The funding rate has been fluctuating to extremes again these days, and a bunch of people in the group are shouting "Isn't this just giving away free points to the other side?"

I'm now leaning more towards avoiding volatility first... To put it simply, no matter how attractive the rate is, it can't compare to being wiped out in one go, especially since I also have borrowed positions, and the liquidation line is close, like a loose waistband—standing at the wind's crest makes it easy to fall.

If I really had to take the other side, I’d only dare to try a small test, treating it as a patch for my position: lower leverage a bit, keep enough margin, don’t treat interest as income, and first make sure I can withstand the worst-case scenario.
Recently, meme and celebrity shoutouts are moving attention too quickly, so newbies really shouldn’t think about catching the last baton.
Even I, an old hand, just watch the fun—surviving is enough.