The funding rate is here, and currently, it is 0.9% for one month, which is quite normal and cheap. Based on your position, the monthly funding cost is around $3500, of course, this is calculated at the lowest tier. If the sentiment rises, the funding rate will increase significantly, and it will be more at that time.

For perpetual contract positions, holding them for a long time can incur exaggerated funding fees. Sometimes the profit is not enough to cover the funding fees, making it not worthwhile. Therefore, when opening perpetual positions, you need to go with the trend, avoid holding positions, and do not hold positions during a prolonged sideways market; otherwise, it will not be cost-effective.