XPL Surges Past $1.10 on Hyperliquid with 254% Annualized Funding and 36% Premium After New Pre‑Market Mark Price Rule

COINOTAG reported on August 29 that Hyperliquid’s token XPL sustained an upward move, breaching the $1.10 level. The advance coincided with pronounced derivatives metrics, underscoring significant trading interest in the protocol’s instruments.

The platform’s annualized funding rate reached approximately 254%, while the perpetual contract exhibited a roughly 36% positive premium versus Binance’s reference price of $0.808, highlighting pronounced basis differentials across venues.

Early yesterday, Hyperliquid updated its mark price calculation for pre-market perpetual contracts: the mark now combines the standard mark price formula with prices from external pre-market perpetual contracts (where available), thereby changing the inputs used for contract valuation and risk assessment.

‘,
‘

🔒 Secure and Fast Transactions
Diversify your investments with a wide range of coins. Join now!

‘,
‘

💎 The Easiest Way to Invest in Crypto
Dont wait to get started. Click now and discover the advantages!

‘
];

var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();