BNC spot quote is 5.949, down 6.108% over the past 24 hours. The futures market shows a contradictory situation: the price falls, but the funding rate stays near zero, and open interest at 2.1376 million also shows no obvious fluctuations.
A funding rate of zero means that neither the long nor short side has significant arbitrage cost or pressure on leverage. When the price drops but the funding rate remains stable, it usually points to two possible scenarios: first, the decline is dominated by sell orders in the spot market rather than being actively driven by short positions in the futures market; second, the net effect of newly added shorts and the closing longs in the position structure temporarily offsets each other.
Trading tag: #TradFi #链上美股 #BNC
Where do you think this assessment is most likely to be wrong?
A funding rate of zero means that neither the long nor short side has significant arbitrage cost or pressure on leverage. When the price drops but the funding rate remains stable, it usually points to two possible scenarios: first, the decline is dominated by sell orders in the spot market rather than being actively driven by short positions in the futures market; second, the net effect of newly added shorts and the closing longs in the position structure temporarily offsets each other.
Trading tag: #TradFi #链上美股 #BNC
Where do you think this assessment is most likely to be wrong?