What Is the Difference between Swap Fees and Gas Fees in the Context of Arbitrage?

Swap fees are a percentage of the trade value paid to the liquidity providers (LPs) for using the pool's liquidity. Gas fees are paid to the network validators/miners for processing and confirming the transaction on the blockchain.

Both are costs for the arbitrageur, but swap fees contribute to LP revenue (offsetting IL), while gas fees are a network operating cost.