ESPORTS experiences extreme spot-futures price differences, and the funding rate turns negative

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Mars Finance News, on May 26, according to market information, there was an extreme price discrepancy between the ESPORTS contract and spot prices, once exceeding 40%. The current perpetual contract mark price is $0.0478, and the on-chain spot price is $0.0392, about a 22% difference. The funding rate for ESPORTS contracts on major trading platforms has turned negative.
According to Coinglass data, the open interest for ESPORTS contracts across the entire network surged to $48.32 million, with 24-hour contract trading volume reaching $617 million.
In the past 24 hours, liquidations totaled $8.3167 million, including $6.6682 million from long positions.
ESPORTS-29.72%
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ProofOfVibes
· 2h ago
Wait until the price approaches the spot price before considering again.
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GateUser-46c777d0
· 9h ago
Check the long-short ratio now to see who is in control.
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TokenomicsMechanic
· 10h ago
8.31 million liquidations are not many, still considered healthy
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SaveABitOnGasFees
· 10h ago
The funding rate is negative, are shorts replenishing their positions?
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SoftRugDetective
· 10h ago
Esports coins are also made perpetual; the crypto world really can speculate on anything.
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BluePeonyAlert
· 10h ago
A trading volume of 617 million, and the buzz is pretty good.
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WatercolorGlassBottle
· 10h ago
This 40% price difference is outrageous; arbitrage traders are ecstatic.
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PocketAlphaPia
· 10h ago
Over 6.66 million orders liquidated, longs wiped out and cleared out.
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RedTelephoneBoothSite
· 10h ago
The marked price is so much higher than the spot price, which is unreasonable.
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GateUser-f78f1f3e
· 10h ago
22% basis, obvious spot-futures arbitrage opportunity
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