In Hypeliquid, the funding cost is paid according to the rules between long and short positions, point-to-point, and on-chain - in comparison, cex manual setting, a little lower and a little higher, with a huge hidden profit margin, hype has no hidden, so arbitrage is more optimal.
Therefore, in the future, <whale> and $ena protocols, the main hedging will be on $hype.
When Sequoia and SoftBank invested $25 billion in FTX at a valuation, its daily trading volume was $4 billion, and hype reached a new high of $13 billion yesterday.