On September 8, the Binance-listed stock BNC (CEA Industries) contract reached its maximum positive funding rate of 2%, with the annualized rate soaring to 2190%, as long positions overwhelmingly dominate shorts. Meanwhile, on-chain BSC token BNC4 trades at nearly 3x the premium over the underlying stock's night session price, currently at $12.6, while BNC night session is at $4.2.
BlockBeats reported that on September 8, the Binance-listed stock BNC (CEA Industries) contract slammed into its maximum positive funding rate of 2%, which sent the annualized funding rate to 2190%. Longs are heavily overpowering shorts, and traders are paying ongoing funding fees just to keep those long positions open.
GMGN data shows the BSC-based stock token BNC4 is trading at almost a 3x premium to the underlying BNC stock’s night session price. Right now, BNC4 is quoted at $12.6.
And BIT(bit.com) market data shows BNC’s night session trading at $4.2.
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