Hyperliquid CXMT Mark Price Shows 5.13% Discount to Chinese Stock on First Day of Trading

HYPE1.82%
CXMT17.67%
According to HyperInsight, CXMT contracts on Hyperliquid showed price anchoring deviation on their first day of trading on July 27. Long Xin Technology (688825.SH) traded at 49.50 yuan on the Chinese stock exchange, equivalent to approximately 7.3551 USD per share. The Hyperliquid oracle price stood at 7.3125 USD, while the mark price was 6.9780 USD, corresponding to about 46.96 yuan. The mark price reflected a 5.13% discount to the A-share equivalent price, or 0.3771 USD lower. The oracle price remained closely aligned with the A-share spot price, differing by only about 0.29 yuan.
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