I just came across a recap of a sandwich arbitrage. Watching that guy do all those moves and rack up profits is pretty satisfying, but when you think about it, every cent he makes is basically someone else’s tears—slippage that gets eaten up. To put it simply, this isn’t about technology; it’s about who’s closer to the transaction pool, and who’s faster with their hands. Later, I thought it was kind of ridiculous: with me being the laid-back type who just keeps adding, being jealous doesn’t help. In fact, recently hardware wallets have been out of stock, and phishing links are flying all over the place—people’s security awareness has definitely gone up. At least now everyone knows to lock in funds first before thinking about arbitrage. Anyway, I’ve kind of come to terms with it: with arbitrage, either you act like a machine, or you honestly just be liquidity itself—stop always trying to grab other people’s fees.