@article{automatedmarketmakingandarbitrageprofits,
  title = {Automated Market Making and Arbitrage Profits in the Presence of Fees},
  author = {Jason Milionis and Ciamac C. Moallemi and Tim Roughgarden},
  year = {2023},
  eprint = {2305.14604},
  archivePrefix = {arXiv},
  url = {https://arxiv.org/abs/2305.14604v1},
}