On August 29, XPL on Hyperliquid continued to rise, breaking through $1.10, with the current annualized funding rate as high as 254.00%, a 36.00% premium compared to $0.808 on Binance.

Hyperliquid implemented a new marking price calculation method for pre-market perpetual contracts yesterday morning. The contract marking price will use the regular marking price formula, combined with the price of external pre-launch perpetual contracts (if any).