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Hyperliquid oil shorts face 500% annualized funding rate

Verifying
  • Hyperliquid’s crude-oil perpetual futures developed a strong bias toward short positions.
  • The annualized funding rate reached 500%, with short sellers paying long traders.
  • Oil traded near $100 a barrel after gains of 6% in 24 hours and 75% year-to-date.
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Hyperliquid oil shorts face 500% annualized funding rate - CoinPost Terminal