Hyperliquid Giant Whale: When CXMT encounters an extreme funding rate of -0.21% per hour, one short position accounts for 30% of the entire platform's holdings
2026-08-03 10:35:27
According to CoinMeta, the current price of CXMT is $7.73, with a 24-hour increase of about 4.15%. The current hourly funding rate has dropped to -0.2139%, compared to -0.1212% in the previous hour, representing a 76.5% increase in the absolute value of the negative rate. If this rate remains unchanged, holding a $10,000 short position in CXMT would result in an hourly cost of about $21.4, totaling approximately $513.4 over 24 hours. The current marked price of CXMT is $7.73, while the price on the oracle is around $8.02, indicating a contract discount of about 3.70%. The 24-hour trading volume is about $15.22 million, and the value of open contracts is approximately $76.03 million, with the position size being nearly 5 times the daily trading volume. There are 1072 long addresses and 823 short addresses for CXMT, with a long-to-short ratio of about 1.3:1. Among large traders, the ratio of long to short positions is 2.5:1, but in terms of position value, the short position size is still about 6.5% larger than the long position size. Monitoring shows that short positions are mainly concentrated in addresses starting with 0xf29; this address holds a short position of about $22.4 million in CXMT with a leverage of 1 time, and a single position accounts for nearly 30% of the total open contracts on the platform.
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Source:Internet
This content is for market information only and does not constitute investment advice.
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