H Weighted Funding Rate Hits Extreme Negative -1.45% on June 9; Binance Rate Spikes Anomalously to -0.01%

According to BlockBeats, citing Coinglass data, on June 9, H's network-wide weighted perpetual funding rate dropped to an extreme negative of -1.45%.

Notably, Binance's rate stands at -0.01% per hour, while other major platforms have hit their respective platform limits. Binance's rate surged from -0.7% one hour prior, an anomaly worth monitoring as Binance processes the largest H perpetual contract volume globally, with on-chain prices trading at 20x leverage levels.