长鑫多头资金费预期年化收益达2130%，巨鲸单日便可净赚74万美元收益

Odaily News According to Hyperinsight monitoring, Changxin's current hourly funding rate has dropped to -0.2430%. A negative funding rate means shorts pay longs; based on a static calculation at the current rate, the simple annualized yield is approximately 2129%.

For a position of $10,000, the short side would need to pay approximately $24.3 per hour, while the long side receives an equivalent amount; if the rate persists for 24 hours, the corresponding funding fee would be around $583.3.

The largest CXMT long, starting with 0x9a8, is the primary beneficiary of this negative funding rate cycle. Records show that since the morning of July 15, it has completed 183 CXMT funding fee settlements, with cumulative net income of approximately $991,400, representing a return of about 45.9% on its initial position capital.

The whale is currently long 1.6332 million CXMT with 5x isolated margin, with a position value of approximately $12.742 million and an average entry price of $6.6156. CXMT is currently trading at $7.80, giving the position an unrealized profit of approximately $1.938 million (89.7%), with a liquidation price of only $0.507.

Based on a static calculation using the current position and the -0.2430% funding rate, the whale is expected to receive approximately $31,000 in funding fees in the next hour; if sustained continuously for 24 hours, this would correspond to approximately $743,000.

The whale currently has 7 non-"reduce-only" buy orders placed between $6.01 and $6.41, planning to continue purchasing 98,000 CXMT with a notional value of approximately $609,000, and has not yet chosen to cash out its existing long position.