Sometimes on the blockchain, it really feels like queuing in a cafeteria. I just wanted to reach out with my chopsticks and grab a bite, and two people on either side of me, one in front and one behind, "sandwiched" me... Honestly, you think a sandwich is an arbitrage opportunity, but often you're just paying others fees + slippage tuition.

Now I see those trades that immediately get me excited; my first reaction isn't "Wow, an opportunity," but "Could this be someone passing by and casually harvesting?" Especially when the spot/futures funding rates are extreme, and the group starts arguing whether to reverse or keep squeezing the bubble, I just pull my hand back first, better to miss out than to become liquidity.

For someone like me who picks up the leftovers, taking it slow is fine: small amounts in multiple trades, set an acceptable slippage, if it really doesn't work out, wait for the hype to pass before switching, at least don't get myself squeezed into a sandwich... That's it for now.