Is perpetual trading profitable?

I'm curious to know, is perpetual trading really profitable in the long run? I've heard mixed opinions about it, with some traders claiming it's a surefire way to make consistent profits while others warn of the risks involved. Can you provide some insight into the profitability of perpetual trading, taking into account factors such as market volatility, trading fees, and the potential for margin calls? Is it a viable strategy for those looking to generate income in the cryptocurrency market?