Recently, I've been looking into a bunch of MEV/ordering issues, basically meaning that someone on the chain can "cut in line." The biggest impact isn't necessarily from large traders, but rather from those who casually click at market price: slippage gets eaten, the transaction price worsens, and the fees might not even be recovered. It's even more obvious when doing cross-pool trades; the price difference between the two sides is like bubbles in a fish tank, popping in an instant, sometimes even taking you along as a liquidity withdrawal machine...



These days, the funding rates are extremely volatile, and there's a debate in the group about whether it's a reversal or just more bubble squeezing. My feeling is: the more extreme it gets, the easier it is to maximize the incentive to "cut in line." Everyone's anxious, making it easier to get squeezed. Anyway, I now prefer to do less, tighten slippage, and try to use limit orders as much as possible. If I can avoid it, I avoid it. Fairness is a nice idea, but first, don't let yourself become a sacrificial lamb.
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