Stablecoin Arbitrage on Jupiter

    Questions: Q1. Since February 1st, what percentage of all swaps (with a size of at least $100) where a wallet starts the transaction with USDC or USDT and ends the transaction with either USDC or USDT have resulted in at least a 1% gain? Q2. Are there any patterns behind the most common sources of arbitrage on Jupiter? Q3. List the top 10 wallets in terms of total arbitrage gains and provide insight over their strategy. Note: Only include swaps where the swapped from amount of USDC/USDT and the swapped to amount of USDC/USDT were both greater or equal to 100 in this analysis.