On September 22, market data showed that as 0G briefly broke through $7 before falling back (currently at $5.48), the contract funding rate (4 hours) on Binance fell to 0.61%. The current contract price ($5.15) has a negative premium of about 6% compared to the spot price.
After 0G surged and then retreated, the contract funding rate on Binance dropped to 0.61%.
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