Looking at the contract trading on the altcoin side, the funding rate is pushed up to 2%, and the cycle is still stuck in the 1-8 hour range. To put it simply, it's a harvesting ground. I’m also shorting, but I have to admit that the rules are right there—the nature of altcoins makes them easy for whales to manipulate. Going against big funds? Nine times out of ten, you'll suffer losses. Instead of complaining, it’s better to see how whales arbitrage through funding rate differences.

What’s the problem? Without this layer of funding rate design, large traders wouldn’t need to exert much effort—shorting small coins that are pumped can still yield stable profits, making fair competition impossible.

In my opinion, instead of throwing so much capital into contracts and messing around, it’s better to directly buy spot and control market liquidity. Talking about all these tricks is pointless; the real confrontation happens on the other side of trading.