These past two days, I’ve again seen the funding rate blow up in a ridiculous way, and the group chat has been in an uproar: is it going to reverse, or should it keep squeezing the bubble? Honestly, at a time like this, I’m actually not in a hurry to play the “smart counterparty.” When things get extreme, they can get even more extreme—trying to reason with the market while shouldering the costs is pretty torturing.

My own habit is to first cut my position down to the point where it won’t affect my sleep, then see whether there are any obvious “free-money chances” on-chain—like contract approvals jumping around, fake front-end traffic for redirection, or signature pop-ups disguised as claiming an airdrop. Sure, you can take the other side, but only if your risk management is written clearly: exit when losses hit a certain level—don’t count on stubbornly enduring and waiting for a return to normal. Dodging volatility isn’t shameful, especially when you notice you’re starting to refresh constantly and your palms are sweating.

Anyway, I’m more inclined to wait until the funding rate goes back to normal before doing anything. Staying alive matters more than betting that you’ll hit the needle. I’m going to get to work.