This reverse engineering project consists of two sections: Analysis and Technical Implementation.
Analysis
Over the past two months, I’ve been reverse-engineering one of the most profitable bots operating on Solana—a system verifiably generating $700,000 per month through atomic arbitrage across four DEXs.
Understanding Solana Atomic Arbitrage
Solana atomic arbitrage involves executing arbitrage trades between different markets or liquidity pools in a single, atomic transaction. This means the entire set of trades either all succeed together or none of them execute—eliminating the risk of partial execution.
These private bots are generating substantial profits on Solana, and they all share one critical advantage: custom Solana programs. In this case, the bot operates w…
This reverse engineering project consists of two sections: Analysis and Technical Implementation.
Analysis
Over the past two months, I’ve been reverse-engineering one of the most profitable bots operating on Solana—a system verifiably generating $700,000 per month through atomic arbitrage across four DEXs.
Understanding Solana Atomic Arbitrage
Solana atomic arbitrage involves executing arbitrage trades between different markets or liquidity pools in a single, atomic transaction. This means the entire set of trades either all succeed together or none of them execute—eliminating the risk of partial execution.
These private bots are generating substantial profits on Solana, and they all share one critical advantage: custom Solana programs. In this case, the bot operates with its own custom swap router. Think of it as having a proprietary version of Jupiter (https://jup.ag/), but designed specifically for atomic, highly complex arbitrage operations.
The Numbers
Before diving deeper into the mechanics, let’s examine the key metrics—because arbitrage is fundamentally about the numbers.
Bot Address: CroWg74XNDF8UMnAZVbXx49iVj7iJ7b4CsqTCVWF7aK
Last 30 Days Performance:
- Profit: 4,500 SOL (~$700,000)
- Fees Paid: 27 SOL (~$4,000)
You can verify these numbers at https://sandwiched.me/arbitrages
However, the numbers alone don’t tell the complete story. The real insights emerge from the details—specifically, what does this bot trade to generate those profits?
Transaction Analysis
Transaction Volume (Last 30 Days):
- Successful transactions: 1.24 million
- Failed transactions: 152,550
- Success Rate: Only 11% of successful transactions generated the $700K profit
To gain deeper insights, I analyzed raw Solana data from https://flipsidecrypto.xyz, tracking every transaction and route used in each arbitrage operation. Here are the results: