International Oil Price Rebounds Intraday, Hyperliquid Funding Rate Shows Overall Bearish Sentiment

BlockBeats News, March 11th, according to Hyperinsight Monitoring, international oil prices rebounded, with WTI crude oil rising more than 6% to $88.6 per barrel; Brent crude oil rose over 5% to $92.44 per barrel. Hyperliquid's contract prices also rose in sync, with CL at $88.2 and BRENTOIL at $89.7.

Despite the slight recovery in prices, the platform funding rate remains negative, indicating that the overall market sentiment is still bearish. It is worth noting that in the Perp DEX platform where CL contracts are currently available, Pacifica's funding rate is positive, with a difference of 0.0035% compared to Hyperliquid.