I just brewed a cup of oolong tea and casually checked the depth... Recently, on-chain those "seemingly arbitrage opportunities" I mostly treat as a dessert after a meal: you think you're arbitraging, but you're actually paying others' transaction fees. To put it simply, when slippage widens and transactions slow down, the market makers understand what you want even better than you do.

These days, someone is talking about rate cut expectations, the US dollar index, and risk assets rising and falling together. Hearing that makes me even less impulsive. When macro narratives heat up, emotional orders spike, and on-chain activity becomes even more "appealing." My current way to avoid impulsiveness is pretty simple: when I see an order I want to place, I first cut the amount in half, then wait three minutes. During that time, I check if the liquidity in the pool is hollow or if any sudden wall of orders has appeared... If I still want to go for it, I only place an order that I can accept being squeezed out of. Anyway, chasing the equilibrium, taking it slow isn’t a big deal.