The funding rate hit -2% that day, and I stared at that negative sign for five minutes. Open a long to collect the subsidy? Or go short and bet on mean reversion…

Over on Layer2, they’re still arguing about who’s cheaper, but the fees I saved on transactions all went to funding. Pretty ironic.

Actually, yesterday I almost closed all positions and went fishing. I even swiped to the uninstall page on my phone. Then I thought, forget it—not because I can’t bear to, but because I know I’d reinstall it in three days, and that’s even more embarrassing.

That’s it for now. I’ll cut my position down to a level where I can sleep with my eyes closed.