memory leak in view struct

I'm at my wit's end here. For some reason the following code causes a memory leak and I can't figure out why. If I comment out the contents of the onEditingChanged callback in TableElement there is no leak, if I remove the data binding altogether there is no leak, and if I remove the viewModel and instead just declare mapData as a state in ContentView there is no leak, but that isn't a viable solution for my actual code. Does anyone know what's causing this memory leak? Thanks in advance

Here's my model:

class EditFuelLevelViewModel: ObservableObject {
    
    @Published var mapData: [[Float]] = [[0, 1], [0, 1], [0, 1], [0, 1], [0, 1], [0, 1], [0, 1], [0, 1], [0, 1], [0, 1]]
}

And here's my view:

struct ContentView: View {
    private struct TableElement: View {
        @Binding var data: Float
        @State private var text: String

        init(data: Binding<Float>) {
            self._data = data
            self.text = String(data.wrappedValue)
        }

        var body: some View {
            TextField(
                "Enter Value",
                text: $text,
                onEditingChanged: { editing in
                    if !editing {
                        data = Float(text) ?? 0
                    }
                }
            )
        }
    }

    @StateObject var viewModel: EditFuelLevelViewModel = EditFuelLevelViewModel()
    @State var text = ""

    let timer = Timer.publish(every: 0.5, on: .main, in: .common).autoconnect()

    var body: some View {
        VStack {
            Text(text)
                .onReceive(timer) { test in
                    text = String(test.hashValue)
                }
            TableElement(data: $viewModel.mapData[0][0])
        }
    }
}