Extreme negative funding rates, crowded shorts: Unitree's tens of millions of dollars in liquidation pain points revealed

BlockBeats news, October 26 - According to TradingBeats monitoring, the perpetual contract for UNITREE on Hyperliquid has once again shown a structure where "price increases coexist with extreme negative funding rates." Extremely deep negative rates indicate that shorts are highly active, even willing to pay high interest to maintain short positions, which often serves as fuel for a long squeeze.

As of press time, the UNITREE contract deployed by Trade.xyz is quoted at $98.48, having risen to $104.61 today before falling back about 5.85%.

Annualized negative funding rate exceeds 1900%

Currently, the willingness to pay for shorting is extremely strong. The actual settled hourly funding rate at 14:00 was −0.226%, the lowest since October. The cumulative rate over the past 24 rounds is about −0.6819%, with an estimated annualized funding rate exceeding 1900%.