The past couple of days, I saw the funding rate spike to a pretty exaggerated range. My first reaction wasn't "rush in and take the opposite side," but rather to pull out the spreadsheet: Is this rate driven by emotional pressure, or are there really people on the spot market moving bricks to support it? To put it simply, when the rate is extreme, you're not making money from predicting the direction; you're just hoping you can withstand a spike that could pierce your position.

Actually, I now prefer to "avoid volatility": lower leverage to a level where I can sleep peacefully, or just keep a small position to test the waters, and wait until the rate returns to normal before acting. Anyway, the opposite side sounds tempting, but once there's a sudden pull, with fees + slippage + liquidation line all kicking in, the experience is terrible.

By the way, a quick rant about the recent Layer 2 bickering over TPS/fees/subsidies—it's entertaining to watch, but short-term traffic driven by subsidies can also easily bring emotions into the funding rate... I just treat it as noise and focus on survival.