SKHX Binance Funding Rate Hits 2.1x Hyperliquid Level

Binance SKHX funding costs are 2.1x higher than Hyperliquid, with $10k longs facing ~$99 extra daily fees as hourly rates accelerate.

Woofun AI data shows that the hourly funding rate for SKHX on Hyperliquid has risen to 0.0373%, with long positions paying shorts. On Binance, the SKHYNIXUSDT funding rate stands at approximately 0.3141% every four hours, which is about 2.1 times the rate on Hyperliquid during the same period.

Based on these rates, holding a $10,000 long position incurs a 24-hour funding cost of roughly $89.6 on Hyperliquid, compared to $188.4 on Binance, resulting in a difference of approximately $98.8. The cumulative funding rate settled on SKHX on Hyperliquid over the past 24 hours is about 0.3925%, while the current hourly rate has increased to approximately 2.3 times the 24-hour average, accelerating costs for long positions.