PUMP's Hyperliquid Pre-market Funding Rate Flips from Positive to Negative as Short Interest Begins to Build

BlockBeats News, July 13th, according to market data, PUMP's funding rate on the Hyperliquid pre-market contract has changed from positive to negative, with the current funding rate at -0.0017%. Bearish momentum is starting to build up. The current open interest of PUMP on Hyperliquid is reported to be $3.68 billion, with a 24-hour trading volume exceeding $6.43 billion.

PUMP's current open interest on Binance is $1.35 billion, with a 24-hour trading volume exceeding $13.41 billion. The funding rate remains positive, and the whale ratio based on the position size is 1.24, indicating that long positions still dominate.