When I see funding rates that are already outrageous, I usually don't force myself to take the other side of the trade; I try to avoid it if I can. Better to dodge it than to get educated by the volatility... Anyway, my main job is sleeping. The reason is quite practical: extreme funding rates often reflect extreme market sentiment, and the market can go even crazier for a while. Trying to "correct" it might not lead to a quick return; you might get squeezed out to liquidation first, which is embarrassing.

If I really want to participate, I only take small positions and go slowly, leaving enough margin. At most, I treat it as a "calm reminder." Recently, the speculation about testnet incentives and points, and whether the mainnet will issue tokens, is also part of it. When everyone gets overly optimistic, funding rates and volatility spike. Wake up the next day, and the story has changed... Missing out is fine; for now, that's how I’ll do it.