$ONE Contract funding rate: -0.213%/4h, or -465% annualized. But this contract is trading at just $0.0014, while ONEchain itself is priced at $0.108—a difference of more than 70x.
· Open interest fell 5.8% over 24h, to $4.77 million
· 24h contract volume was $28.98 million, while spot volume was just $3.87 million
· Long/short ratio by trader count is 1.05, so traders are roughly evenly split
ONEchain was formerly CROSS, a gaming-focused L1 that helps game publishers turn in-game currencies and items into on-chain tokens and NFTs. It is currently listed in Binance Alpha.
With a price gap this large, ONEUSDT is most likely tracking the old Harmony ONE token, and they just happen to share a ticker. That means the -465% reflects crowded shorts in the old token and has little to do with ONEchain. It’s also possible the data source mixed up the two tokens, so this funding rate shouldn’t be treated as a direct signal for ONEchain.
Even looking at this contract alone, such a negative funding rate alongside falling open interest suggests shorts are closing rather than adding to their positions. There’s fuel for a short squeeze, but not many people lighting the match. Price action is being driven by leveraged traders, so wicks may be frequent. ONEchain has 56.1% of its supply in circulation, so its unlock pressure is lighter than that of newer tokens with low circulating supplies. If you want to assess it, start by looking at spot market activity.
#ONE #资金费率 #weirdcoin
· Open interest fell 5.8% over 24h, to $4.77 million
· 24h contract volume was $28.98 million, while spot volume was just $3.87 million
· Long/short ratio by trader count is 1.05, so traders are roughly evenly split
ONEchain was formerly CROSS, a gaming-focused L1 that helps game publishers turn in-game currencies and items into on-chain tokens and NFTs. It is currently listed in Binance Alpha.
With a price gap this large, ONEUSDT is most likely tracking the old Harmony ONE token, and they just happen to share a ticker. That means the -465% reflects crowded shorts in the old token and has little to do with ONEchain. It’s also possible the data source mixed up the two tokens, so this funding rate shouldn’t be treated as a direct signal for ONEchain.
Even looking at this contract alone, such a negative funding rate alongside falling open interest suggests shorts are closing rather than adding to their positions. There’s fuel for a short squeeze, but not many people lighting the match. Price action is being driven by leveraged traders, so wicks may be frequent. ONEchain has 56.1% of its supply in circulation, so its unlock pressure is lighter than that of newer tokens with low circulating supplies. If you want to assess it, start by looking at spot market activity.
#ONE #资金费率 #weirdcoin
