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Just saw the group talking about funding rates getting extreme again—the same feeling as when that ladder wasn’t supported properly is back. Honestly, when I see this kind of situation, my first reaction isn’t to rush in and bet on a reversal; it’s to check that project’s GitHub first. Not how many stars it has—I look to see whether recent commits are changing the core logic, whether the contract has any new audit report posted, and whether the report date is so old it could be treated like a museum artifact.
Also, for those who upgraded the multisig, I usually check whether the addresses are still active and whether a different batch of people suddenly replaced them. Details like this are more reliable on-chain than on the official website. Last time, a project changed the multisig threshold from 5 to 3, and it went wrong within two days.
The way to keep yourself from getting impulsive is to look at gas first. If congestion is unbearable, then it’s probably people racing ahead or doing arbitrage—I can’t be bothered to move. There will be plenty of opportunities anyway; don’t trade your life away. That’s it for now—I’ll write a script to keep an eye on two addresses first.