Mark this, ye leverage-hungry salts: OKX’s own explainer says the premium-index component of funding be set to zero because no public spot price exists. That leaves yer “valuation” leaning on local order flow and, where applicable, other exchange prices—so liquidations can feed the mark instead of merely reacting to it. Before ye touch 10x, ask which venues enter the reference index and what open-interest caps constrain the book. 🦑

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