JELLYJELLY futures and spot prices diverge sharply, funding rate hits -2%

Chainthink

Release Time: 03/10/2026 07:16:11

JELLYJELLY

$0.05489-21.9%

Summary

On March 10, 2026, JELLYJELLY perpetual futures and spot prices diverged sharply, with the perpetual futures price at $0.067 compared to the on-chain spot price of $0.092, creating a 28% discrepancy. Funding rates for JELLYJELLY futures reached -2%, an extreme negative level. The on-chain market cap stands at $93 million, while open interest in the futures market rose to $39.2 million. Analyst Ai Yi observed a sharp surge in open interest around 1 PM, potentially indicating price manipulation.

ChainThink reports that on March 10, according to market data, the JELLYJELLY contract and spot prices have exhibited an extreme spread. The current perpetual contract mark price is $0.067, while the on-chain spot price is $0.092, resulting in a spread of approximately 28%. The funding rate for JELLYJELLY contracts on major trading platforms has reached an extreme negative level, currently at -2% per 4 hours.

The current market capitalization of the JELLYJELLY chain is $93 million, and according to Coinglass data, the total open interest for JELLYJELLY across all networks has surged to $39.2 million.

Analyst Ai Yi (@ai_9684xtpa) noted that the total open interest for JELLYJELLY surged around 1:00 PM, possibly indicating a repeat of previous market manipulation targeting the token's price.

Source:Show original

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.