CXMT's funding rate once approached -0.59% per hour, with short positions on-chain remaining significantly dominant.

According to Hyperinsight monitoring, CXMT’s predicted funding rate once dropped to -0.5887% per hour. A negative funding rate means short positions pay long positions: for a $10,000 notional position, the hourly cost for a short order is roughly $58.9, totaling about $471 over 8 consecutive hours. As of press time, the predicted rate has rebounded to -0.4731% per hour, corresponding to an hourly payment of around $47.3 for a $10,000 short position. This figure remains unsettled; if it holds until settlement, it will be lower than the previous all-time low settled rate of -0.3746%. The average settled rate over the past 24 hours is approximately -0.0813%, translating to a total payment of about $195 for a $10,000 short position. CXMT’s current mark price is around $6.72, a discount of roughly 6.6% from its oracle price of $7.19, with a 24-hour trading volume of about $166 million. Among large holders with positions exceeding $1 million, there are 6 long addresses and 5 short addresses, resulting in an address long-short ratio of 1.2:1. However, the total value of long and short positions stands at roughly $18.122 million and $25.438 million respectively, with short positions still 40.4% larger. The weighted average entry price for long positions is around $6.58, with the latest liquidation line at $6.24, 6.9% lower than the current price of approximately $6.70.