When the funding rate hits an extreme, my first reaction isn't “opportunity is here,” but to take my hands off the keyboard first... I’ve also thought about taking the other side to bite off a piece, but honestly, that kind of market is more like tug-of-war with emotions—if you win, you still can’t sleep well. Now I’m more inclined to dodge the volatility: clear out the leverage, move the margin back to multi-sig, confirm the permissions again—slow is slow.

Recently, I’ve heard that some area has been adding taxes, with compliance tightening for a while and then loosening again. Once expectations for deposits and withdrawals change, the market goes haywire too, and the funding rate is even more likely to get pushed to absurd levels. Anyway, my rules for myself haven’t changed: if I can understand it, I do it; if I can’t, I’ll just pass. The thing about taking my hands off the keyboard sometimes makes more money than taking the other side.