Uniswap, Defi, Uniswap V3.
match the quick simulations reasonably well, giving confidence that it’s implemented correctly. (Or at least, with the same assumptions 😀): uniformly distributed blocks, quick simulation swap fee: 1bp 5bp 10bp 30bp 100bp block time 600 sec, arb prob %: 98.1 90.5 81.5 54.2 23.6 block time 120 sec,