The WTIOIL-USDC pair on Hyperliquid is exhibiting an extremely high annualized funding rate of -647.80%, suggesting that long positions are currently being paid significant fees. Traders are noting that Oil has maintained a price range near $90–$95 over the last 30 days, potentially offering a 60% profit through funding fees with marginal price risk. However, market sentiment is divided on the sustainability and cause of these high funding rates for Oil.