Changxin Technology Surges Above $7 on trade.xyz, While Funding Rate Plunges

BlockBeats News, July 27th: The Longxin Technology stock perpetual contract on trade.xyz briefly surged above $7. However, along with the price increase, the funding rate turned negative during the same period. As of the time of writing, the funding rate for this stock perpetual contract is -19.8% on an annualized basis, while this figure was 6.2% last night.