someone help me understand mempool and frontrunning please

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someone help me understand mempool and frontrunning please

So let's say I'm trying to buy this nft on opensea but so is someone else at the exact same time. I set a max prio fee of 5 and they set a max prio of 4. I'm competing with them to be included within the next block right? Is there a possibility that we both get included into the block and if so is there a possibility that he gets confirmed and my transaction fails?

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