On Hyperliquid, the funding rate for ChangXin Memory Technologies (CXMT) reaches -0.1775%, with annualized short costs exceeding 1500%.
BlockBeats news, as of July 27, Hyperliquid shows the current funding rate for the CXMT-USDC perpetual contract at -0.1775%, which corresponds to an annualized funding rate of about -1552.44%.
A negative funding rate means that short positions must pay funding fees to long positions. Simply put, if a trader holds a CXMT short position with a notional value of 10 thousand USDC, based on the current funding rate, they would need to pay about 17.75 USDC for each funding settlement; if this rate remains over time, the annualized funding cost would reach approximately 1552%, meaning that theoretically, holding a 10 thousand USDC short position for one year would require paying more than 150 thousand USDC in funding fees.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ivy League’s space gamble: Harvard reveals $2.2 billions SpaceX position, its largest single stock holding
Harvard University Investment Management Company disclosed that it holds $2.2 billion worth of SpaceX shares, making it the largest single stock position in its $4.3 billion US equity portfolio. This holding originated from Harvard’s early investment in SpaceX through venture capital funds, and the position has significantly appreciated after SpaceX’s public listing in June this year. The University of California also disclosed a roughly $1 billion position in SpaceX during the same period. Over the past decade, endowment funds from several universities have made substantial bets on private tech assets.
Circle obtains Major Payment Institution license in Singapore
Crypto prices
More
