You’re staring at that “risk-free arbitrage” on the chain, really thinking you’re the one who gets to eat the meat?

I’m now leaning more conservative: most of the time what you see isn’t an opportunity, it’s the fees others pay for market making/MEV, and it also maximizes your slippage… Sandwich attacks, to put it simply, are “you’re in a hurry, I just make money,” especially when you place a big order, you have no control over who goes first or last in the block.

Recently, there’s been talk about rate cut expectations, the US dollar index, risk assets sometimes rising together and sometimes falling together. When emotions run high, everyone is more eager to trade, making sandwich attacks easier. Anyway, I now set limit orders whenever I can, split orders when I can, and don’t chase those seemingly lucrative instant price differences, to avoid ending up being the liquidity myself.