I see many people asking about this issue, so I want to share a bit of experience. When you hold a futures position for a long time, how long the futures order can be held is not the main concern, but the real issue lies in the incurred fees.

First is the Funding Fee, which is a periodic funding cost, usually calculated every 8 hours between Long and Short positions. If you hold a futures position across multiple funding cycles, you may have to pay or receive fees depending on your position. For example, specifically, if you are Long and the funding rate is positive, you will have to pay fees to Short traders. Conversely, if you are Short and the funding rate is negative, you have to pay Long traders. This means that how long you hold the futures order will directly affect your costs.

Additionally, there are Trading Fees, but these fees are only charged when you open or close a position, not related to the holding duration. Therefore, if you hold a position without frequent trading in and out, this fee has less impact.

What I want to remind is that holding a futures position for a long time without a clear plan can easily lead to stop-loss liquidation or missing other opportunities. So, how long you hold a futures order is not just about time, but also about having a risk management strategy.

In summary, if your trading volume is large and you hold through multiple funding periods, the funding fees can be quite significant. Especially when the funding rate is high or volatile, you should carefully consider how long it’s reasonable to hold a futures position, possibly close it earlier or manage your position wisely to avoid unnecessary fees.