Why is there such a large gap between spot and futures

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Why is there such a large gap between spot and futures contracts? $COAI

COAIUSDT

Perp

Closed Short

Realized PNL (USDT)

+28.49

+7.63%

Entry Price

18.65875

Avg. Close Price

17.2344

From @Btc农民's position data

Close Time: 2025-10-15 23:51

1

2

379

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