Spotted an interesting arbitrage opportunity on IP across different DEX platforms. The spread looks pretty attractive at first glance, but you've got to factor in the liquidity and price gaps between venues—that's where it gets tricky. Running a position with around $450 in trading size to test it out. Long exposure on one DEX, short on another to hedge the directional risk. The delta strategy here depends heavily on whether those price discrepancies hold or compress. DEX arbitrage isn't always as clean as it looks on paper, especially when slippage and timing come into play.