The funding rates have started to go off the rails again these days.

Seeing those plus and minus signs makes me a bit itchy inside, but honestly, I'm more afraid of being woken up by a sudden swing.
In the past, I would stubbornly take the opposite side, but when I encountered those "first spike then pull back" market conditions, my stop-loss was as fragile as paper...
Now I mostly choose to hide, shrinking my position to just the tip of my fingers, really wanting to try with a small amount using a one-time wallet.

On-chain is also quite interesting.
I just saw in a certain perpetual contract that funding is settled every 8 hours, with the same big order in the block sandwiched between a few small orders, and the gas fee was deliberately increased.
It's probably the MEV game again, no wonder everyone complains about unfair ordering and validator earnings being too fat.
Anyway, I now see extreme rates as a matter of survival first, and if I do take the other side, I only hold "positions I can sleep through,"
otherwise, people get squeezed dry by both rates and emotions.