SKHX funding rate on Binance has reached 2.1 times that of Hyperliquid

BlockBeats News, July 30th, according to Hyperinsight monitoring, the funding rate of SKHX on Hyperliquid has risen to 0.0373% per hour, with longs paying shorts; on Binance, the funding rate for SKHYNIXUSDT is approximately 0.3141% every 4 hours, about 2.1 times that of Hyperliquid during the same period.

Based on the current rates, holding a long position of $10,000, the 24-hour funding cost on Hyperliquid is about $89.6, while on Binance it is about $188.4, a difference of approximately $98.8.

In the past 24 hours, the cumulative funding rate settled on SKHX on Hyperliquid is about 0.3925%, and the current hourly rate has increased to approximately 2.3 times the 24-hour average, accelerating the long position's cost.