New on KCEX: $EIDO.USDT perp, the iShares MSCI Indonesia ETF, live with up to 25x

KCEX EIDO_USDT perp notes, official KCEX contract data around 10:45 AM ET Oct 26:

What it is: a USDT-margined perp on EIDO, the iShares MSCI Indonesia ETF, so you get Indonesian equity exposure in USDT. KCEX lists it as stock/ETF, with the index sourced from Binance futures.

Live stats: last 10.44, 24h range 10.28 to 10.62, change -1.32%. Funding -0.2003%. Turnover about 23.06K USDT, open interest about 3,149 contracts (about 3.29K USDT). Max 25x, contract size 0.1, fees 0% maker / 0.01% taker.

Setup: price is sitting in the middle of a tight 10.28 to 10.62 range with deeply negative funding. That leans toward a squeeze back toward 10.62 if the range low holds.

Invalidation: a 15m close under 10.28 kills the long idea.

Risk: liquidity is still thin on a brand new contract, and this tracks an ETF that trades on US market hours. Size small. Not financial advice.

Bias: LONG. Funding is about -0.20%, so shorts are paying hard while price holds mid range near 10.44.