The futures contango fee and the crypto funding rate are essentially the same logic, but the rules of crypto are more brutal. They settle every 8 hours, with a daily loss rate of 0.03%, and fees are deducted continuously, 24/7, all year round.

Most retail investors are inherently perpetual bulls, accustomed to holding naked long positions, and with the addition of various high leverages, the vast majority of people in the crypto circle end up losing everything. This type of trading is inherently addictive; once you're deep in it, it's hard to quit.

Ultimately, the top-level design of finance is a set of rules where the poor continuously pay tribute to the rich. All the losses and harvesting are entirely legal and compliant, directly written into the trading system.