Unitree's rise is accompanied by a rapid turn to negative funding rates, and the largest long position has yet to return to its cost basis.

BlockBeats news, October 19 - According to TradingBeats monitoring, the UNITREE perpetual contract on Hyperliquid is trading at $69.796, up approximately 10.94% in the past 24 hours, with a trading volume of about $12.83 million during the same period and a notional open interest of approximately $18.5 million.

On the news front, the 2026 Physical AI and World Model Conference is being held in Nanjing from October 19 to 22, where related technological achievements are planned to be released and project signings held, bringing a new event attention window for the embodied intelligence sector. Previously disclosed, Unitree founder Wang Xingxing stated on October 12 at the Industry Expo that embodied intelligence technology may make significant progress in the next one to two years, but large-scale deployment of robots in factories still requires improvements in generalization capability and operational efficiency.

Amid the price rebound, funding rates quickly turned negative. UNITREE's actual settlement rates at 10:00 and 11:00 today were approximately −0.0850% and −0.1249% respectively, both paid by shorts to longs, with a cumulative two-round total of approximately −0.2099%; the cumulative rate over the past 24 hours was approximately −0.1883%. The current estimated hourly funding rate remains at −0.0744%.

Meanwhile, UNITREE's mark price is approximately 1.19% lower than the oracle quote, and the contract remains in a discount state. Unitree's largest long position (0x6910) currently still holds approximately 89,500 UNITREE long contracts valued at about $6.289 million, with an average entry price of $89.46, showing an unrealized loss of approximately $1.7187 million. The position price is still about 22% below the average entry price and has not yet returned to the cost basis.