These days, the funding rates are a bit outrageous again, and a bunch of people in the group are shouting "take the other side and make money."

I usually hold myself back first: when the rates are extreme, it’s indeed tempting, but it’s also the easiest to get slapped in the face by volatility, especially when a sudden spike hits, and the margin becomes as fragile as paper.
If I really want in, I’d prefer to take a small position, do it in batches, and set a "admit mistake" line;
Otherwise, I’d rather hide, earn less as a way to pay less tuition.

Honestly, high rates don’t mean guaranteed profit; it’s more like… it’s also… an emotional tax: you take others’ emotional money, but you might also have your principal taken back by the market.
Recently, the NFT royalty debate has been intense, and it’s quite similar—trying to get creators more, but when liquidity tightens, the secondary market runs faster than anyone.
Anyway, I’m now more focused on surviving, waiting for the emotional tide to recede.