Bandwidth limit by port

I have created a VXLAN port and I want to limit its bandwidth.

Under switch/rules, I see rate as an option under switch/rules, but when I try to use this, I get a message that this is not supported on this switch type. Would this be a good way if my router supported it?

I tried simple queue and selected target as the switch port I’m connected to, but I can’t make any changes that I can see. Also, I don’t see any traffic in the queue.

any ideas?