When funding rates hit an extreme, I first ask myself: is this wave driven by emotion leveraging, or is there really something fundamental behind it? To put it simply, it's not impossible to take the other side of the trade, but the prerequisite is that you can withstand the period when “it can get even more outrageous,” otherwise you're just paying tuition to the market with stop-losses. I generally prefer to avoid volatility first, wait until the rates start to fall back and the order book isn't so sharp, even if it means earning less—at least I’m not living on luck. The turning point is, sometimes when things are so extreme that everyone is crowding the same side, I can't help but small-position against them, but only as a trial-and-error, not as a belief. Recently, cross-chain bridges have been hacked again, and oracles have experienced abnormal quotes. The community consensus of “waiting for confirmation” seems quite realistic to me: with more uncertain things, rushing in is just opening a door for black swans. That’s all for now.