Suppose you bought a GOOGL contract three months ago to go long.

The logic is very clear: the AI wave, rising ad revenue, and a reasonable valuation.
You’re full of confidence and open 3x leverage.

Three months later—
The price may have gone up, but one thing is certain:
Every month you paid a 1.1% funding rate.
Over three months, the total loss is about 3.3%.

This is the “hidden cost” of the funding rate.

Now, the annualized funding rate for GOOGLUSDT is 13.3%, and the long/short ratio is 5.2—there are 5.2 times as many longs as shorts.
Everyone is paying this “crowded fee.”

Many people don’t lose because they got the direction wrong—
They got the direction right, but their position costs swallow up all the profits.

For contracts, you’re not only looking at price movement—
funding rates and the long/short ratio are also your “silent costs.”

⚠️ Data is collected in real time from the Binance API and does not constitute investment advice.