Hyperliquid CXMT Funding Rate Hits -0.1775% With Annualized Short Cost Over 1500%

Hyperliquid CXMT perpetual contract funding rate drops to -0.1775%, implying over 1500% annualized cost for short positions, signaling intense bearish positioning.

Woofun AI data shows that the funding rate for the CXMT-USDC perpetual contract on Hyperliquid reached -0.1775% as of July 27. This negative rate corresponds to an annualized figure of approximately -1552.44%, meaning traders holding short positions must pay longs. For a short position with a notional value of 10,000 USDC, the cost per funding interval is roughly 17.75 USDC. If sustained, this equates to annual funding costs exceeding $150,000 on a $10,000 position.