CXMT contracts rebound and the funding rate turns negative, the maximum unrealized loss on the short position is approximately 6391000 USD and it has net paid approximately 5213000 USD in funding fees.
Article
CXMT Maximum short loss exceeds 11500000 USD, and approximately 160000 USD in funding fees may still need to be paid each day
BlockBeats news,September 23, according to TradingBeats monitoring data,Hyperliquid on CXMT contracts briefly rose to 9.0063 USD, rebounding approximately September 2 from the low of 14.5%, just approximately 9.1654 USD below the all-time high of 1.7%.
Meanwhile,CXMT funding rates turned negative again, currently at approximately -0.0269%per hour, or approximately -0.646%on a simple daily conversion, meaning shorts will once again need to pay relatively high holding costs to longs.CXMT's largest short (0xf292) holds approximately 25259000 USD in short positions at an average price of approximately 6.505 USD, with an unrealized loss of approximately 6391000 USD. It has cumulatively paid approximately 5213000 USD in net funding fees, and actually paid approximately 24 over the past 46000 USD.
If the current funding rate remains unchanged, this address is expected to pay approximately 6825 USD，1 per hour, or approximately 164000 USD over https://m.theblockbeats.info/flash/368548
Key points
01
September 23, and cumulative net funding fees paid were approximately Hyperliquid, according to TradingBeats monitoring data,CXMT on 9.0063 USD。
02
CXMT contracts briefly rose to September 2 The contract rebounded approximately 14.5%from the low, approximately 9.1654 USD below its all-time high since launch 1.7%。
03
CXMT. The current funding rate is approximately -0.0269%per hour, or approximately -0.646%。
04
CXMT per day. The largest short address, 0xf292, holds approximately 25259000 USD in short positions at an average price of approximately 6.505 USD, with an unrealized loss of approximately 6391000 USD。
05
This address has cumulatively paid net approximately 5213000 USD in funding fees; over the past 24 hours, it actually paid approximately 46000 USD。
06
If the current funding rate remains unchanged, this address is expected to pay approximately per hour 6825 USD，1 days, approximately 164000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position is a position that profits when the price falls.CXMT After the contract price rebounded, this largest short position showed an unrealized loss; at the same time, the funding rate was negative, and the original text stated that the short also needed to pay holding fees to the long. An unrealized loss is an accounting loss on a position that has not yet been closed, while the funding fee is a fee incurred during the holding period.
Why it matters to readers
Continued price increases or persistent negative funding rates could both increase the position pressure on this short address; the position and funding fee data in the article also reflect the current cost difference between the long and short sides of the contract.
Beginners can use this to understand that a contract short can not only incur an unrealized loss when the price rises, but may also need to pay funding fees; the daily fee in the text is merely a simple estimate based on the assumption that the current rate remains unchanged.
Risks and unknowns
Approximately per day 164000 USD is an estimate based on the assumption that the current funding rate remains unchanged; actual fees may vary.
The original text did not explain how the monitoring data was verified, nor did it confirm the actual controller of address 0xf292.
The “loss exceeding 11500000 USD” in the headline may include both unrealized losses and cumulative net funding fee payments, but the original text does not clearly specify the calculation methodology.
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The original text did not state this short position’s liquidation price, margin status, or whether it will continue to be held.
Related concepts
Short
This term is not in the glossary yet. Browse related concepts in the glossary.
