BlockBeats News, June 9th, according to Coinglass data, as the price of H plummeted, the H network-wide open interest weighted funding rate has dropped to the extreme negative value, now at -1.45%.

It is worth noting that among major platforms, apart from Binance where the rate is now -0.01% (charged per hour), the rates on other mainstream platforms have dropped to the extreme negative value of that platform. Records show that an hour ago, the rate on Binance was -0.7%. As the platform with the largest trading volume of H contracts in the entire network, in the case of the contract price hitting 20 times the on-chain price, a significant increase in the rate may be a phenomenon worthy of attention.