Been diving for a long time, and seeing everyone talking again about funding rates soaring to ridiculous levels and whether to take the other side of the trade, I still want to say: don’t let the words “free money” lead you astray… When the rates are extreme, the volatility usually doesn’t make sense either. You might think you’re earning the fee, but what you’re really getting is a needle piercing through your position.

I personally lean towards two approaches: either simply reduce my position / withdraw from the pool and hide for a while, then come back when the sentiment cools down; or only use a small amount to hedge, and only trade blue-chip / stablecoin-related assets that I understand, not chasing those that change direction three times an hour. As for on-chain large transfers, exchange hot and cold wallet movements, and that set of “smart money coming,” honestly, I watch it too, but at most as a weather forecast, not as navigation… Just stay alive.