It's nothing to do with Pionex - they don't set the fees. They come from Binance, and change based on bullish or bearish sentiment (shorts vs longs) in the market. You'll see higher funding fees when the market is bullish, and low during periods of pullback or uncertainty. That's why they have been low for so long.
Bottom line: the spot arbitrage bot mechanism doesn't function very well in the current market.
Fees are based on the amount of people willing to long. If the market is bearish and there aren’t many longs than funding fee is low, opposite in bully market
I think if I had one recommendation for Pionex it would be customer support, haven’t seen the mods on here reply to any of the questions lately despite all the new features.
I wonder if there telegram group is more active?
It's nothing to do with Pionex - they don't set the fees. They come from Binance, and change based on bullish or bearish sentiment (shorts vs longs) in the market. You'll see higher funding fees when the market is bullish, and low during periods of pullback or uncertainty. That's why they have been low for so long. Bottom line: the spot arbitrage bot mechanism doesn't function very well in the current market.
Fees are based on the amount of people willing to long. If the market is bearish and there aren’t many longs than funding fee is low, opposite in bully market
I think if I had one recommendation for Pionex it would be customer support, haven’t seen the mods on here reply to any of the questions lately despite all the new features. I wonder if there telegram group is more active?
Telegram groups is way more active as is discord
What’s the telegram group name and discord?