2025-12-30 11:26:36

A major exchange's perpetual contract fee rate rules have recently been adjusted. Originally, the fee rate was settled every 8 hours, but now, as soon as a settlement touches the -2% threshold, it is changed to settle every 1 hour. This change is quite rapid—I remember studying their fee rate progression rules specifically at the end of October, and I didn't expect it to change so quickly.

From a trader's perspective, this adjustment effectively widens the platform's trading costs and risks, making the advantage for the market maker more apparent. If this continues, the house edge for the platform will grow larger and larger, and the number of users participating in perpetual contracts may decrease increasingly. Market liquidity will shrink, which is not really good for the exchange itself.

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GateUser-74b10196

· 12h ago

Damn, this change is really harsh. Are they intentionally making it harder for retail investors? Fee rates are getting more and more ridiculous. It feels like the exchange is committing slow suicide. They changed the rules again? Are they trying to drive people away? This logic is a bit absurd. Isn't squeezing more liquidity out of users only making things worse? The contract part might really be doomed. Now the transaction fees are just being pushed up forcefully. It seems like in the end, only professional players will be left to play on the platform. -2% and they immediately switch modes? This trap design is a bit ruthless.

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OneBlockAtATime

· 12h ago

Here we go again with the pump and dump, the fee rates are getting harsher and harsher, retail investors will leave sooner or later --- So now it's just the casino for the whales, if liquidity keeps being messed with like this, no one will want to play anymore --- Changing from 8 hours to 1 hour? With this move, is the platform trying to kill itself? --- I just want to ask, what is the exchange thinking? If users are leaving, how can they make money? --- Another platform's suicidal rule adjustment, it seems I need to look elsewhere --- Changing the fee mechanism so frequently, it feels like the platform has no long-term plan --- A -2% trigger directly causes a 1-hour settlement, is this a blatant signal of distrust? --- The entire perpetual contract market is doing this, retail investors have no way out --- Really, the platform is becoming less and less friendly, I am already looking at other options

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PensionDestroyer

· 12h ago

Changed the rules again? This move is really brilliant, retail investors' blood pressure is maxed out --- Fee rate changed from 8 hours to 1 hour, isn't this just a disguised way to cut leeks? --- If the platform keeps doing this, I think sooner or later they'll end up shooting themselves in the foot --- -2% triggers? They really treat us like an ATM, huh --- If flow dries up, the exchange will die too; moving stones to smash their own feet --- Anyway, I’ve completely given up on Yonghe, it’s too damn shady --- Is it still like this in October? The speed is ridiculously fast --- The market maker’s protection is so obvious, is there still a way for retail traders to survive? --- Getting more and more competitive, more and more shady, this market is really hopeless --- Trading costs are skyrocketing, what’s the point of playing contracts anymore

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ContractTearjerker

· 12h ago

Is there a new trick to cut the leeks again? The fee rate has changed from 8 hours to 1 hour, this is the platform adding an "invisible tax" on retail investors. --- Something's not right. This clearly is forcing retail investors out, digging a hole for themselves. --- Wait, did they really change the rules so quickly? It's still October, but now there's a new set. Is this exchange treating us like fools? --- A typical platform suicidal operation—liquidity withers, and then they blame users for not trading. --- As the house edge widens, it's over; people will leave sooner or later. --- Doubling the fee settlement frequency—who bears this cost? It's still us retail investors. I'm stunned.

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SchrodingersFOMO

· 12h ago

Damn, this method is too ruthless, openly cutting the leeks --- Wait, did they really change to 1 hour? Then my previous hedging strategy is all useless --- Here comes another wave, exchanges are really getting more and more ruthless --- Basically, they just want to push retail investors out, the big players are opening champagne --- This rule change is too frequent, there's no way to keep up with the rhythm --- Liquidity exhaustion isn't good for exchanges either? Uh... they must have planned this carefully --- So now there are still people daring to play perpetuals? They really have guts --- If I had known earlier, I wouldn't have studied their system in depth, they change it so quickly --- It's ridiculous, fee rates can be so wildly modified, next time they won't know how to tinker --- Isn't it just that the house edge is getting bigger and bigger, ordinary people have no way out

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