A team operating the leading arbitrage bot on HyperEVM has generated $5 million in profits over an eight-month period. The bot capitalized on price discrepancies between HyperEVM and Hyperliquid, utilizing HyperEVM's 2-second block time to execute trades efficiently. The team enhanced their bot by transitioning from a taker to a market maker, minimizing stablecoin conversion steps, and integrating perpetual contracts. This strategy allowed them to dominate the market, achieving a trading volume of $12.5 billion on Hyperliquid. The project required over 2,000 hours of development and incurred $1.2 million in gas fees on HyperEVM. Despite competition from smaller rivals, the team's strategic upgrades and market positioning enabled them to maintain a leading edge in the arbitrage space.