When funding rates are extreme, I tend to take my hands off the keyboard first... I have a strong impulse to do the opposite side of the trade, but honestly, at this moment, the market is forcing you to trade based on emotions. My usual approach is: either take a small position to hedge as "insurance," or simply avoid the volatility and wait until the funding rate returns to normal before acting. Don’t max out your position just to prove your judgment was correct.

Recently, comparing RWA, U.S. Treasury yields, and various on-chain yield products has been quite lively, but after watching for a while, I still stick to one sentence: no matter how stable the returns look, they must be aligned with the cycle and your position. Don’t be scared by daily charts, and don’t be dragged by high funding rates. Longevity is more important than catching a peak.