Funding costs have risen, directly increasing the pressure on $ZHONGJI perpetual longs. Binance ZHONGJIUSDT currently has a funding rate of 0.0881%, settled every 4 hours, with about 205 minutes until the next settlement. Long positions are crowded, driving up the cost of going long. The mark price is 119.8 USDT, down 3.15% over 24 hours, with trading volume of $6.98 million over the same period. The funding rate is notably high and the price has already pulled back. If longs continue paying funding before settlement, funding flows could amplify short-term volatility.
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