Stablecoin Arbitrage on Jupiter
Q40: Because Jupiter is a dex aggregator, there are naturally opportunities where one could take advantage of liquidity pairs across the ecosystem to create arbitrage. 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? Are there any patterns behind the most common sources of arbitrage on Jupiter? List the top 10 wallets in terms of total arbitrage gains and provide insight over their strategy.