CXMT Hits Extreme Funding Rate -0.21%/Hour, 1 Short Position Accounts for 30% of Total Platform Positions

According to Hyperinsight monitoring, CXMT is currently trading at $7.73, up approximately 4.15% in 24 hours. However, its current hourly funding rate has dropped to -0.2139%, while the actual settlement rate for the previous hour was -0.1212%, with the absolute value of the negative rate further expanding by 76.5%. If the current rate remains unchanged, holding a $10,000 CXMT short position requires paying approximately $21.4 in funding fees per hour, accumulating to about $171.1 over 8 hours, and approximately $513.4 over 24 hours.