On July 13, according to market data, PUMP's funding rate on the Hyperliquid pre-market futures contract turned from positive to negative, with the current funding rate at -0.0017%, indicating that short-selling forces are beginning to accumulate. The current open interest for PUMP on Hyperliquid is $368 million, with a 24-hour trading volume exceeding $643 million.
PUMP's current open interest on Binance is $135 million, with a 24-hour trading volume exceeding $1.341 billion. The funding rate remains positive, and the long-short ratio based on position size is 1.24, with long positions still maintaining an advantage.
