Data cited by BlockBeats on July 13 showed extremely elevated funding rates for SK Hynix-linked contracts on trade.xyz. The platform’s main SK Hynix contract posted an annualized funding rate of 907.74%, with open interest reaching $834 million. In contrast, the U.S.-listed Hynix contract showed an annualized funding rate of -143.74%, while open interest there stood at $88.77 million. Binance’s Shanghai Hynix contract also pointed to bullish positioning, with its annualized funding rate at 547.5%. The figures suggest traders on these venues were positioning for a rebound in related Korean equities in the next session.
BlockBeats reported on July 13, citing trade.xyz data, that the platform’s main SK Hynix contract had reached an annualized funding rate of 907.74%, with open interest at $834 million.
By comparison, the U.S. Hynix contract showed an annualized funding rate of -143.74%, although open interest in that contract was only $88.77 million.
Funding on Binance’s Shanghai Hynix contract also pointed to bullish expectations, with the annualized rate at 547.5%.
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