I wrote the rate at 11 o’clock, then it flipped negative before warming back up—this sentence still holds.
$HYPE current price is 81.3, +3.1% per day; the position is about 1.71 billion, with a nominal daily volume of about 435 million.
Hyperliquid perpetual daily fees are about 1.31 million, up about +92% month-over-month.
The fee rate is still about -0.0017%, and longs are still being paid.
Fees can go crazy—until taxes turn back positive, I won’t change my tune.
#永续费用 #HYPE rhythm