#数字资产市场洞察 Have you ever experienced this—seeing the market correctly, but your account inexplicably shrinking?

Especially when trading contracts. Many people complain that they got the direction right but still got wiped out. Actually, the root cause isn't the market itself, but that many traders simply don't understand the true rules of the futures market.

Recently, a trader complained to me that they held a position for several days, the market direction was completely correct, but they still lost over a thousand USD in funding fees, and in the end, they were forced out. When they closed the position, the market took off.

Does that sound unfair? Actually, it's because they didn't fully grasp the rules.

**The Funding Fee Trap**

Holding a futures position isn't free. Funding fees are settled every 8 hours—this is a mandatory cost. When the rate is positive, longs pay; when negative, shorts pay. Many hold their positions stubbornly, seemingly not close to liquidation, but funding fees act like invisible vampires, gradually draining your account.

How to deal with it? Don't chase high rates; avoid crossing too many funding fee cycles with a single position. When you see the trend clearly, position yourself to "collect funding fees," letting the rules work for you.

**Liquidation is closer than you think**

You might be calculating the theoretical liquidation point. But the platform considers the "liquidation line + fees" as a combined threshold. The result is, just a tiny dip, and the position is gone.

Countermeasure: Don't always go full margin; in isolated margin mode, risk is relatively controllable. Keep leverage between 3 to 5 times, and leave enough buffer in your margin.

**High leverage is actually a meat grinder**

The higher the leverage sounds like faster profits, but in reality, the fees and funding costs are more brutal. Some positions are actually correct in direction but end up not making money—the costs are the real culprit.

To put it simply, futures trading isn't about guessing up or down; it's about understanding the rules correctly. Master these details, and you'll survive. Only traders who survive have the qualification to talk about making money.