On May 26, ESPORTS futures and spot prices showed a significant divergence, with the spread peaking above 40%. The perpetual contract mark price stands at $0.0478, while the on-chain spot price is $0.0392, creating a spread of approximately 22%. The funding rate for ESPORTS has turned negative across major trading platforms.
According to Coinglass, the total open interest for ESPORTS has risen to $48.32 million, with a 24-hour contract trading volume reaching $617 million. Over the past 24 hours, liquidations amounted to $8.3167 million, including $6.6682 million in long liquidations.
ESPORTS Futures and Spot Prices Diverge, Funding Rate Negative
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