Why are the XMR prices in two locations almost the same, yet the holding costs differ so much? Over the past 24 hours, it has risen by about 6.6%. The Binance and Bybit mark prices differ by only about 0.05%, while Binance’s funding rate is about 0.047% per 8 hours—nearly 5 times that of Bybit. The data comes from the exchanges’ public APIs.
Arbitrage has smoothed out the price, but it hasn’t immediately eliminated the need to move positions, so congestion is more like a local phenomenon on Binance. If the funding-rate spread narrows to within 0.01 percentage points, this conclusion would no longer hold.
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Arbitrage has smoothed out the price, but it hasn’t immediately eliminated the need to move positions, so congestion is more like a local phenomenon on Binance. If the funding-rate spread narrows to within 0.01 percentage points, this conclusion would no longer hold.
80% off trading fee invitation code: 9FATE
Link: https://www.binance.com/zh-CN/activity/referral/bind-ref