Recently, I've been paying close attention to funding rates, and it's getting a bit exhausting... In extreme cases, I actually don't want to force myself to be the "counterparty hero." The rates are ridiculously high, looking like free money, but in reality, it's just volatility lurking at the door: you think you're earning from the rate, but the market might spike once and wipe out your patience from the past few days.

If I hadn't rushed to leverage at that time, just reduced my position a bit, or even avoided that noisy period altogether, it might have been more comfortable. Now, my basic approach is: if I can use spot/hedging to reduce directional risk and just eat some funding fees, I do; if I can't, I admit I'm not built to be a market maker and choose not to participate for now.

By the way, I recently thought about the social mining and fan token schemes—"attention as mining." Honestly, it's quite similar to extreme funding rates: the excitement is real, and the costs are real too, but many people treat the risk as background noise. Anyway, I’ll first tidy up the pools and not let emotions drag me along.