The BNC contract for U.S. stocks on Binance has hit a limit positive funding rate of 2%, with the annualized funding rate surging to 2190%.

BlockBeats News, September 8 - The US stock BNC (CEA Industries) contract on Binance has reached an extreme positive funding rate of 2%, with the annualized funding rate surging to 2190%. Long positions significantly outweigh shorts, as traders continue paying funding fees to maintain long exposure.

According to GMGN data, the BSC-chain stock token BNC4 is trading at nearly a 3x premium compared to the overnight price of the underlying US stock BNC, with BNC4 currently quoted at $12.6. Based on BIT (bit.com) market data, the US stock BNC is now trading at $4.2 in overnight sessions.