Recently, people in the group have been arguing again about whether extreme funding rates are about to reverse or whether the bubble will keep getting squeezed. My first reaction isn’t to guess the direction—I think: if I get itchy and open a few more trades this round, I’ll have another breakdown when I file my taxes at year-end… (don’t ask me how I know).

My current makeshift method: every time I do deposits and withdrawals, spot trading, futures trading, or on-chain interactions, I try to keep a “traceable” record. For the exchange, I just export statements and screenshot the key trades; for on-chain activity, I quickly log the tx hash, time, currency, and purpose into a table. Especially for cross-chain—depositing coins into a pool, getting LP, and then redeeming—don’t just look at how the final balance changes. If you do, your sources may not match later, and it’ll genuinely make you doubt everything.

One more small reminder: even if the APY looks great, break down where it comes from. The subsidy portion is often just “short-term incentives.” Frequent in-and-out not only brings higher risk, but also fragments your records—organizing everything afterward is more torturous than losing money. For now, that’s it. Today, I’ll just finish filling in last week’s statements first.