The Longhedge Capital Fund's TOP 1 beneficiary has received a "monthly salary" of $2.2 million, with the potential for a future monthly return of up to 73%.

BlockBeats News, August 18th, according to TradingBeats monitoring, Longxin Storage (CXMT)’s largest bull 0x9a80 has been continuously holding a position for about 34 days since July 15th. Currently, the whale is long on 1.531 million CXMT with 5x leverage, with a position value of approximately $13.221 million, an average entry price of $6.62, and an unrealized gain of about $3.093 million.

During this holding period, the whale has accumulated a net funding fee of about $2.198 million and a total profit of about $5.458 million, with approximately 40% contributed by the funding fee.

Based on the current margin, the whale's 34-day comprehensive return rate is approximately 269.5%. Notably, it has already earned 108.5% of the standard margin only from the funding fee, corresponding to a 30-day funding fee return of about 95.8%.

In the past 30 days, the hourly funding fee accumulation for CXMT was about -17.8%. If the position remains unchanged, a 1x long position can achieve a nominal return of approximately 17.82% solely from the funding fee.

Moreover, the negative fee rate is still ongoing. As of the time of publication, the CXMT funding fee rate is about -0.1023% per hour. If a static extrapolation is performed, the monthly funding fee income could reach about 73.7%.

Currently, the total open interest value of CXMT in the market is approximately $66.904 million. On the other side, the largest short position held by 0xf292 is about $25.05 million, accounting for approximately 37.4% of the open interest, with a cumulative net payment of about $3.865 million in funding fees since opening the position. In the context of CXMT's long-term negative fee rate environment, this whale is continuously "paying salaries" to the entire long camp, with 0x9a80 being the biggest beneficiary.