20m of arbitrage profit made in the past 90 days. Here is the time vs. profit chart
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Here are what I found:
There were $20m of arbitrage profit made in the past 90 days. Here is the time vs. profit chart
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However, it's important to note that the number goes down to $7m if not including $13m of arbitrage 30 minutes after the wormhole incident.
I made a separate thread a few weeks ago about arbitrage during wormhole here:
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I made a separate thread a few weeks ago about arbitrage during wormhole here:
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From here, I will only talk about non-wormhole data:
Breakdown by Month:
Jan: $3,190,717
Feb: $1,942,895 + ($13m wormhole)
Mar (so far): $905,522
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Breakdown by Month:
Jan: $3,190,717
Feb: $1,942,895 + ($13m wormhole)
Mar (so far): $905,522
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The top bot made $606,013 π₯ of arbitrage profit. Second π₯ and third π₯place closely trailing at $548,661 and $492,319.12
Another thing to remember is that bots often change the address; actual numbers might be higher.
Breakdown:
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Another thing to remember is that bots often change the address; actual numbers might be higher.
Breakdown:
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The top 10 bots account for 53% or $3.71m/ $7m of all arbitrage profits.
Here is the percentage breakdown
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Here is the percentage breakdown
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The 3 largest profits from a single transaction made:
1) $95,105.40
2)$33,216.53
3)$32,735.53
Below is the detailed breakdown of the top 90 day transactions. More data can be found in my repo and article.
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1) $95,105.40
2)$33,216.53
3)$32,735.53
Below is the detailed breakdown of the top 90 day transactions. More data can be found in my repo and article.
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Breakdown by DEXes:
There were 3,431,783 total profitable transactions within 90 days with most of them being
1) Serum:954,842
2) Orca: 884,340
3) Raydium: 625,083
4) @JupiterExchange : 619489
Here is the chart
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There were 3,431,783 total profitable transactions within 90 days with most of them being
1) Serum:954,842
2) Orca: 884,340
3) Raydium: 625,083
4) @JupiterExchange : 619489
Here is the chart
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Here is the Average profit per Txs breakdown by month:
Jan: $4.48
Feb: $7.07
Mar (so far): $2.52
As you can see it's not a lot, so bots are just looking to hit the long tail homerun.
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Jan: $4.48
Feb: $7.07
Mar (so far): $2.52
As you can see it's not a lot, so bots are just looking to hit the long tail homerun.
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Another note is that this analysis only includes atomic arbitrage and not statistical arbitrage, liquidation, or basis,
so there are more profits than shown here.
Here is the teaser for part2:
More than $30m in liquidation MEV
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so there are more profits than shown here.
Here is the teaser for part2:
More than $30m in liquidation MEV
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Also would love to collaborate with other MEV searchers. DM is open if you are interested in Solana MEV or want more data.
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If you like the thread,
subscribe to my substack where I talk about MEV, L2, L1, Solana, Web3 Gaming, and protocols from a dev perspective.
More data and Repo and also be found here
misaka.substack.com
subscribe to my substack where I talk about MEV, L2, L1, Solana, Web3 Gaming, and protocols from a dev perspective.
More data and Repo and also be found here
misaka.substack.com
Another thread on current state of solana MEV I wrote a while ago
If anyone is wondering how these bots operate here is another good thread: tldr bots just spam TXs hoping that they get the opportunity first
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