Talking about funding rates, many traders have complaints.

An old issue: when the funding rate drops to -2 tiers, the platform automatically adjusts to settle once every hour. This in itself isn't a big deal, but the problem lies in what happens afterward—sometimes the rate has already fallen to 0.0-something, yet the system stubbornly maintains the 1-hour settlement cycle, only reverting after the platform issues an announcement to adjust.

This is quite awkward. In theory, when the rate falls below 2%, it should automatically switch back to the original cycle. Or simply set a mechanism: if the rate remains below a certain threshold for several consecutive hours, it should directly revert to a 4-hour settlement.

Why do I make this suggestion? Because the current setup is clearly unfair to some traders. The rate has bottomed out, but the settlement cycle remains fixed, which is essentially a form of "charging fees" in disguise.

It's understandable that exchanges want to make money, but they should also uphold some rules of fairness. The original purpose of the funding rate mechanism is to balance longs and shorts, not to lock traders into certain tiers. I hope all platforms can revisit this mechanism and make it truly serve the trading ecosystem, rather than becoming an invisible fee.