Recently, I've been watching the PIEVERSE market, and many people are engaging in funding fee hedging. The current rate is as high as 0.2%, which is indeed quite outrageous—putting significant pressure on the short side.

Based on the current pace, there are still 2 days of operation window. During this cycle, you can at least settle 12 times. Have you roughly estimated what level this arbitrage could reach? A 0.2% fee rate is quite rare in the market. If you can successfully secure these 12 periods, the returns are quite substantial.

That said, funding fees can fluctuate quickly. Has anyone already locked in their position? Or are you planning to continue observing?