ChangXin Technology Shows Price Anchoring Deviation on First Day, Hyperliquid Mark Price at 5.13% Discount to A-Shares
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ChangXin Technology Shows Price Anchoring Deviation on First Day, Hyperliquid Mark Price at 5.13% Discount to A-Shares
According to HyperInsight, as of press time, CXMT (688825.SH) A-shares were quoted at 49.50 yuan. Calculated based on the median of the top 10 sell orders for Binance P2P USDT at 6.73 yuan during the same period, the corresponding USD price per share is approximately 7.3551 USD. During the same period, on Hyperliquid, the CXMT contract oracle price was quoted at 7.3125 USD, and the mark price was quoted at 6.9780 USD, showing a significant deviation in on-chain prices: - The mark price was 0.3345 USD lower than the oracle price, a discount of approximately 4.57%; - The mark price was 0.3771 USD lower than the converted A-share price, a discount of approximately 5.13%. Converted by exchange rate, the Hyperliquid mark price corresponds to approximately 46.96 yuan, about 2.54 yuan lower than the CXMT A-share price; while the oracle price corresponds to approximately 49.21 yuan, differing from the actual A-share price by only about 0.29 yuan. Currently, the main deviation of the CXMT contract comes from the trading price level; the current funding rate is negative, and the oracle pricing remains basically anchored to the A-share spot price.
Navigating Web3 tides with focused insightsTechFlow news, July 27, according to HyperInsight, as of press time, CXMT (688825.SH) A-shares were quoted at 49.50 yuan. Calculated based on the median of the top 10 ask prices for Binance P2P USDT at 6.73 yuan during the same period, the corresponding price per share in USD was approximately 7.3551 USD.
During the same period, the CXMT contract oracle price on Hyperliquid was quoted at 7.3125 USD, and the mark price was quoted at 6.9780 USD, showing a significant deviation in on-chain prices:
- The mark price was 0.3345 USD lower than the oracle price, a discount of approximately 4.57%;
- The mark price was 0.3771 USD lower than the converted A-share price, a discount of approximately 5.13%.
Converted by exchange rate, the Hyperliquid mark price corresponded to approximately 46.96 yuan, about 2.54 yuan lower than the CXMT A-share price; while the oracle price corresponded to approximately 49.21 yuan, differing from the actual A-share price by only about 0.29 yuan.
Currently, the main deviation of the CXMT contract comes from the trading price level; the current funding rate is negative, and the oracle pricing remains basically pegged to the A-share spot price.
