According to @ai_9684xtpa, WLFI printed as high as 0.3903 USD on Hyperliquid pre-market while Binance showed 0.2673 USD, implying roughly a 46% cross-venue spread calculated from the cited prices, source: @ai_9684xtpa. The author cautions that adding more margin is ineffective in this tape and that counterparties have stronger capital, highlighting elevated liquidation risk for leveraged traders, source: @ai_9684xtpa. For short-term trading, the combination of sharp pre-market wicks and venue divergence indicates high slippage and stop-out probability, so avoiding chase entries on Hyperliquid is advised, source: @ai_9684xtpa.