When funding rates hit an extreme, the group starts shouting "Free money," and I actually get a bit scared. Of course, taking the opposite side is satisfying, but honestly, you're betting on when the market will return to normal and whether you can withstand those irrational fluctuations; I usually first look at the position structure and liquidity, and when I see the order book is thin and on-chain transactions are rapidly moving to exchanges (just glanced at a certain contract address 0x7c…b1 continuously adding margin), I’d rather reduce leverage and hide away. Recently, AI Agents and automated trading systems are quite popular, with narratives being hyped up, but when it comes to actual on-chain interactions, I only care about two things: whether permissions are being misused and whether stop-loss orders can truly trigger… Anyway, when rates are extreme, I prefer to stay alive first, and whether I make money or not can come later.