According to BlockBeats, on August 28, Hyperliquid implemented a new marked price calculation method for pre-market perpetual contracts early this morning. This change caused the funding rates for WLFI and XPL to soar, with the annualized funding rate for WLFI rising from 11% to 100%, and the annualized funding rate for XPL rising from 11% to 800%.
As of the time of publication, the current quoted price of XPL on Hyperliquid is $0.66, which represents a 22.6% premium compared to $0.538 on Binance. The current quoted price of WLFI on Hyperliquid is $0.292, which represents a 13.6% premium compared to $0.257 on Binance.
