Ran into a small issue with Bitmex. My active position on ETH (net 29 BTC on ~8x leverage) was charged over 30% in lending fees over the past few days. I have not ever encountered such aggressive interest pricing in my time of margin trading cryptocurrencies. Nor have I encountered such a high interest fee on Bitmex before as well. Apparently they have a dynamic rate system that changes based on the number of positions open.

Here is a screenshot of the settlement of lending fees:




How has this effected investors? Older deposits (that I have delayed for some time) should be impacted the least, with a tiny negative in return. Newer deposits took the brunt of the lending fees. Now, this has never happened before to me, first time I have encountered this type of interest pricing that literally takes a chunk out of your balance. I am currently working to close the gap between negative and positive returns. If you would like an immediate return of your deposit (less loss), please send me a PM. Other than that, please give me a little bit of time to recoup the lost balance. Notice: If in the ultimate case that I cannot close the gap between now and my closing date (in a couple of weeks), in good faith, I will be covering the discrepancy and will offer a 5% inconvenience fee from my own pocket.

Best,
Adam