The T contract on mainstream CEX has reached an extreme negative fee rate, with $2.07 million Get Liquidated in 24 hours.

On April 18, according to Coinglass data, the perpetual futures for T (Threshold) on mainstream CEX have reached an extreme negative funding rate, with CEX at -3%, and major trading platforms like CEX, Gate.io, and others at -2%. According to CEX market information, T (Threshold) is currently priced at $0.021, with a 24-hour rise of 44.5%. Currently, the total trading volume for T contracts across the network in the last 24 hours is reported at $1.03 billion, with a 24-hour increase of 10614%, and the total open interest for contracts across the network is $65.08 million. In the last 24 hours, T contracts have seen liquidations of $2.07 million, including $1.57 million from short orders. CEX will adjust the funding rate settlement frequency for the T (Threshold) USDT perpetual futures to every two hours on April 18 at 22:00 (Beijing time).