Quote from: Tony.waxx on May 24, 2023, 10:49:39 AM

Hello everyone
BKEX.com using various tactics to defraud users' assets in 2023. they manipulated Future contract funding fee, As most of you know you have to pay funding fee every 8 hour But Bkex has increased fundiing fee up to 2000% EVERY 8 Hours, they also banned me from their telegram chat. Here is an example:
Binance Normal funding fee is 0.01% every 8 hours But Bkex increased it to 0.1 % every 8 hour or even more. Difference between 0.01 and 0.1 is 1000%

Example if you open 9000$ a long position on binance with 5x Leverge, you pay 4$ every 8 hour = 12 $ perday. Normal
If you opened the same amount on BKEX they take 40 $ every 8 hour = 120$ per day, somedays even more.
Stay Away from this exchange.

I'm well aware of the funding fee because I'm using it to get a micro profit based on the trend. What I don't understand is why in the hell they will charge 2000% every 8 hours. It's like you already owed the exchange with these charges because beyond your capital. Maybe you are confused about your unrealized PnL resulting from your high-leverage trading losses because sometimes the funding rate can give a huge impact on your position if you are at lose with high leverage.

I'm not familiar with BKEX which normally I agree with your accusation but your percentage figure doesn't make sense at all because your position will automatically liquidated when they charge that kind of fee.