[x] Adapt amm_arb to accomodate only taker order on Uniswap (first market) ~ 2hrs
[x] Parameters adjustment ~ 2 hr
[x] Build Errors ~ 2 hrs
[x] update parameters
[x] Deployment consideration
Parameters
Property
Description
Type
Default
strategy
Strategy name
string
"amm_joy_arb"
amm_connector
DEX connector
string
Uniswap on Base
amm_market
Token trading pair for AMM
string
$JOY/$USDT
cex_connector
CEX connector
string
MEXC
cex_market
Token trading pair for CEX
string
$JOY/USDT
pool_id
Pool ID to interact with on the DEX
string
""
order_amount
Amount of base asset per order
decimal
None
min_profitability
Minimum profitability for trade (%)
decimal
1%
amm_slippage_buffer
Buffer for slippage on AMM orders (%)
decimal
1%
debug_price_shim
Enable debug price shim for tests
boolean
False
gateway_transaction_cancel_interval
After what time should blockchain transactions be cancelled if they are not included in a block
integer
600 secs = 10 mins
rate_oracle_enabled
Use rate oracle
boolean
True
quote_conversion_rate
Fixed rate to convert quote assets
decimal
1
Notes
To speed up implementation we deliberately choose MEXC as reference CEX for price data
Deployment consideration
Order size
A small order size at the beginning is necessary to mitigate operational risks. This is also what JSG is doing.
We will start the deployment with very low trade size. On uniswap v3 is possible to do an arbitrarely small size. The gas fees (on Base) are very low as well (https://basescan.org/chart/gasprice)
When you submit an order on Uniswap your total size in usd is partly eroded by pool fees and gas fees that have total cost
total_cost_usd = gas_fee_usd + pool_fee * order_value_usd and your net profit is net_profit = order_value_usd - total_cost_usd. Applying the constraint of net_profit = min_profitability * order_value_usd, with pool_fee = 3%, gas_fee_usd = 0.004 USD and min_profitability = 1% you get order_value_usd = 0.00417 USD as a minimum baseline
Trade frequency
At most one trade every 30s, this frequency is copied from JSG deployment rules of thumb.
amm_arbto accomodate only taker order on Uniswap (first market) ~ 2hrsParameters
Notes
Deployment consideration
Order size
A small order size at the beginning is necessary to mitigate operational risks. This is also what JSG is doing. We will start the deployment with very low trade size. On uniswap v3 is possible to do an arbitrarely small size. The gas fees (on Base) are very low as well (https://basescan.org/chart/gasprice) When you submit an order on Uniswap your total size in usd is partly eroded by pool fees and gas fees that have total cost
total_cost_usd = gas_fee_usd + pool_fee * order_value_usdand your net profit isnet_profit = order_value_usd - total_cost_usd. Applying the constraint ofnet_profit = min_profitability * order_value_usd, withpool_fee = 3%,gas_fee_usd = 0.004 USDandmin_profitability = 1%you getorder_value_usd = 0.00417 USDas a minimum baselineTrade frequency
At most one trade every 30s, this frequency is copied from JSG deployment rules of thumb.