Recently, the funding rate has been extremely volatile, and the group chat has started shouting "Isn't this just giving away money?"

I'm actually a bit scared... I see the simple approach as a trap.
When the rate is ridiculously high, taking the opposite side is indeed satisfying, but honestly, you're betting that the next spike won't blow you up first, especially when liquidity is thin, and volatility is more brutal than the rate.
My approach is rather boring: reduce positions, hedge when possible, hide when not, and prefer to earn less than be educated by the market.
By the way, I want to complain that recently, modularization and DeFi layer storytelling developers are excited like it's New Year, while users are confused.
I see governance budgets and want to casually add "ecosystem incentives" too, which sounds "simple," but I always feel the later accounting will be more complicated...
Anyway, better to be cautious first.