$ONE Funding rate: -0.156%/4h, annualized at -342.6%. Shorts have to pay longs every four hours, while the price has still risen 65.2% in 7 days.
· Open interest: $6.33 million, down 1.7% over 24h
· Futures volume: $81.49 million, 7.6 times spot volume
· Up 15.4% over 24h; long/short account ratio at 1.04, basically even
ONEchain was formerly CROSS. It’s an L1 built for gaming, with a toolkit that lets game studios issue tokens and in-game items so players can truly own their assets. Binance Alpha and CROSS perpetual futures launched around the same time last July, but the futures contract is still listed under the old trading pair.
The funding rate has stayed negative while the price keeps rising, and open interest is falling. This suggests the move is more likely driven by shorts being forced to cover than by new longs entering. Some shorts are cutting their losses and exiting, naturally shrinking open interest. With the account ratio so balanced but positioning tilted short, another price spike could trigger further liquidations. On the other hand, if volume dries up, the negative funding rate becomes free interest for longs, and the rally could stall.
One thing to note: the futures quote is $0.0018, dozens of times lower than the roughly $0.10 price on CoinGecko. The figures clearly don’t line up, so I can’t confirm whether the market cap and FDV figures can be used as-is. Circulating supply is 55.7% of the total, so upcoming unlocks could still bring considerable pressure. There have also been no clear news catalysts in the past 3 days.
#ONE #资金费率 #妖币
· Open interest: $6.33 million, down 1.7% over 24h
· Futures volume: $81.49 million, 7.6 times spot volume
· Up 15.4% over 24h; long/short account ratio at 1.04, basically even
ONEchain was formerly CROSS. It’s an L1 built for gaming, with a toolkit that lets game studios issue tokens and in-game items so players can truly own their assets. Binance Alpha and CROSS perpetual futures launched around the same time last July, but the futures contract is still listed under the old trading pair.
The funding rate has stayed negative while the price keeps rising, and open interest is falling. This suggests the move is more likely driven by shorts being forced to cover than by new longs entering. Some shorts are cutting their losses and exiting, naturally shrinking open interest. With the account ratio so balanced but positioning tilted short, another price spike could trigger further liquidations. On the other hand, if volume dries up, the negative funding rate becomes free interest for longs, and the rally could stall.
One thing to note: the futures quote is $0.0018, dozens of times lower than the roughly $0.10 price on CoinGecko. The figures clearly don’t line up, so I can’t confirm whether the market cap and FDV figures can be used as-is. Circulating supply is 55.7% of the total, so upcoming unlocks could still bring considerable pressure. There have also been no clear news catalysts in the past 3 days.
#ONE #资金费率 #妖币
