I just saw someone on the chain say "There's an arbitrage opportunity this time," and my first reaction wasn't excitement, but rather thinking: Am I seeing an opportunity, or is someone just waiting to take a fee from me + trap me. To put it simply, many so-called arbitrages end up working for routing, slippage, and MEV, and they still think they're pretty clever...

Recently, with extreme states of funding rates, the group has been arguing over whether to reverse or continue squeezing the bubble. Anyway, I don't really believe that "such obvious cheapness is left unclaimed"; the more everyone is watching, the easier it becomes a hunting ground.

I just turned off the auto-slippage switch, preferring to miss a few trades rather than become a lesson of "traded but drained." Now, before taking action, I look more carefully at routing, trading volume, and timing—slowing down a bit can really help avoid getting hit.