I also reached out to the Binance team and brought this up, asking about the CL and BZ fee rate issues—they should pay some attention to it. Opened a $500K position and held it for just three days, ended up paying $8K in funding fees I was shorting crude oil while holding PM to hedge some extreme options and make a bit of pocket money. Damn, these funding fees completely wrecked me—wiped out all my profits. As of now, Binance’s fee rate parameters don’t seem smooth enough, and the tolerance isn’t high. These past few days haven’t been an extremely bearish market, yet the negative fee rates are still this ridiculous. In contrast, Trade’s fee rate mechanism is much smoother. A lot of people hold crude oil positions over the weekend or for mid-to-long-term trades, but Binance’s uneven fee rates really hurt users. (Of course, those going long are probably loving it.) Hope Yi姐 can take a look at this situation. @heyibinance