Does crypto arbitrage on dex even work?

I can not find a lot of tokens that are listed on multiple decentralized exchanges where I can make some lucrative money with.

First of all the ones I do find, have an price difference of around 1% like literall ALWAYS. Second of all, even if I do find tokens that are listed on multiple exchanges, the liquidity pools are a big problem. As on one exchange the pool has $100 million and on the other exchange $5 million.

And with that 1% difference, there isn't an amount to arbitrage with that results in a profit. When the expenses are $200 for transaction fees, interest on the flash loan and the slippage I make for myself.

I want to know if I am missing something, or didn't notice something on Dexscreener as I just can't find any tokens that result in good profits (~$50 per arbitrage opportunity)

As with exchange A having an pool of $100 million and B of $10 million, price difference is 1%, transaction fees are $150 and interest fee 0.09% (used to be in 2021 so today these are 100 times more when using Aave atleast) then with an loan of $41k I can make $38,19.

And if we change the interest fee to what the current interest rates are on Aave, this profit is gone very fast.