CXMT Funding Rate Drops to -0.24%, Whale Earns $743k Daily

Negative funding rate yields 2129% annualized for longs. A major whale accumulates $991k in fees, holding a $12.7M position with plans to add more exposure.

Woofun AI data shows that CXMT's hourly funding rate has fallen to -0.2430%, resulting in an annualized yield of approximately 2129% for long positions. Under this negative rate structure, short sellers pay longs, with a $10,000 position generating roughly $583 in daily fees if the rate holds.

A leading whale address, starting with 0x9a8, has accumulated $991,400 in net funding income since July 15, representing a 45.9% return on initial capital. The entity currently holds a $12.742 million long position with 5x leverage and an unrealized profit of $1.938 million, with a liquidation price of $0.507. With 7 buy orders placed between $6.01 and $6.41, the whale intends to add 98,000 CXMT, potentially earning $743,000 in daily fees from the current position.