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Trader 'CBB' bought $10.5 million worth of HYPE spot, completing a 1:1 spot-futures hedge by shorting an equal amount.

2026.09.01 12:17:41

According to TradingBeats monitoring, trader "CBB"-linked sub-accounts have cumulatively purchased 125,492.4 HYPE spot tokens since 00:45 today, for approximately $10.5506 million at a weighted average price of $84.073. Meanwhile, alongside these spot buys, the account added a short position of 125,458.02 HYPE perpetual contracts on 10x cross margin, with a position size of around $10.5524 million and an average entry price of $84.111. The quantity and value of both trade legs almost perfectly align, forming a nearly 1:1 spot-perpetual hedge. Currently, HYPE’s funding rate remains positive, meaning long positions pay funding fees to shorts. The account has received roughly $1,818.6 in funding fees today via its short perpetual position. This strategy also uses borrowing to boost capital efficiency: the account has enabled portfolio margin, holding approximately 190,538 HYPE as assets while borrowing around 7.56 million USDC, resulting in a USDC balance of roughly -$5.96 million. The main account has seen a net inflow of around $10 million this cycle, with the remaining spot exposure primarily funded through USDC borrowing. This address is a sub-account named "2 HYPE DN" under the main wallet 0x49e9. The main account currently holds an additional ~15.696 million USDC and controls multiple related sub-accounts. Main account: 0x49e96e255ba418d08e66c35b588e2f2f3766e1d0; Trading sub-account: 0x642ed9529b2c4fc33da54d1005b6aa12aefdf814 On-chain perpetual and address analysis tool TradingBeats is now live, supporting real-time Hyperliquid data viewing, address-based tracing of whale operations, and comprehensive in-depth analysis.

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