US equities: the bull run lasts longer and the bear phase is shorter—everyone understands that.

But now the funding rate for US stock perpetuals is already so ridiculously high… I took a look: I wasn’t even in the position for two days, and the long-side fee rate directly left me stunned.
The contract price clearly isn’t much more expensive than spot, yet the funding rate they charge has absolutely nothing to do with those two😤
This isn’t “normal adjustments” at all—it’s basically charging a bull-market tax. Retail traders are chasing the rally with high enthusiasm, so are they just going to cut them hard? Someone has to bring this cost down; otherwise, the expense of going long is so outrageous that who would dare to trade properly anymore?
If any big players or platforms happen to see this, please manage it—so the market can develop in a healthy way. It can’t keep getting this cutthroat forever…