I would like to warn you guys about this exchange. Unlike any other perpetual swap exchange they manipulate funding rates and change them a few seconds before funding settlement which will make you pay a lot of in funding fees. Funding changes from -2% to 2% in a few seconds, you can see it on the platform.
This is not even an exchange. It's just a broker. You cannot place orders in orderbook and make any liquidity. There are no real trades against other traders here.
Additionally, they manipulate the spreads, I witnessed over 5% (!!!) spread on PERPUSDT there, while it was no more than 0.5% a few hours later.
It might be looking good for you at the first gaze, but be careful!
Hi there, thanks for expressing your concerns. The change in funding rates is most likely due to large positions being opened and closed right before the settlement time of our futures contracts, which would lead to changes in the funding rates.
We're working our way to provide a funding rate history for each of the trading pairs on our platforms. Users will then be able to check the funding rate record for a more transparent trading experience on BTCC.