Recently, I saw someone in the group say, “There are arbitrage opportunities on-chain.” My first reaction wasn’t excitement—it was to think: Is this chance just for me to go and pay someone else the transaction fees… Especially if you impulsively sweep in with a market order, the route takes a couple of loops, and once slippage is open, it’s basically the same as holding up a sign and shouting, “Come and squeeze me.” The developers chatting up all that narrative about modularization and the DA layer can go on for days, but what ordinary users should really care about is this: for your swap, which route does it actually take, and will you end up being treated like a liquidity ATM.

Put simply, arbitrage isn’t impossible, but the price gap you see may already have been watched by bots—you’re just feeding them their “hooks.” My small habits are still the same few: check the route first, then check the pool depth; if you can split the order, split it. Better to go a bit slower than go all-in in one shot. Anyway, I’ve been squeezed too many times. Now when I see the words “opportunity,” my brain automatically completes the equation: opportunity = transaction fees. In the end, it all comes back to that word: routing—don’t be lazy.