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Binance's UNITREE contract funding rate hits an extreme negative value of -1.12%
· Source: BlockBeats
BlockBeats news, October 26 - According to market data, as A-share Unitree Technology surged 18% during intraday trading, the funding rate (4-hour) for the UNITREE USDT contract trading pair on Binance reached -1.12%, implying an annualized funding rate of 2452.8%. If the funding rate remains unchanged (as of press time, it has widened to -1.16%), traders shorting with 10x leverage would, even if the contract price stays the same, theoretically lose their entire principal within 1.5 days due to funding fee payments at this rate.
This brief is provided by BlockBeats. It doesn’t reflect our views and isn’t investment advice.
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