ESPORTS on-chain and Binance futures contracts showed a price difference of up to 45%, with negative funding fees.

PANews reported on May 26 that, according to on-chain analyst Ai Yi, there is a price difference of up to 45% between ESPORTS on-chain and Binance futures contracts, with negative funding fees. The current on-chain price is $0.04072, while the Binance futures price is $0.0492, a difference of 20.8%.

The reasons are as follows: Currently, Gate, MXC, and Bitget have all suspended token deposits, resulting in price discrepancies between on-chain and centralized exchanges that cannot be balanced. Binance Futures' price index references Gate (10.52%), MXC (15.78%), Bitget (15.78%), PancakeswapV3 (52.63%), and Binance Futures (5.26%). When the latest price of a price source deviates more than 3% from the median price of other prices, the value of that price source is intervened at 1.03 or 0.97 times. Because prices on other centralized exchanges are significantly higher than on-chain prices due to deposit suspensions, Binance Futures' prices are distorted.

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Author: PA一线

This content is for market information only and is not investment advice.

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