Davie_TAO

Spot control combined with funding rate arbitrage
This pattern is more common in contract trading pairs with small market capitalization and insufficient liquidity, and is also a way for market makers to profit using market structure.
First, market makers will continuously accumulate positions in the spot market in advance, holding a large amount of circulating supply, even controlling most of the available float. When the market's circulating supply becomes very thin, only a relatively limited amount of funds is needed to significantly drive up the spot price.
Since the mark price of many exc