The perpetual mark price for $QNT is 0.11% below spot, the widest deviation among today's assets that meet the threshold.
The mark price is 252.35 and the spot price is 252.64, a gap of 11 basis points; 24-hour change: +3.51%.
The perpetual is cheaper than spot, suggesting heavier selling pressure on the contract side.
This discount won't disappear on its own: either the contract price rises back up or the spot price falls.
The spread is driven by positioning on both sides. Whoever gives in first will move first. In times like this, I'd rather trade less than get it wrong.
$QNT #Cryptocurrency
The mark price is 252.35 and the spot price is 252.64, a gap of 11 basis points; 24-hour change: +3.51%.
The perpetual is cheaper than spot, suggesting heavier selling pressure on the contract side.
This discount won't disappear on its own: either the contract price rises back up or the spot price falls.
The spread is driven by positioning on both sides. Whoever gives in first will move first. In times like this, I'd rather trade less than get it wrong.
$QNT #Cryptocurrency