I just saw the funding rate spike again, and my heart skipped a beat. Honestly, at times like this, I usually choose not to move—not because I don’t want to make money, but because I’m afraid of getting hit back. A lot of people think a high funding rate is an arbitrage opportunity, going in to be the counterparty that “eats” the other side’s interest. But in my experience, in this kind of extreme volatility, you never know whether the next second will be you collecting interest or getting smashed by a volatility wave. I’d rather reduce my position first, then wait until the funding rate drops back to a relatively calm range before slowly adding back. After all, I’d rather make a little less than wake up in the middle of the night scared by a forced liquidation.

Speaking of funding rates, it’s actually a bit like the recent discussions about NFT royalties. Everyone is fighting over those crumbs of bread in front of them, but they forget that on-chain ecosystems can only survive on long-term liquidity. Sometimes I feel that in the Web3 world, the most valuable thing is “sleeping soundly.” Keep your position from being too heavy, and your mindset stays steady—then you can wait for the real market move to come. It’s like gardening: you have to let the soil settle first so you can cultivate properly; otherwise, if all you do is try to harvest in the middle of storms and gales, you end up with nothing.

That’s it for now. Avoiding volatility is more worth it than trying to tough it out.