These days, I keep seeing a bunch of people talking about sandwiches and arbitrage, making it sound like easy money... But every time I think about my small trades, once they go on-chain, they're mostly just paying fees for others. The "opportunities" you see might just be others being a bit faster or getting in a bit earlier—basically, whether you're willing to be the fuel for liquidity.

Recently, with the funding rate hitting extreme levels, the group has started arguing whether a reversal is coming or if the bubble will keep inflating. I find it pretty divided: some want to catch the emotional bottom, while others are worried about being slowly worn down by the opposing side.

Maybe next time I'll just be honest—place limit orders, wait, chase fewer slippage trades. I'd rather miss out than get squeezed out... When you encounter these on-chain opportunities that seem "profitable," how do you judge whether you're just paying tuition?