The CXMT funding rate once approached -0.59%/hour, and the scale of on chain short selling funds is still higher than that of long positions
According to Hyperinsight monitoring, CXMT predicts that the funding rate will drop to -0.5887%/hour at one point. Calculated based on a nominal position of $10000, the hourly cost of empty orders is about $58.9, and it will be about $471 for 8 consecutive hours. The predicted rate will rise to -0.4731% per hour, with a payment of approximately $47.3 per hour for empty orders worth 10000 yuan. The average rate over the past 24 hours is about -0.0813%, with a cumulative payment of approximately $195 per 10000 empty orders. The CXMT tag price is about $6.72, a discount of about 6.6% compared to the $7.19 oracle price, with a 24-hour transaction volume of about $166 million. Among the large holders with positions exceeding $1 million, the long and short positions were approximately $18.122 million and $25.438 million, respectively, with a short position size 40.4% higher. The weighted average position price for long positions is approximately $6.58, with the recent liquidation line at $6.24, which is 6.9% lower than the current level of approximately $6.70.