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

CoinFeed reported on May 26th that, according to on-chain analyst Ai Yi, a price difference of up to 45% has appeared between the ESPORTS on-chain price and Binance futures, 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 reason is as follows: Gate, MXC, and Bitget have all suspended token deposits, resulting in a price difference between the on-chain price and centralized exchanges that cannot be balanced. The 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 from the median price of other prices by more than 3%, the value of that price source will be intervened at 1.03 or 0.97 times.