SK hynix sell-off drives heavy derivatives activity, with Binance and Hyperliquid leading flows

News Editor

2026-07-30 11:02:30

SK hynix’s sharp stock decline has triggered a jump in trading activity across related stock-derivatives venues, according to data cited by ChainCatcher from the RootData Pro dashboard. The SKHYNIX contract fell about 7% over the past 24 hours on major platforms, though losses were relatively narrower on Lighter and HTX. The SKHY contract was down roughly 4% to 5% across most venues in the same period. Open interest and trading volume were concentrated on a handful of exchanges. For SKHYNIX, Hyperliquid posted the largest open interest at $571 million, followed by Binance at $501 million and OKX at $82.14 million. Binance led 24-hour trading volume at $4.15 billion, ahead of Hyperliquid at $1.51 billion and OKX at $1.19 billion. For SKHY, Binance held the largest open interest at $115 million, narrowly ahead of Hyperliquid at $110 million, while Bitget and OKX followed. Binance also topped 24-hour volume for SKHY at $1.61 billion. Price spreads remained tight across platforms, while funding rates on some SKHYNIX contracts ran relatively high, pointing to rising long-position costs. The report came after SK hynix released its second-quarter 2026 results on July 29, with revenue, operating profit, and net profit all reaching quarterly highs. Even so, the company’s shares at one point fell more than 19.3% intraday, setting a record for the biggest single-day drop in its history.

SK hynix’s recent sell-off has pushed trading activity higher in related stock-derivatives markets.

Data from the RootData Pro dashboard, cited by ChainCatcher, shows that the SKHYNIX contract fell about 7% over the past 24 hours across major stock-derivatives exchanges, with relatively narrower declines on Lighter and HTX. The SKHY contract was down about 4% to 5% on most platforms over the same period.

SKHYNIX open interest and volume centered on Hyperliquid and Binance

By open interest, Hyperliquid ranked first in the SKHYNIX contract with $571 million, followed by Binance at $501 million and OKX at $82.14 million.

By trading volume, Binance led with $4.15 billion in 24-hour turnover. Hyperliquid followed at $1.51 billion, with OKX at $1.19 billion.

Binance led SKHY activity

For the SKHY contract, Binance posted the largest open interest at $115 million, narrowly ahead of Hyperliquid at $110 million. Bitget stood at $20.22 million and OKX at $17.41 million.

On 24-hour trading volume, Binance ranked first at $1.61 billion. XT.com recorded $482 million, OKX posted $387 million, and Hyperliquid came in at $310 million.

Spreads stayed tight while some funding rates ran higher

In spread terms, SKHYNIX was around 0.0032% on Binance, Bitget, and Bybit. Hyperliquid was at 0.0054%, while OKX was at 0.0076%.

For SKHY, spreads were about 0.0081% across Binance, OKX, Hyperliquid, Bitget, Bybit, and Gate, indicating closely aligned pricing.

Funding rates on the SKHYNIX contract were relatively higher on Lighter, OKX, and Hyperliquid, showing that the cost of holding long positions had risen.

Quarterly results hit records, but shares still plunged

SK hynix reported its second-quarter 2026 earnings on July 29, with revenue of KRW 79.32 trillion, operating profit of KRW 60.54 trillion, and net profit of KRW 93.92 trillion. All three marked quarterly highs.

The results still fell short of elevated market expectations, and SK hynix shares at one point dropped more than 19.3% intraday, setting a record for the company’s biggest single-day decline.

Overall, capital in SK hynix-linked contracts was mainly concentrated on Hyperliquid and Binance, covering both SKHYNIX and SKHY products.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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