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The phrase "a slice of your action" is correct and usable in written English.
It is typically used in informal contexts to refer to a share or portion of the profits or benefits from a particular venture or activity.
Example: "If you want to partner with me on this project, I expect a slice of your action when we start making money."
Alternatives: "a share of your profits" or "a cut of your earnings".
Exact(1)
I hear them murmuring to parents as I stroll past purposefully: yes, I am a man, and YES, I am getting a slice of your action.
Similar(59)
If you currently sell your services or products via subscription (or have the potential to do so), then being paid by Direct Debit is a great option – the number of businesses selling via subscription is increasing, so you could make sure your company gets a slice of the action.
Most likely your pension fund has a slice of the action too.
Embeds only saw a slice of the action".
Everyone is trying to get a slice of the action.
But one group of rich-world middlemen got a slice of the action: lawyers.
Eventually, presumably, restaurant owners will want a slice of the action, too.
October 2004: A slice of the action Arsenal's 49-match unbeaten run ends at United.
The IOC is beset by claimants – administrators for lesser sports – who are desperate for a slice of the action.
And TalkTalk hopes its new office will be able to give it a slice of that action.
The coaches are usually well compensated, the schools in the tournament get a slice of the action.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com