Last night before bed, I scrolled and saw everyone arguing again about funding rates in extreme territory—whether it’s a reversal or just continuing to squeeze the bubble… For my part, I thought of another thing: you think you’re fighting the market, but more often you’re actually fighting the “queueing rules.” In this on-chain sorting + MEV setup, put simply, someone can cut the line. They push your trade—which could have been executed or topped up your margin—backward in the queue, and slippage gets worse; that’s still the mild case. In the harsher scenario, they push you right toward the liquidation line.

I’ve been burned before from leverage, so now when I look at the lending pool, besides the health factor and the liquidation threshold, I also leave a bit of buffer: don’t trap yourself in the “just barely not exploding” position. Once the market jolts and someone cuts in line, it really can all happen in an instant. Whether it’s fair or unfair, I won’t get into it—anyway, what I can do is not hand my life over to the sorting system.