| Market | Price | 24h | OI | Funding APR |
|---|---|---|---|---|
| SKHX | $1,173.80 | +20.9% | $415.5M | −285.6% |
| SKHY | $157.47 | +19.1% | $118.0M | −21.5% |
| BTC | $63,692 | −1.95% | $2.19B | −7.12% |
| ETH | $1,877.20 | −2.52% | $1.81B | +0.76% |
SKHX mark $1,173.80 vs oracle $1,182.40 (−0.73%, $1.59B 24h volume, 353,981 contracts open). SKHY mark $157.47 vs oracle $157.49 (−0.01%). Funding shown is hourly ×24×365. Snapshot: 31 Jul 2026 12:18 UTC. Sources: Hyperliquid API (xyz dex), Bloomberg, MarketBeat.
The order book hasn’t fully caught up to the rally. SK Hynix stock closed up 17.5% on Jul 30 — part of a Kospi rebound from an earlier-week leveraged-unwind rout — after a strong earnings print (shares had initially dipped ~10% on the call) and a reported Chey Tae-won share purchase (Bloomberg, MarketBeat). SKHX has since added +20.9% on-chain in 24 hours, but its perp still marks $1,173.80 against a $1,182.40 oracle (−0.73%) — and the hourly funding that gap generates annualizes to −285.6%, paid by the side still positioned below the move. Discount and funding here are one signal, not two confirmations.
SKHY, the thinner twin, shows the same discount direction at roughly 1/57th the magnitude and −21.5% APR funding. Equity perps on Hyperliquid structurally run hotter funding than crypto or commodities majors, so −285.6% is high for the asset class, not unique to this event.
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Join ARX Signals →Not financial advice. Data sourced from Hyperliquid API (xyz dex). Point-in-time snapshot, 31 Jul 2026 12:18 UTC.