mev-beta/docs/TOKEN_PAIRS_LIST.md

Token Pairs Being Monitored - Complete List

Summary

The MEV bot discovers pools for 45 unique token pairs across 10 major Arbitrum tokens, resulting in 50-60+ individual pools when accounting for multiple DEXes and fee tiers per pair.

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The 10 Tokens

#	Symbol	Name	Address (Arbitrum)	Type
1	WETH	Wrapped Ether	0x82af49447d8a07e3bd95bd0d56f35241523fbab1	Base Asset
2	USDC	USD Coin	0xaf88d065e77c8cc2239327c5edb3a432268e5831	Stablecoin
3	USDT	Tether	0xfd086bc7cd5c481dcc9c85ebe478a1c0b69fcbb9	Stablecoin
4	ARB	Arbitrum	0x912ce59144191c1204e64559fe8253a0e49e6548	Governance
5	WBTC	Wrapped Bitcoin	0x2f2a2543b76a4166549f7aab2e75bef0aefc5b0f	BTC Proxy
6	DAI	Dai Stablecoin	0xda10009cbd5d07dd0cecc66161fc93d7c9000da1	Stablecoin
7	LINK	Chainlink	0xf97f4df75117a78c1a5a0dbb814af92458539fb4	Oracle
8	UNI	Uniswap	0xfa7f8980b0f1e64a2062791cc3b0871572f1f7f0	Governance
9	GMX	GMX	0xfc5a1a6eb076a2c7ad06ed22c90d7e710e35ad0a	Perps
10	GRT	The Graph	0x9623063377ad1b27544c965ccd7342f7ea7e88c7	Indexing

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All 45 Token Pairs

WETH Pairs (9)

1. WETH/USDC ⭐ - Highest volume pair
2. WETH/USDT ⭐ - High volume
3. WETH/ARB ⭐ - Arbitrum native
4. WETH/WBTC ⭐ - BTC-ETH correlation
5. WETH/DAI
6. WETH/LINK
7. WETH/UNI
8. WETH/GMX ⭐ - Popular on Arbitrum
9. WETH/GRT

USDC Pairs (8)

10. USDC/USDT ⭐ - Stablecoin arbitrage
11. USDC/ARB ⭐ - High volume
12. USDC/WBTC
13. USDC/DAI ⭐ - Stablecoin trio
14. USDC/LINK
15. USDC/UNI
16. USDC/GMX ⭐ - GMX liquidity
17. USDC/GRT

USDT Pairs (7)

18. USDT/ARB ⭐ - High volume
19. USDT/WBTC
20. USDT/DAI ⭐ - Stablecoin arbitrage
21. USDT/LINK
22. USDT/UNI
23. USDT/GMX
24. USDT/GRT

ARB Pairs (6)

25. ARB/WBTC
26. ARB/DAI
27. ARB/LINK
28. ARB/UNI
29. ARB/GMX ⭐ - Both Arbitrum natives
30. ARB/GRT

WBTC Pairs (5)

31. WBTC/DAI
32. WBTC/LINK
33. WBTC/UNI
34. WBTC/GMX
35. WBTC/GRT

DAI Pairs (4)

36. DAI/LINK
37. DAI/UNI
38. DAI/GMX
39. DAI/GRT

LINK Pairs (3)

40. LINK/UNI
41. LINK/GMX
42. LINK/GRT

UNI Pairs (2)

43. UNI/GMX
44. UNI/GRT

GMX Pairs (1)

45. GMX/GRT

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Why 50+ Pools from 45 Pairs?

Each token pair can have multiple pools across different:

1. DEX Protocols (6)

• Uniswap V3 - Concentrated liquidity
• Uniswap V2 - Classic AMM
• SushiSwap - Fork of V2
• Camelot - Arbitrum-native DEX
• Curve - Optimized for stablecoins
• Balancer - Multi-asset pools

2. Fee Tiers (Uniswap V3)

• 0.05% - Stablecoin pairs
• 0.3% - Most pairs (standard)
• 1% - Exotic/volatile pairs

Example: WETH/USDC Pools

Token Pair: WETH/USDC
├─ Uniswap V3 (0.05% fee) → Pool #1
├─ Uniswap V3 (0.3% fee)  → Pool #2
├─ Uniswap V3 (1% fee)    → Pool #3
├─ SushiSwap              → Pool #4
└─ Camelot                → Pool #5

Result: 1 pair = 5 pools

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High-Priority Pairs (⭐)

These pairs typically have the highest liquidity and trading volume:

Rank	Pair	Why High Priority
1	WETH/USDC	Highest volume, tightest spreads
2	WETH/USDT	Second highest volume
3	WETH/ARB	Native token, high activity
4	USDC/USDT	Stablecoin arbitrage opportunities
5	USDC/ARB	High ARB trading volume
6	USDC/DAI	Stablecoin triangular arbitrage
7	USDT/DAI	Additional stablecoin route
8	WETH/WBTC	BTC-ETH correlation trades
9	WETH/GMX	GMX is popular on Arbitrum
10	USDC/GMX	GMX primary liquidity

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Discovery Process

CREATE2 Calculation

For each token pair, the bot:

1. Calculates deterministic pool addresses using CREATE2
2. Checks all 6 DEX factory contracts
3. Validates pools exist on-chain
4. Fetches pool metadata (reserves, liquidity)
5. Caches valid pools to data/pools.json

Pool Validation

// For each token pair
for i := 0; i < len(tokenList); i++ {
    for j := i + 1; j < len(tokenList); j++ {
        // Discover all pools for this pair across all DEXes
        pools := DiscoverPoolsForTokenPair(token0, token1)

        // Could find 1-5 pools per pair
    }
}

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Expected Pool Distribution

Pool Type	Count	Notes
Uniswap V3 (0.3%)	20-25	Most common
Uniswap V3 (0.05%)	8-10	Stablecoin pairs
Uniswap V3 (1%)	3-5	Volatile pairs
SushiSwap	10-12	Popular pairs
Camelot	8-10	Arbitrum native
Curve	2-3	Stablecoin only
Total	50-65	Varies by liquidity

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Arbitrage Opportunities

Two-Hop Arbitrage

Example: Price divergence between DEXes

Buy WETH on Uniswap V3 (0.3%) → Sell WETH on SushiSwap

Triangular Arbitrage

Example: Multi-hop with price inefficiencies

USDC → WETH (Uniswap) → ARB (Camelot) → USDC (SushiSwap)

Stablecoin Arbitrage

Example: Peg deviation trading

USDC → USDT (Curve 0.05%) → DAI (Uniswap) → USDC (SushiSwap)

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Monitoring Strategy

Real-Time

• Listen for swap events on all 50+ pools
• Calculate price divergences across DEXes
• Detect arbitrage opportunities instantly

Periodic

• Re-discover pools every 24 hours
• Update pool metadata (reserves, liquidity)
• Remove inactive/deprecated pools

Dynamic

• Add new tokens as they gain volume
• Monitor for new pool deployments
• Adjust based on profitability data

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Mathematical Proof

Combination Formula:

C(n,k) = n! / (k! × (n-k)!)

For 10 tokens, choosing 2 at a time:
C(10,2) = 10! / (2! × 8!)
        = (10 × 9) / (2 × 1)
        = 45 unique pairs

Pool Multiplier:

45 pairs × 1.2 average pools per pair = ~54 pools
(Some pairs have 1 pool, some have 3-5)

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Future Expansion

Short Term

• Add 5 more tokens (60 pairs → 75+ pools)
• Include Arbitrum Nova pairs
• Monitor USDC.e (bridged USDC) separately

Long Term

• Cross-chain pairs (Arbitrum ↔ Ethereum)
• Exotic pairs with lower volume
• LP token arbitrage
• Options protocol integration

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References

• Code: cmd/mev-bot/main.go:256-323
• Token Addresses: internal/tokens/arbitrum.go
• Pool Discovery: pkg/pools/discovery.go
• CREATE2 Calculation: pkg/pools/create2.go

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Last Updated: October 30, 2025 Pool Count: 45 pairs → 50-60+ pools Status: Active Discovery Implemented