PARKED · gas + risk
Hypothesis
AMM (DEX) prices lag CEX during fast moves; arbitraging the dislocation captures the convergence.
Math
AMM marginal price from constant-product reserves:
$$ P_{\text{AMM}} = \frac{R_{\text{quote}}}{R_{\text{base}}},\qquad \text{edge} = \Big|\frac{P_{\text{CEX}}}{P_{\text{AMM}}}-1\Big| - \text{gas} - \text{fee} $$
Method
Monitor top-liquidity pools vs CEX mid; simulate atomic arb net of gas, swap fee, and bridge/settlement risk.
Real dislocations occur, but they are contested by MEV searchers with priority-gas auctions and atomic execution we cannot match from a CEX-side bot. Parked: viable only with on-chain co-execution infra and inventory on both legs. Not a CEX-API trade.
On-chain arbitrage is an MEV auction. Without a searcher’s position in the block-building pipeline, you are bidding against people who see your trade first.