When funding rates hit an extreme, the group starts shouting "take the opposite side."

Honestly, it's fine to want to earn that small fee, but you first have to ask yourself if you can handle a needle-like reverse fluctuation.
Many people aren't actually incapable of trading; it's just that once they get excited, they leverage up, and in the end, they earn fees for three days, only to give it all back in a minute and end up losing money.

My own broken rule is pretty simple: when the rate is extreme and the volatility is also extreme, I prefer to hide and wait until the emotions cool down.
If you really want to take the opposite side, that's fine too—keep your position small enough to sleep peacefully, set your stop-loss in advance, and don't pretend to be a tough guy in the moment.

Recently, the airdrop season feels similar; task platforms oppose witch-hunting, and points systems make earning tokens as competitive as clocking in at work.
The more people compete, the more they want to "recover the gap from trading," which is the second stage of rug pull aftereffects—don't rush to fix the market, first fix your own hands.