Lately, I've been checking on-chain data and keep seeing people say "Another arbitrage opportunity."

But I’ve become a bit cautious: you think you're picking up money, but you might just be paying fees to sandwich bots...
Now I always glance at slippage and pool depth before placing an order; I only act if it's deeper, and if it's shallow, I’d rather skip to avoid ruining my mindset.
Some mainstream public chains are due for upgrades/maintenance, and in the group, people are guessing whether projects will move away.
Honestly, I don’t take sides on whether they migrate or not; I just wait to see if there's real activity and if developers are still around.
As for arbitrage... I can occasionally profit, but most of the time, it’s more like competing with faster and more aggressive programs for the same routes.
What I fear most isn’t missing opportunities, but unknowingly becoming someone else’s "liquidity provider."