UNITREE Short Squeeze Overtakes Largest Long Position, Whales Enjoy Up to 96% Monthly Funding Rate Gain

BlockBeats News, August 24, according to TradingBeats (formerly Hyperinsight) monitoring, UNITREE is currently trading at $90.38. It has dropped by approximately 8.2% in the past 24 hours. As the price continues to fall, the short interest of UNITREE has further increased. Its current hourly funding rate is about -0.0442%. The accumulated funding rate in the past 24 hours is about -0.1275%, compared to only -0.0165% in the previous 24 hours. The absolute value of the negative rate has expanded to about 7.7 times.

The largest long position, 0x6910, is currently 3x leveraged long on 45,500 UNITREE, with a position value of about $4.108 million. The average entry price is $110, with an unrealized loss of about $0.892 million, representing a return rate of approximately -53.5%. The liquidation price is $67.83.

Since establishing the long position, the holder has accumulated approximately $70,900 in funding fees. After deducting this amount, the $0.892 million unrealized loss still has about $0.821 million uncovered. Based on the current rate, the holder can earn approximately $44,100 per day and about $1.322 million per month in static funding fees. The corresponding static monthly return rate is about 96.6%. It will take approximately 18.6 days to recover all current losses.

For comparison, CXMT is currently priced at $8.43, with a 1.7% decrease in the past 24 hours. The current hourly funding rate is about -0.0605%, and the absolute value of the negative rate is about 1.37 times that of UNITREE.