I started recording my own extreme instances of funding rates: whether I was rushing to take the other side or just hiding to avoid being cooked by volatility. The biggest benefit of recording this isn’t “more accurate predictions,” but rather seeing clearly when I’m doing analysis and when I’m just itching to find some excitement… Honestly, the more outrageous the rate, the more it’s like oil temperature in hotpot being too high—delicious, but if you’re not careful, it’ll explode.

Just recently, there was that main public chain upgrade/maintenance event, and everyone in the group was guessing whether the ecosystem would migrate. I’m actually more cautious: in such times, emotions tend to run high, and funding rates can also skew. Looking at the other side might seem like a bargain, but it could actually be taking on everyone’s anxiety. My approach is a bit cowardly: either try a small position to test the waters, or just turn off the stove and wait until the cooking time is up—anyway, I’d rather miss out than lose a lot by rushing in recklessly.