Last night I saw the funding rate spike to a level that was frankly a bit ridiculous again, and in the group chat, a bunch of people were yelling, “Go against the order book to eat the funding rate.” At times like this, I usually do the opposite—I pause first. Even if I really want to go against the order book, I need to make sure it’s not just a trend grinding me down. Otherwise, that little “sweet” from the funding rate isn’t enough to cover the losses. To put it simply, I’m more afraid of the volatility itself—the funding rate is only a surface-level emotion.

If I’d followed through impulsively and taken the opposite position back then, I might be writing a recap now… So what I usually do is first reduce my position size and wait for my emotions to cool down. Those on-chain tags/data tools have also been getting criticized lately for lagging and for being misleading, so I don’t dare treat them like a “confirmation button”—at most, I use them as a reminder. Things can be lively, but don’t let it make decisions for me. Anyway, moving slower just means I’m less likely to get slapped in the face.