As of July 27, the funding rate for the CXMT-USDC perpetual contract on Hyperliquid stood at -0.1775%, which translates to an annualized funding rate of about -1552.44%, according to BlockBeats. A negative funding rate means short positions pay funding to longs. At the current rate, a trader holding a CXMT short with a notional value of 10,000 USDC would pay about 17.75 USDC at each funding settlement. If that rate were to stay in place over a long period, the annualized funding cost would come to roughly 1552%. In theoretical terms, maintaining a $10,000 short position for a full year would result in funding payments of more than $150,000.
As of July 27, the funding rate for the CXMT-USDC perpetual contract on Hyperliquid was -0.1775%, according to BlockBeats. That works out to an annualized funding rate of about -1552.44%.
A negative funding rate means traders holding short positions pay funding to longs. At the current rate, a trader running a CXMT short with a notional value of 10,000 USDC would owe about 17.75 USDC at each funding settlement.
If the rate were to remain at that level over time, the annualized funding cost would reach roughly 1552%. In theoretical terms, a trader holding a $10,000 short position for one year would pay more than $150,000 in funding fees.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
