Funding rates are almost twisted into a knot—at this point, do you still have to go take the other side?

I actually prefer to recover first: extreme funding rates are indeed a gauge of sentiment, but they don’t equal an immediate reversal signal. Put plainly, you only have the qualification to *eat back the mean reversion* if you can actually weather that stretch of “even more extreme” volatility. If I really am going to take the other side, I’ll only do it with a small position and staggered entries, and set my stop-loss—don’t get stubborn. Most of the time, I just wait it out, and when the funding rates normalize, I’ll look for direction, so I don’t pay extra tuition. Recently, I’ve been seeing everyone drive to pump testnet points, guessing whether the mainnet will issue tokens… once those expectations run hot, funding rates are also easily pushed to ridiculous levels. Don’t think of yourself as a market maker—live a little longer first.