UNITREE Negative Funding Rate Widens, a Shorting Whale May Liquidate Within 2 Days Solely Due to Funding Costs

BlockBeats News, August 19th, according to TradingBeats (formerly Hyperinsight) monitoring, as of the time of writing, UNITREE's hourly funding rate is approximately -0.3544%, currently paying longs from shorts. A whale (0xfe4) has realized unrealized gains at a peak position, currently holding a short position worth about $728,000 with 10x leverage, an average entry price of $125.04, a current price unrealized gain of about $58,000, and a liquidation price of around $130.44. Since the position was opened, the position has paid a total of approximately $5,448 in funding fees.

However, if the current rate remains unchanged, the funding fee expenditure is approximately $2,579 per hour, potentially reaching $60,000 per day. After deducting the already paid funding fees, the current price unrealized gain is about $55,000, which could be completely eroded by funding fees in less than a day. In a static scenario, the position may gradually enter the liquidation zone due to continuous payment of funding fees.

The on-chain Perp and address analysis tool TradingBeats is now online, supporting real-time viewing of Hyperliquid data, from address tracing to whale operations, in-depth analysis, all at a glance.