Yushu Token climbs as funding rate quickly turns negative, with the largest long position holders still facing losses of over $1 million.

According to TradingBeats monitoring, the perpetual contract for Unitree (UNITREE) on Hyperliquid is priced at $69.796, up roughly 10.94% in the past 24 hours, with a trading volume of around $12.83 million and an open interest nominal value of approximately $18.5 million over the same period. On the news front, the 2026 Physical AI and World Model Conference will be held in Nanjing from October 19 to 22, with plans to release related technical achievements and hold project signings, bringing a new event-driven focus to the embodied intelligence sector. Earlier, Unitree founder Wang Xingxing stated at the Industrial Expo on October 12 that embodied intelligence technology could make significant progress in the next one to two years, though large-scale deployment of robots in factories still requires improvements in generalization ability and operational efficiency. Amid the price rebound, the funding rate has quickly turned negative. UNITREE’s actual settlement rates at 10:00 and 11:00 today were about -0.0850% and -0.1249% respectively, with shorts paying longs in both rounds, totaling -0.2099% for the two sessions; the cumulative rate over the past 24 hours is around -0.1883%, and the current estimated hourly funding rate remains at -0.0744%. Meanwhile, UNITREE’s mark price is approximately 1.19% lower than the oracle price, meaning the contract is still in a discount state. Unitree’s largest long holder (0x6910) currently holds about 89,500 UNITREE long positions, valued at roughly $6.289 million with an average entry price of $89.46, resulting in an unrealized loss of around $1.7187 million. The position’s price is still about 22% below the average entry price and has not yet returned to the cost line.