I just saw someone say that "sandwich/arbitrage is on-chain version of picking up money," and honestly, I can't really laugh about it... You think you're grabbing opportunities, but most of the time you're just paying tolls to the faster guys. Especially when you impulsively place a market order, and the slippage widens, that group of "smell the opportunity and come" bots on the chain are even more eager than you.

Now I mostly take a light position and go slow, using limit orders when possible, and I also pay more attention to routing. I'd rather eat less than use it as fuel. Recently, Meme + celebrity call-outs have made the attention shifts even more obvious. It's lively, but the more "everyone's talking about it," the more it feels like a reminder: don't take the last hit.

"How can you make money if you don't push?" — I only say half a sentence: just stay alive longer first.