These days, I've seen the funding rates spike to pretty extreme levels again, and a bunch of people are starting to shout "the counterparty is just giving away money." I’d rather first scale back the chart a notch: where are the boundaries, who’s being pushed out, don’t rush to be a hero before you see clearly. Honestly, extreme rates are more about the market pulling on the structure, not an "answer to the direction." I usually have two options: either take a small position to go against the trend with a tight stop-loss; or simply avoid the volatility, waiting for it to return from the extremes to neutral. I just closed the high leverage page a moment ago to avoid getting itchy fingers.

By the way, Layer 2 is constantly comparing TPS, fees, and subsidies, arguing like a market stall… but this kind of "who’s faster" is also pretty similar to extreme rates: the indicators are lively, but the structure isn’t necessarily more stable. Anyway, I’ll follow the chart first, and not get pushed around by the noise.