Following SK Hynix's sharp drop, the cross-platform spread widens, with Hyperliquid trading at a $14 discount to Binance Futures.

BlockBeats News, July 13th, according to Hyperinsight Monitoring, SK hynix continued to fall, with the Binance platform's SKHYNIX perpetual contract priced at $1275, a 13.82% decrease in 24 hours; Hyperliquid's SKHYNIX contract was priced at around $1261.80, a 14.50% drop in 24 hours. The price difference between the two was about $13.30, with Binance's trading price having a premium of about 1.05% over Hyperliquid.

If calculated based on the mark price, Binance was at $1273.80, Hyperliquid at $1257.60, further widening the price difference to $16.20, with a premium of about 1.29%. However, the reference prices of the two platforms were basically the same: Binance's index price was $1240.97, and Hyperliquid's oracle price was $1242.00, differing by only $1.03.

The funding rate also indicated that the longs were still relatively crowded, with Binance's eight-hour funding rate rising to 0.5%; Hyperliquid's hourly funding rate was about 0.0698%, equivalent to about 0.56% for eight hours based on a static calculation, both paying from longs to shorts.

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