Lately, I keep hearing people say, “There are arbitrage opportunities on-chain,” and my first reaction isn’t excitement—it’s to check whether I’m actually standing on someone else’s knife edge… In plain terms, with a sandwich attack, the moment your market order goes through, an MEV bot will squeeze you from both sides. The profit may look like “a market reward,” but in many cases it’s really just the slippage and fees you ended up contributing.

Before I place an order, I’ll first take a quick look at the route and the pool depth. I’d rather break the trade into smaller orders and set limit prices more cautiously—just to keep things under control—than end up being used as “fuel.” As for those outside interpretations that force together ETF fund flows, U.S. stock risk appetite, and how crypto prices move, just treat it as something to listen to. When it actually gets executed on-chain, whether you lose or gain more still comes down to how you get filled.

What about you?