Just now, I was staring at the market until my eyes felt sore, and the funding rate shot up to an outrageous level. That feeling of "giving away money" is the easiest way to get people tricked in... To be honest, I used to fall for this: thinking I was earning from the funding rate, but actually I was catching others' emotional flying knives.

Now, when I encounter extreme funding rates, I basically have two options: either genuinely take the other side of the trade, but with very small positions and strict stop-losses, preferring to earn less; or simply avoid the volatility and wait until the funding rate returns to normal. Because during extremes, prices are often more aggressive than the funding rate, and that little "subsidy" from the funding rate can't withstand a single reverse move.

It's a bit like the recent NFT royalty dispute: everyone wants it to be "more fair/more cost-effective," but once liquidity is drained, what's left are slippage and emotions. Anyway, I'm now more concerned about not breaking the curve; better to miss a few opportunities than to mistake luck for skill. That's all for now.