According to CoinMeta, Kaito OI currently has a pricing imbalance, with an extreme funding rate of -0.334%, which is lower than the level of P5 over the past 7 days. At the current rate, a $10,000 short position would need to pay about $33.4 per hour to the longs, totaling approximately $801 per 24 hours. The longs are expected to earn an annualized funding fee return of around 2923%. The current price of Kaito is $0.6577, with a 24-hour decline of about 4.3%. The value of open contracts has dropped to about $8.056 million, which is a reduction of 52.1% from $16.83 million 24 hours ago. Meanwhile, whales starting with 0x2be have become one of the main longs to be liquidated in this round, suffering a cumulative loss of about $806,000.