I tried once to chase an "obvious arbitrage" on the chain, and it wasn't until the moment I placed the order that I realized I was basically working for someone else: the price was pushed up first, I executed at the worst point, and when I looked back, the two trades before and after had clearly boxed me in... To put it simply, with sandwiches, what you see as an opportunity, others see as your slippage and transaction fees.

After that, I just played it honestly, especially now that everyone is watching staking unlocks, unlock calendars, shouting about selling pressure, and volatility is high, utilization rates are soaring, and spike in interest rates is more likely. I now prefer to earn a little less, set more conservative slippage, split trades slowly, and leave a thicker margin for liquidation. Anyway, staying alive is more important than "eating meat." That's it for now.