This 💯

“ Personally I think it's wildly inappropriate to list a futures contract on an asset that's not even listed on the spot market. This means that Kraken is importing their price feed and manipulating their funding rate based on information coming from other exchanges (probably Binance API mostly). That's a weird can of worms to unpack... just list the damn token on your exchange; it's not that hard.”

Personally I don’t like these instruments at all. Just a way to manipulate.

I see people cheer for it here which makes no sense to me. Maybe I’m wrong.