When submitting an MEV bundle (e.g. for arbitrage) a Searcher will choose an quantity to pay the block proposer as a substitute of a fuel worth. That is normally a portion if the earnings, akin to 80%+.
Searchers may move it in as an argument to their proxy contract, then switch on to the miner akin to with simple-arbitrage.
As I perceive it, this finally ends up being a First-Value Sealed Bid Public sale. I am making an attempt to understand how Searchers take care of this type of downside. Like what sort of greatest practices would exist to make sure you’re not sending a non-competitive quantity OR overpaying considerably.
You’ll be able to’t simulate this form of factor since it’s dependant on the opposite actors (MEV searchers additionally bidding), proper? Do you simply maintain retrying the bundle submission, reside?
Or do you simply should look the the final block, decide what the “going charge” appears to be, and make an informed guess at what portion of your earnings to pay the block proposer?
