1/ 📜 New research just dropped on one of the darkest corners of MEV: CEX-DEX arbitrage. @William33203632 @sui414 @soispoke @malleshpai mapped 7.2M trades and 233.8M in extracted value, using a custom Dune dataset. Here’s what they found 🧵 arxiv.org/abs/2507.13023(Dune)