The current mainstream CEX has an approximately 18% price difference between spot and contract trading pairs, with funding rates all in negative values

BlockBeats news, on February 7th, according to market data, there is approximately an 18% price difference between the spot and perpetual trading pairs of SPACEID (ID) on mainstream CEX platforms.

According to Coinglass data, the funding rate for perpetual contract trading pairs on Bitget is currently at -3%.

BlockBeats note: When the price of a perpetual contract deviates from the underlying asset price, trading platforms will adjust the funding rate to encourage long or short positions to pay funds in the opposite direction, thereby causing the contract price to return to the underlying asset price. When the market is bearish, the funding rate is usually negative, at which point short traders pay fees to long traders.