Feedback has been received about the high funding rates on the GMX/USD market
To help adjust the funding rate, Chaos Labs has recommended turning on the fundingDecreaseFactor for the GMX/USD market
With this factor enabled, the funding rate for the GMX/USD market will decrease at a rate of 40% per day if the long / short balance is within a 2% threshold, for example, if long / short balance is 51% / 49%, and current funding rate is 80% per year, then it would decrease to 40% per year after 24 hours, the funding rate will decrease towards the minimum funding rate of 20% per year
Note that the numbers above are examples based on the current configurations, the actual configurations can change based on the recommendations from Chaos Labs