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

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.