Is there drag on leveraged perpetuals?

I know that leveraged ETFs aren’t good for long term investing because of compound interest & exponential decay. An example I found gives this example to demonstrate drag:

Suppose we have the sleep ETF: ZZZ and the 3 X leveraged sleep ETF: XXXZZZ. They both start at $100 a share.

Day 1: ZZZ +10% ($110) XXXZZZ +30% ($130)

Day 2: ZZZ -20% ($88) XXXZZZ -60% ($52)

Day 3: ZZZ +10% ($96.8) XXXZZZ +30% ($67.6)

I know that perpetual futures have some differences from traditional futures, but is the impact of leverage also different?

Do leveraged perpetuals also face drag? If not, why?

edited for formatting