When funding rates hit an extreme, I tend to get particularly itchy. To put it simply, I see "everyone crowding to one side" and want to stand on the opposite side for a while, with a bit of seriousness and defiance: why is the entire market sentiment all in one direction? But when I really want to act, I have to calm down first, especially these past two days with stablecoin regulation, reserve audits, and various charts showing "de-pegging" repeatedly circulating. When emotions run high, the volatility can make you doubt life itself.

My current options are basically two: either genuinely take the other side, but cut my position to one-third of my usual size, and clarify routing and slippage before entering, even if it means earning less, so I don’t get snatched by a sandwich order; or simply avoid the volatility and wait for the rate to return to normal. Extreme rates are not a benefit, but a reminder: the market is arguing with leverage, and you shouldn’t be a free punching bag. Anyway, I’m more afraid of the frustration of "losing because I was right but failed in execution."