Never open futures contracts for US stocks!!!

You can lose several times over in funding fees in a single year!
SK Hynix’s current funding rate is 0.37%—what does that mean?
Assume you use 10x leverage with 1,000 dollars, so your position value is 10,000 dollars. Then every 8 hours you pay:
10,000✖ 0.37%🟰 37 dollars,
three times a day is 111 dollars,
and over 365 days it’s 40,515 dollars!!!
Even if the funding rate drops 10x from the current level, to 0.036%, the annual cost is 4,051 dollars,
while your principal is 1,000 dollars and your position value is 10,000 dollars—meaning you borrowed 10,000 dollars from the platform, and you have to pay 4,051 dollars in interest every year! 40% annualized!