RH 链套利 / LP / 内盘

← 主报告 · 窗口 2026-08-07 → 2026-09-05 · 生成 2026-09-12 15:53 UTC

结论

套利：30 天里同 tx 多笔 swap 且各币净持仓归零的「纯套利」tx 共 1,482,312 笔，报价币净流量合计 $5,334,409（正的部分 $5,390,718，负的部分 $-56,309），成交毛额 $34,959,774,604，单笔中位 $0、P90 $4、P99 $53、最大 $65,212；单笔 >$10 的只占 4.9%（合计 $4,239,515）。这是 gas 之前的毛利，RH 链 gas 便宜但笔数巨大，净利只会更薄。
能从 ERC20 台账认出地址的套利者（WETH/USDG 结算）115 个，其中 78 个净为正，前 10 名拿走正收益的 89%； ≥10 天活跃且 90% 的天为正的「稳定套利者」22 个。原生 ETH 结算的套利（kinds 含 E）地址在台账里不可见，只有 tx 级利润。
LP：【事件仍在补拉：9/3–9/5 的 LP 事件尚未齐全，这几天的 LP 操作暂缺，齐全后自动更新】 链上 LP 事件（V4 ModifyLiquidity / V3 Mint·Burn·Collect）共落在 5,294,099 笔 tx，其中 2,235,204 笔是不含 swap 的纯 LP 操作（其余 3,058,895 笔与 swap 同 tx，属 JIT/原子做市或组合操作，此处不算）；下面只统计纯 LP 操作并按 tx 发起地址归因。无 swap 且资金进/出池子的 tx 2,235,204 笔里，同 tx 既存又取的 19,929 笔是换手/未注册池 swap，已剔。剩下 67,384 个地址，按主要币种分两类：股票做市（RWA 股票代币池，机构级）5,881 个，存入 $4,847,005,758 / 取出 $4,642,271,121； meme/其他 61,503 个，存入 $3,164,190,242 / 取出 $3,112,388,295，其中按币量已平仓、存入 ≥$100、定价可信（无未计价腿且 |ROI| ≤ 5×）的 6,671 个地址（另有 624 个因估值不可信剔除）：平仓现金盈亏中位 $60、ROI 中位 1.9%、盈利比例 63%、合计 $59,818,091。取出含手续费领取；V4 原生 ETH 池只有币腿可见（ETH 腿不在 ERC20 台账），这类数字偏小。

1. 套利：逐日

按结算币种（E=原生ETH W=WETH U=USDG，组合=跨币种）

最赚的 15 笔套利 tx

日	多swap tx	纯套利 tx	净流量	其中正	毛额
2026-08-07	52,252	17,076	$34,494	$34,523	$2,617,042
2026-08-08	104,983	33,529	$32,464	$32,510	$3,491,350
2026-08-09	95,764	27,995	$43,386	$43,412	$3,604,443
2026-08-10	101,336	31,745	$90,580	$90,662	$5,689,044
2026-08-11	102,503	30,705	$36,000	$36,204	$5,824,004
2026-08-12	157,998	46,956	$65,854	$68,919	$9,559,580
2026-08-13	108,991	27,676	$46,596	$46,751	$6,974,848
2026-08-14	155,721	48,374	$136,693	$136,859	$9,656,928
2026-08-15	74,917	19,601	$27,757	$27,994	$3,922,160
2026-08-16	59,552	16,353	$17,132	$17,322	$3,612,988
2026-08-17	75,439	23,473	$97,703	$97,983	$4,784,298
2026-08-18	80,732	27,289	$28,129	$28,279	$3,837,886
2026-08-19	90,324	33,038	$40,579	$41,577	$5,792,783
2026-08-20	106,694	33,752	$48,397	$48,886	$5,963,740
2026-08-21	86,634	29,180	$24,481	$25,058	$5,769,407
2026-08-22	84,153	25,606	$30,963	$31,588	$5,316,751
2026-08-23	91,913	32,154	$41,139	$41,458	$7,244,264
2026-08-24	137,372	47,302	$79,034	$82,424	$13,489,777
2026-08-25	199,067	73,888	$162,574	$174,325	$30,841,839
2026-08-26	260,602	98,641	$124,917	$126,150	$29,312,007
2026-08-27	213,697	50,815	$128,162	$128,611	$10,777,893
2026-08-28	245,620	52,030	$114,418	$114,984	$12,896,221
2026-08-29	345,106	83,218	$248,286	$248,816	$17,824,816
2026-08-30	396,353	82,987	$280,525	$282,318	$27,240,482
2026-08-31	389,242	81,677	$435,225	$436,553	$32,197,884
2026-09-01	436,304	73,570	$419,936	$424,640	$41,551,321
2026-09-02	482,423	76,089	$482,750	$490,045	$34,433,129,445
2026-09-03	451,526	72,553	$406,919	$409,980	$43,397,866
2026-09-04	638,904	118,188	$1,147,480	$1,153,808	$129,721,376
2026-09-05	479,470	66,852	$461,837	$468,080	$43,732,158

kinds	tx 数	净流量
E	184,260	$486,907
EU	317,376	$1,734,351
EUW	8,451	$40,418
EW	176,267	$653,522
U	353,981	$1,418,344
UW	333,113	$781,985
W	108,864	$218,883

日	tx	净	毛额	kinds	swap 数
2026-08-17	`0xb0452cde9b00afbba56c9c2b2725b4b3bbbb6d3124b5bfe4dabce6e3e1b01451`	$65,212	$241,553	EW	2
2026-08-14	`0x36fbbbbac6041b71002f21dbac2db9d2aa493d9adc8bb227af54b5f6f4fe2f1d`	$23,919	$129,389	EW	2
2026-08-31	`0x965efc6c7ab7c4f05bed680b5053f9a1e3bf5103b2800135d250ead1fb8ba903`	$17,296	$153,835	EW	2
2026-08-25	`0xc96597982a576049b69ac7f0281fc94361b5f47a632e389add92bbe2533c35bd`	$11,645	$11,649	U	2
2026-09-04	`0xdc9f2ae4b7da38e9235e729d7a4c097963a20f14e8c1ee2c2afec89e69be90fa`	$10,749	$40,060	EU	2
2026-09-04	`0xc1d3f693f8e42037c4b8f6b19ec7c24839befd29dc991411510cb1a2a66fc301`	$10,435	$16,898	EU	2
2026-08-29	`0x9bf8ceb938b2acadac85ed41accabbef617bd999e11a0836cb08167012da5342`	$9,204	$13,114	UW	2
2026-09-04	`0xea2a6b6b20679caac208c1c3da06df92cb7dfce2cd5686afccf97b861c37534e`	$9,065	$12,503	U	2
2026-09-02	`0x0d25cfadddd172231173adcce991aabbe032627f3e1deba54fec0b454aedf0bd`	$9,059	$9,060	UW	2
2026-08-31	`0xfaa54aa6f696c8ddd650de896a30eb2dd4a60be8767d8ec726810c22635e244f`	$8,695	$11,399	E	2
2026-08-26	`0x586f5a45264ccfe4b88ea7f5f89ceb9326a5bc0669c6f88f0cf52f151a9c9bf9`	$7,790	$10,502	EW	2
2026-09-04	`0xaf620ba2cb58b1d24e5535f9d42ae8e18dfce57faef680c2957400a3757582bf`	$7,451	$8,171	UW	2
2026-09-05	`0x5c77f772653a05adfbe1438126c52f3397ae8c727e97448d4f5a61f538ef6964`	$7,388	$18,813	U	2
2026-09-04	`0x9e53b3f63e47ecbe81fe2b17d1278b49bde63f50bab7135ef47381281f1443bc`	$7,270	$61,302	U	2
2026-08-14	`0x97ed4fc1b5caaaef35d77e13f33e13a6ad9e75172bcb8992d7126539a89ae68f`	$6,281	$7,227	E	2

2. 套利：台账可见的地址（≥5 笔）

地址	名字	合约	nonce	笔数	活跃天	胜率	净	毛额	train 净	test 净
`0x7e0539140f16b3a8ed23ad69d6fea6a38fb8b299`		1	1	29,593	6	100%	$48,314	$30,090,880	$48,314	$0
`0xca9bf993eb00f641f1d4ebf6f334f1ff04074ef6`		1	1	87,762	28	67%	$29,196	$310,843,822	$12,031	$17,165
`0xd93084c2513361e44611a7cc0c9d6b0247cac443`		1	1	17,505	5	100%	$27,971	$17,778,821	$27,971	$0
`0xfe7e25de55e5cbbecccb661f3679f873f72b9b0d`	Vault	1	1	117,110	30	70%	$24,107	$79,309,114	$1,437	$22,670
`0xb2a6ad51b3ea3cdc8d3508cca147a43471382e53`		1	1	166,917	30	66%	$11,287	$122,264,234	$1,857	$9,430
`0x328b09f80379432d92dbd8ba91999e83b70da706`		1	1	53,241	22	68%	$10,934	$209,418,878	$6,073	$4,861
`0x311d3f5530245b839dae6cf91685ae64c605e956`		1	1	2,129	3	100%	$4,424	$2,816,943	$4,424	$0
`0x2f4579ca81717d3d61bf8b6f06571877bbe54a07`		1	1	9,837	27	57%	$3,580	$18,556,081	$423	$3,157
`0x57b8f68ef57af2db70bc9aac891836661ca4cb51`		1	1	1,136	22	77%	$2,956	$4,599,257	$964	$1,992
`0xa8020ecbc321e0c8cea26b3507f207482d0100c2`		0	747	10,142	11	98%	$2,953	$5,569,405	$-1	$2,954
`0x656111ac221ac16a6d6094f759a6a2228114c871`		1	1	11,140	30	77%	$2,887	$12,292,599	$529	$2,358
`0x4ebde0be18e3552382c207cdc2c071328f37dbaf`		1	1	2,360	12	100%	$2,383	$1,815,904	$2,383	$0
`0x66f13c11e2255e140b23d75ca4e91d5c6363cf7f`		1	1	2,478	12	100%	$2,383	$2,052,368	$2,383	$0
`0xee7a6849982026ded35c2aa510319afe5a0801a8`		1	1	1,317	2	100%	$1,840	$1,780,084	$1,840	$0
`0xbbc2a38ab48fa953ec68ee6115bd518d3a226f6e`		1	1	730	3	100%	$1,379	$892,562	$1,379	$0
`0x8803c117ccae7b5146297876c2a25df135141c4d`		1	1	2,005	30	83%	$1,035	$560,025	$126	$909
`0x94df2871cd9bbc863f28187ab8aeedee83a77b7c`		1	1	5,958	6	75%	$894	$19,276,137	$894	$0
`0xcc8e5adab080104b8ca801ee1fb2b1c3a876fd7d`		1	1	641	22	65%	$866	$56,403	$1	$865
`0xd8736fd309b87aa5f41ac3fca457e61114d23815`		1	1	840	8	100%	$749	$695,112	$749	$0
`0x9e5bcdaf402ae0011efeb83144ee21478771aee3`		1	1	391	3	100%	$682	$613,840	$682	$0
`0x6356d82a3d7b9223764339b5f50e7ed01641fb30`		1	1	5,625	30	64%	$622	$745,234	$97	$525
`0xb38a90f14b24ae81ec0b8f1373694f5b59811d8a`		0	63	755	19	86%	$447	$223,533	$48	$398
`0x88a8e96e7785d378825e8b5d7fc0e6f62487061e`		1	1	4,025	30	65%	$406	$848,168	$50	$355
`0x49547fd79c0ad9a71fcf78a0085b1917e974a274`		1	1	292	2	100%	$316	$282,854	$316	$0
`0x07f833edb19f5f01b5425a3a94653053b5580413`		0	1299	376	15	90%	$316	$178,508	$316	$0
`0xc4d50263c1e89b65b63c830ff93fadc957064fa4`		0	16	1,569	30	97%	$298	$589,573	$88	$210
`0xc5c960aaaf36119c9de74e693fcc500c88b491ad`		1	1	573	14	77%	$167	$7,436	$131	$36
`0x48e3a8559d59afb534eca9bc688f9a229a5bc17d`		1	1	113	1	99%	$159	$146,890	$159	$0
`0x7ed82e463bdfba505d54a07739ab06ce5d4813c6`	TransparentUpgradeableProxy	1	1	504	24	100%	$154	$130,970	$15	$139
`0xf639cf213b63f7e77d699ff686d591c0ba55fc63`		1	1	671	9	64%	$146	$551,209	$70	$76
`0xb2d756bfa512ab4089c0b8a8d9ee509afc417c36`		1	1	129	1	98%	$142	$121,577	$142	$0
`0x5c919acb310764e27b1dd09541f3f63d4de4c701`		1	1	300	23	90%	$140	$13,498	$94	$46
`0xd9f200ee7475fa6474f5926bb06009003d8caa71`		1	1	1,613	4	68%	$132	$3,519,405	$132	$0
`0xaeb1e17b526927994b90bc8fe99fdacea1b623f2`		1	1	433	12	100%	$129	$261	$111	$18
`0x3a8a087e3b7511dfea3f68283dc65c76310fac00`		1	1	132	2	100%	$101	$66,839	$101	$0
`0x475124bcefb669f7688876cf20a1d61d924ba84c`		1	1	78	1	100%	$84	$67,464	$84	$0
`0xd5b3879b86e879a0db14879b876f866eee268f68`		1	1	66	2	100%	$82	$62,518	$82	$0
`0xa587f16d1bfd7cfd082624a23e9e4420ae4fe5d0`		1	1	1,192	17	82%	$77	$260,160	$78	$-1
`0x8566901896f470ddecc1884aa3b389db618521e2`		0	703	18	9	94%	$68	$6,388	$68	$-0
`0x65ce976b6ab72f9533b4daf53c8de15dfecd408b`		1	1	2,013	28	63%	$50	$314,842	$24	$26

2b. 套利发起地址（对最赚的 4,000 笔纯套利 tx 反查 tx.from，含原生 ETH 结算）

这 4,000 笔合计净 $1,292,442，由 783 个发起 EOA 通过 132 个执行合约完成；前 10 个 EOA 拿走 38%。

发起 EOA	笔数	净	活跃天	含原生ETH腿	执行合约
`0x7660e7e9e674efdf5ce56b14593dcb7482fb95ff`	221	$139,295	22	67%	`0x1521027b`
`0xc27a2b4bd5b374c3cb3c711e17901628824f8258`	147	$67,513	16	48%	`0xc264bc24, 0xa57ab9d8, 0x3580b20c`
`0xd83e60d273fd0cb3b05c2611db940fecb7b6ca64`	179	$61,600	18	46%	`0xa57ab9d8, 0xc264bc24, 0x3580b20c`
`0xb4864f7f85eb2fdbd58b4293a2b9bd684fb13336`	168	$46,913	25	58%	`0x2aa2a055, 0xed1c3dea`
`0xfde88016a65b2371f2c6e4f698a0c79598e46435`	121	$36,856	15	52%	`0xa57ab9d8, 0xc264bc24, 0xe99d9c82`
`0xfe68082a448f17a3d1700957b9f63176cecd334e`	117	$33,391	14	50%	`0xa57ab9d8, 0xc264bc24, 0xe99d9c82`
`0xda8ef690d9c9b6c7db1a5f95943c838309306b03`	135	$31,058	9	71%	`0xc92660f0, 0x67424e70, 0x96cd1c9c`
`0x824abda7e8bfcf47c543761c50bc7bf6756deda9`	99	$29,733	8	47%	`0xa57ab9d8, 0xe99d9c82, 0xc264bc24`
`0xdcaa5c0508493c1bd16103f1047d33552030db33`	3	$24,319	3	100%	`0x16daf3a2`
`0x527556b2891a5e69013fb3a2ebd041e80b963103`	38	$15,499	16	55%	`0xdc7e8f90, 0x6433c197, 0xf77a79c1`
`0xb6fc52bbab8a8e06a7d01fdad1e09e551f8ca20e`	29	$13,976	17	41%	`0x7db60b48, 0xdc7e8f90, 0xaedc5167`
`0x5cd826f19e1eb283b31a66f5ea81b752187e4925`	40	$13,666	12	65%	`0xc3bb63f0, 0xe42f8eb9, 0x7c6f7482`
`0xbb9d0f9f098937946c301f2b8e6a85007d0c653c`	35	$13,309	15	63%	`0xdc7e8f90, 0x8970a7a9, 0xaedc5167`
`0x435cd90a7f63f260470b98173dd3f67b396e0c30`	5	$12,571	3	60%	`0x877b85f7`
`0x6113eecea9998199825a9df4811368f069d85a50`	25	$11,424	11	48%	`0x7db60b48, 0xf77a79c1, 0x228eb03b`
`0xac70eb6b25ef64ab70ad75d2df9ce73eddaa70bc`	34	$10,940	3	100%	`0xb91b647d`
`0x000000008cb30ccede7e2798116e30a8325d84e1`	2	$10,791	2	100%	`0x8611bbe0`
`0x0f689bd7a211a50a96b1cf3113b8aa811f931977`	14	$10,217	11	64%	`0xaedc5167, 0xdc7e8f90, 0x6433c197`
`0x050b364974df2db6a11297a3bffd0cfa72424b51`	28	$9,973	11	46%	`0xeb1431f7, 0xac27f7c2, 0xfc681dbe`
`0xa0002d9a726da6cf41592b1821feed1e8422b3e5`	32	$9,895	12	62%	`0xdc7e8f90, 0x6433c197, 0x7db60b48`
`0x612d68bb623be91f8a1a52ed96395a750d0e4baa`	32	$9,684	10	69%	`0xbfd8152f, 0xc3bb63f0, 0x7c6f7482`
`0x5e64f9e74c2841629fb397c5493b2a92fbcb6974`	28	$9,649	11	43%	`0xeb1431f7, 0xfc681dbe, 0xac27f7c2`
`0x1d1eeff99c86de89438c2dcd788ecfce9861509a`	12	$8,862	4	58%	`0xdc7e8f90`
`0xe858582b200ed580c840b8c24f37560a68406584`	35	$8,824	14	69%	`0xdc7e8f90, 0xaedc5167, 0xf77a79c1`
`0x968a950ec7a3fa0487ac1f9b541b98a4ce22c3e5`	18	$8,469	8	39%	`0xac27f7c2, 0xf5011c09, 0xeb1431f7`
`0x33f938b83d7b044e967d584d830be35723341a8b`	27	$8,118	10	59%	`0xac27f7c2, 0xf5011c09, 0xfc681dbe`
`0x655da270a338f825085c328c8a4150a5243e643d`	14	$7,968	8	57%	`0xeb1431f7, 0xac27f7c2, 0xf5011c09`
`0x338d0cd039d0f2511ae9858a2cbbe4d73052e0f6`	23	$7,804	12	65%	`0xaedc5167, 0x6433c197, 0x8970a7a9`
`0xf9ccb80da38e1d8b1517c37a489dbab69646cef4`	33	$7,618	15	67%	`0xdc7e8f90, 0x228eb03b, 0x7db60b48`
`0x069765333b5c35033645f32057b2124ecffeb464`	33	$7,292	12	70%	`0xdc7e8f90, 0x7db60b48, 0xaedc5167`

按执行合约

合约	名字	笔数	净	发起 EOA 数
`0x1521027b665fa38fa4a642991607ad708376dd7b`	ERC1967Proxy	259	$147,354	15
`0xdc7e8f9002d477bab36b3f0fd83748bd907379e2`		415	$135,592	32
`0xa57ab9d862793c62454d1f4c0b9920593d5b6e8e`		120	$75,358	5
`0x16daf3a28ebd60dc2b4595b39ad44c0ab527f8b6`		178	$74,441	101
`0xc264bc2456b3ccf98f1ead763835b31a35324d30`		215	$72,626	5
`0xac24ce15ac5f4ca34be88a4bf1b5e17303dab423`		224	$57,738	141
`0x877b85f7cd10ec2b42aba6d6f055f17417f9130e`		109	$44,296	18
`0xac27f7c262dd205cb136f11528d9787a2b9b1563`		154	$40,711	16
`0xeb1431f795621318d573fe8bf6874df34415fb5c`		132	$39,016	16
`0x5a4d071208d3118387be208eb013bdfcc2521558`		110	$38,759	30
`0x2aa2a0558348f58419db442d9a5f89402383abbb`		103	$31,309	1
`0x3580b20cbbc1a43fe2b393467c48b1d99ad33ec8`		111	$31,245	5
`0xc92660f0e9a750a7b1a570f70886211fb8d53bf7`		128	$29,620	1
`0xaedc516736ec077a320b99099faf470c1c138176`		73	$26,815	15
`0x324f1fddc6df85859e52f43f365d6b06670b74a1`		86	$25,769	35

3. LP：人们在哪些池做市

按类别

4. LP（meme/其他）：已平仓地址盈亏前 25（存入 ≥$500）

币	存入	取出	地址数
USDG	$805,906,103	$820,751,326	18604
WETH	$416,953,998	$392,557,701	24973
HOOD	$447,377,212	$319,506,182	182
SPY	$335,231,965	$372,606,013	2134
HIMS	$307,343,048	$374,098,951	471
RDDT	$260,506,178	$326,935,645	771
NVDA	$289,860,906	$222,946,019	2149
TSM	$233,197,538	$212,061,171	367
LLY	$241,124,265	$149,123,811	357
GLD	$239,829,963	$135,717,351	1398
MU	$198,846,712	$168,547,787	558
TTWO	$140,319,616	$167,655,898	460
CASHCAT	$217,154,338	$84,986,176	3300
AMC	$109,582,696	$174,364,515	563
NVDAx3L	$110,785,330	$152,400,140	359
0x1755c291	$143,465,363	$105,317,970	6
0x92fd6652	$141,617,994	$97,797,677	223
RBLX	$92,512,035	$123,061,982	462
SPCX	$95,565,217	$99,984,769	1571
MSTR	$101,993,544	$92,718,879	562

类别	地址数	存入	取出	已平仓·可信(≥$100)	估值不可信(剔)	平仓盈亏合计	平仓 P25 / 中位 / P75	平仓 ROI 中位	盈利比例	存入≥$1k 地址
股票做市	5,881	$4,847,005,758	$4,642,271,121	511	146	$73,036,422	$-4,551 / $34 / $6,015	1.1%	58%	3,063
meme/其他	61,503	$3,164,190,242	$3,112,388,295	6,671	624	$59,818,091	$-26 / $60 / $1,370	1.9%	63%	24,003

地址	合约	nonce	腿数	存入	取出	盈亏	ROI	币数	币	场所	跨度天	test 期净流
`0x69420ee142a8b363d112795e843165acb7a4b3ee`	0	103	34	$62,694,187	$80,826,217	$18,132,030	29%	8	STONKBROKER, AMZN, 0xff7a4d9e, WETH, 0x8b7a9021	v3	0.1	$0
`0xdd00e61ddf7006f8012bec41bf12761f86990395`	1	1608	754	$6,452,011	$11,363,842	$4,911,831	76%	25	STONKBROKER, AI, COPPERINU, 0x385f4f8a, SHROOM	v3/v4	23.6	$4,239,718
`0x51e85ecb25ad288fc7197d72b72e50a65e3e0bb4`	0	5588	1815	$1,860,941	$4,829,767	$2,968,826	160%	117	COCO, GTAVI, WYFI, 0xf65238fb, HOOD10	v3/v4	28.6	$2,020,297
`0x89b585df208c727829232d892a50806c3a20a4e6`	1	4932	1095	$6,388,800	$9,201,837	$2,813,037	44%	37	0x7ad7b225, 0x2f219c70, PONS, NINJA, 0x385f4f8a	v3/v4	28.3	$855,594
`0xb585a63a2bfe2dde6ebe1eaafb0768551e37ebb5`	0	2093	277	$806,900	$2,753,529	$1,946,629	241%	10	USDG, TENDIES, BONER, CASHCAT, PONS	v3/v4	28.2	$892,630
`0x08a791db7805a6655de229c475d42864c56f9d2b`	0	9454	3725	$2,667,107	$4,475,277	$1,808,170	68%	107	STACK, COCO, LOCKIN, 0xf65238fb, 0x08e91b65	v3/v4	28.3	$857,067
`0x3a664c54dfe28fd8baf2380c86daef2f777a5c29`	0	8961	1998	$3,128,680	$4,856,267	$1,727,587	55%	98	COCO, WYFI, 0xf65238fb, BUDDY, 0x8156edd9	v3/v4	28.8	$932,431
`0xfa2c557b95fcf032862891cb2ff7e6c1a9e91078`	0	108	8	$8,481,359	$10,151,697	$1,670,338	20%	2	USDG, 0xea6bd240	v4	0.4	$0
`0x952da8c9dd6ad612d26d90415ef05effb10e0b44`	0	1843	689	$1,620,496	$3,154,714	$1,534,218	95%	4	STONKBROKER, INTC, USDG, WALL	v3	26.5	$1,070,299
`0x652c7044fc27da2cec992c9df4cdc69af35d6df0`	0	3947	1042	$319,397	$1,806,633	$1,487,237	466%	101	COCO, WYFI, 0xf65238fb, HOOD10, BUDDY	v3/v4	28.4	$1,031,534
`0x554f4d443147a4f2c9f00a6e03b36ae92a4f9dda`	0	2313	466	$333,012	$1,727,830	$1,394,818	419%	16	DELTA, USDG, TENDIES, COCO, CASHCAT	v3/v4	28.5	$989,517
`0x1b6abfb985133f6fae1478726fec84910edb83df`	0	4438	1354	$893,306	$2,209,064	$1,315,758	147%	66	DELTA, AGI, QC, PONGO, PONSGUY	v3/v4	28.2	$1,274,383
`0xa857e8321f8b94c616a14592fd69cad7fdc9786d`	0	570	55	$1,543,221	$2,837,752	$1,294,531	84%	14	VAULT, DELTA, INJOH, BONER, PONS	v4	2.0	$1,294,531
`0x500485ee637d5b4f39539a4e0e071e72fd314d87`	0	10194	2991	$4,408,410	$5,638,207	$1,229,797	28%	82	STACK, COCO, CLIPPY, HOOD10, Index	v3/v4	28.7	$830,961
`0x8418bce838956d59ef5d497e2c538f88e440f088`	0	689	609	$3,354,212	$4,574,016	$1,219,804	36%	5	USDG, WETH, AI, Index, NTF	v3/v4	27.3	$1,083,282
`0xbfc65098231ae003961033d47f61a6448e32f814`	0	7484	3619	$6,771,456	$7,970,805	$1,199,349	18%	105	HOOD, STACK, 0x2f219c70, 0xfa89ed9d, PEPTIDES	v3/v4	28.5	$747,982
`0x424b7ac3d677df432354e36c1c35ca07d6e3ccc9`	1	864	381	$355,433	$1,255,097	$899,664	253%	17	DJT, fable, USDG, sushicat, QUBT	v3/v4	26.3	$897,513
`0x76450fe69fbf5efe18e014fd19d15202d1b238d0`	0	14731	5068	$8,735,438	$9,634,626	$899,188	10%	130	HOOD, STACK, 0xf65238fb, CLIPPY, HOOD10	v3/v4	28.8	$473,718
`0x97ad94ba90551c8ca5640dffe12a200eb20f4750`	0	76	36	$245,060	$1,129,121	$884,061	361%	5	USDG, NVDAx3L, PONS, WETH, AI	v3/v4	0.3	$884,061
`0xbc513fe76e345d1e46835d59765846f68d481ab4`	0	30	14	$252,628	$1,063,262	$810,633	321%	3	VIRTUAL, USDG, WETH	v3/v4	13.2	$0
`0x1832838abaade429e57557a2feca8ac0cf70492f`	0	7542	2031	$945,060	$1,747,931	$802,871	85%	111	STACK, COCO, WYFI, 0xf65238fb, HOOD10	v3/v4	28.2	$438,013
`0xadc4537732a7645cb1ceabf8d40e6e6c7589662a`	0	11361	5207	$43,067,837	$43,843,632	$775,795	2%	35	FUND, PONS, MARTIANS, AI, PACK	v3/v4	23.0	$145,759
`0x4f8c9bd9937c8483205b684b4e2511b488343e4a`	0	40	18	$1,072,531	$1,839,335	$766,804	71%	2	USDG, WETH	v3	12.5	$0
`0x96d900b673e82896f69100400756dfed512390fa`	0	206	37	$322,242	$1,078,656	$756,414	235%	10	HOOD, fable, USDG, NVDAx3L, 0x1af6446f	v4	3.0	$756,414
`0x41a21ac1cb40888ce81b72c3970c1778dd04eccd`	0	66	25	$773,541	$1,522,257	$748,716	97%	4	0x6744cea3, WWW, WETH, 0xbfc9140e	v3/v4	0.5	$0

5. 股票做市：取出最多的 15 个地址（机构/做市商，含未平仓）

地址	合约	腿数	存入	取出	取−存	已平仓	币	场所	跨度天	未计价腿
`0x0051e1e6d04d91593063514355c7229a32976904`	0	41253	$145,314,232	$131,000,346	$-14,313,887		AMD, GOOGL, COST, RDDT, MSFT	v3/v4	26.6	192
`0x7aa5c8470653653dd178916e8b0223a2d4e49d8f`	0	5371	$113,450,151	$126,050,481	$12,600,330		AMD, GOOGL, PONS, STONKBROKER, WYFI	v3/v4	28.7	0
`0xacd6b4da1c342f2edff810e288221c257c662a34`	0	1975	$124,480,495	$120,898,901	$-3,581,593		HOOD, AMD, GOOGL, WYFI, MRNA	v3/v4	28.0	0
`0xa338bac7b42993d168bbaea49049a39809760027`	0	982	$69,281,133	$112,510,466	$43,229,333	✓	SPY, WETH	v3	3.6	0
`0xca68818d6234150a32bfd0071064458387d9a888`	0	2170	$124,212,025	$97,734,560	$-26,477,464	✓	HOOD, WYFI, BA, CRCL, RDDT	v3/v4	4.3	0
`0x65850848f0b00d4449e0ca8f25a4a92366666666`	0	2906	$90,014,002	$96,617,619	$6,603,617		0x7f0abef0, AMD, PONSGUY, PONS, WYFI	v3/v4	21.4	0
`0x6ce91ddabdca7d8ea5c2078328fda0a1b14ad9b7`	0	2687	$149,585,819	$93,237,636	$-56,348,183		HOOD, AMD, GOOGL, PONS, WYFI	v3/v4	17.8	0
`0x2815c10740f4d738b20fdc13167c865380156623`	1	1469	$89,544,306	$78,467,646	$-11,076,660		AMD, MRNA, COST, RBLX, RDDT	v3/v4	28.4	10
`0xc0051f40abf4b7f9aa1e81d38558d38d4d1ad130`	0	624	$71,254,357	$74,343,601	$3,089,245		129303, PONS, FAMI, RBLX, CRCL	v3/v4	7.8	0
`0x88a0641c1fbff74b99d460c440369f44dd432af9`	0	264	$33,490,819	$67,329,113	$33,838,294	✓	DJT, USDG, WETH, NVDA, SPY	v3/v4	8.9	1
`0xd125e04f9e6f7c7b8a6d6a8c52166a2b3433d22f`	0	2781	$65,704,987	$66,873,391	$1,168,404	✓	VAULT, USDG, TENDIES, DIH, CASHCAT	v3/v4	28.7	2
`0x94f8f29ef801c3b7742f881eed6f6d4b664ab4c8`	0	1491	$15,553,871	$60,713,007	$45,159,135	✓	ELON, PONSGUY, WYFI, MRNA, COPPERINU	v3/v4	27.2	0
`0x40a881d1c0726a6318fccb765b3b6d5876f1c112`	0	830	$80,971,933	$50,966,716	$-30,005,217		0x7f0abef0, GOOGL, MRNA, COST, RBLX	v3/v4	7.6	0
`0x8d9b122ad2bec9946d129ffe09b8822188888888`	0	455	$34,463,468	$50,594,004	$16,130,536		HOT, CORGI, COPPERINU, 0x408c1403, COST	v3/v4	8.0	0
`0x4acf00dbec856bb888fe96e69a04c8ac254a2b44`	0	85823	$52,935,984	$49,197,731	$-3,738,253	✓	SPY, MU	v4	24.7	0

6. 内盘 / App 流入（信息性）

无 swap、不碰池子、用户与某枢纽之间的单币对倒。ETH 计价的曲线看不到报价腿，RelayRouter 是 App 买入的到账口，0xdead 是销毁。

枢纽	名字	方向	笔数	地址数
`0xdff7c89bb3019eb383d201422039cc107791921d`		buy	222,709	1,728
`0xb92fe925dc43a0ecde6c8b1a2709c170ec4fff4f`	RelayRouterV3	buy	189,130	100,291
`0x000000000000000000000000000000000000dead`		sell	85,241	15,707
`0x0000000000000000000000000000000000000000`		sell	48,237	8,733
`0x256c0e2c8bf49b74c175848f6392437c428d39cb`		sell	46,910	2,319
`0x4d7094acf17b86db05142b3e17032d8ae330b600`		buy	41,724	2,196
`0xd3afeb2a57f70ef218aa82451c51b2fb0416ac9e`		buy	40,517	15,579
`0x2dbaf98620ac5bbe3441f756feff82702d095b1a`		sell	34,868	846
`0x4c020a30b1ebc8f964bf6902f35acfe814e47a87`		sell	33,542	31,702
`0xbf3bb81de6285b8310a028d1c2cd38f9419d54c1`		sell	25,634	24,317
`0x39b38686a19836ac10162c490e4558e120cbbe5f`	RobinHoodSettler	buy	25,491	261
`0xf364fcd075237c2a9d75605f030bcb5673270ab0`		sell	24,354	2,012
`0x626600e9f104eea6eb45bbd3150ad72f1361a8d7`		sell	23,711	27
`0xf9b52a0865dc0a41f32a220e419499048a9b3481`		buy	23,370	1
`0x2dbaf98620ac5bbe3441f756feff82702d095b1a`		buy	20,954	1,076
`0xe9c4b549be781afafdcf65a340c2b33f281b4759`		buy	20,368	240
`0x5af2f44ef5714233890efca9c350514749e2b72b`		buy	19,155	249
`0x44b3d5b8d31251d49ca4c88b6a82594947693a5c`		sell	17,343	2
`0x0e49718b25e1cdf49bc62068198465b1681827e5`		sell	17,129	15,001
`0x5d81d3051ddd4e929c76bc572d4f1586c7b752ad`		sell	15,507	76
`0x1a9b2965c9c741fbddeeb944b307b2904be5ccf0`		buy	13,683	351
`0xbbc5d7f008582ab30e64633743bb2757baad550e`		sell	11,548	10,514
`0x4271eea912c1b121e43e5699834f230bff319c1c`		sell	11,289	2,292
`0xe40d98d88038e0b844f844dce6ae3c79ec01ec53`	UniswapV2Pair	sell	11,089	894
`0xa219966bd6217c06d13e5788386fed7e0ac77575`		buy	9,971	120
`0x39b38686a19836ac10162c490e4558e120cbbe5f`	RobinHoodSettler	sell	9,705	4,459
`0x097ba31b7acffd75b909fc7bef2e55424d2dacdc`		sell	8,582	31
`0xdb363862e5e73a7ce226730de475c507547cd4c2`		sell	8,571	204
`0xc0e958b993c0a81b0618c8a259bbc6431683da2e`		sell	8,472	803
`0x943084cd1199ed74f8431589b0198316fdb396f0`		buy	8,201	100

RH 链 swap 之外的赚法：套利 / 做市 LP / 内盘

结论