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89% of futures traders are liquidated in their first month because they ignore the invisible friction of the market. When I lost $5,400, I focused entirely on price action and leverage, completely blind to the recurring cost of holding a position. Funding rates are the mechanism that keeps the perpetual contract price anchored to the spot market. If the funding rate is positive, longs pay shorts; if it is negative, shorts pay longs. It happens every eight hours. It is not a fee for your broker, but a transfer between traders that can bleed your account dry if you are holding a long-term swing position.

Let’s look at $BTC and $DOGE. Currently, $BTC is hovering with a standard positive rate of 0.01%, while $DOGE...