Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
This long wick candle has split me open, no wonder automatic position reduction occurred. However, did the platform's risk margin also use the Platform Token? Moreover, under the unified account, I have a lot of Spot gt positions, and with this long wick candle down, the Margin is also in trouble, which is difficult to handle.
Within minutes, the GT Futures price plummeted from a normal level close to the Spot price, reaching a low of 3.825 U.
At the same time, although the GT Spot price also fluctuated, it only dropped to 14.050 U at its lowest, resulting in a price difference of over 70% between the two.
Such an abnormal basis spread is extremely rare in financial markets; under normal market mechanisms, Arbitrage activities would quickly eliminate such a large price gap.
A senior trader stated: "I have been engaged in Crypto Assets trading for five years and have never seen such a large basis spread; this clearly indicates a problem with the market mechanism." The significant divergence between the Futures price and the Spot price is attributed to platform system or mechanism issues, rather than normal market behavior.