A viral Binance Square post is getting major attention after showing a 3x ZECUSDT long with more than $1 million in unrealized PnL.
According to the screenshot shared by the trader:
ā¢ Entry Price: $1,025.09
ā¢ Latest Price: $1,359.19
ā¢ Unrealized PnL: +$1,002,451.90
ā¢ Leverage: 3x Long
But for beginners, the most important part isn't the $1M number.
It's understanding what āunrealized PnLā means.
The position shown in the screenshot was still open, so the displayed profit could change as $ZEC price moves. It should not be treated as money already withdrawn or guaranteed profit.
The trader also said this position had cost around $1.8K in funding fees so far, compared with around $20K on a previous position.
Funding rates can change over time. Binance ZECUSDT data shows that recent funding rates have moved between positive and negative readings. ļæ½
Pandabull
And $ZEC has been extremely volatile recently. Binance historical data shows ZEC/USD gained about 20.46% on September 16, with the price continuing to trade around the $1.3K+ area on September 17. ļæ½
Investing.com Canada
So the real lesson isn't:
ā3x leverage = easy money.ā
It's this:
Futures trading involves leverage, funding costs, volatility and significant risk.
For someone learning crypto, understanding these basics is more important than simply looking at a huge PnL screenshot.
š If you're a beginner, what would you learn first?
š¢ Spot trading
šµ Futures basics
š” Funding rates
š“ Risk management
Source: Viral Binance Square post by Spin-zk; figures above are reported from the screenshot and have not been independently verified.