On Hyperliquid, the funding rate for ChangXin Memory Technologies (CXMT) reaches -0.1775%, with annualized short costs exceeding 1500%.

BlockBeats news, as of July 27, Hyperliquid shows the current funding rate for the CXMT-USDC perpetual contract at -0.1775%, which corresponds to an annualized funding rate of about -1552.44%.

A negative funding rate means that short positions must pay funding fees to long positions. Simply put, if a trader holds a CXMT short position with a notional value of 10 thousand USDC, based on the current funding rate, they would need to pay about 17.75 USDC for each funding settlement; if this rate remains over time, the annualized funding cost would reach approximately 1552%, meaning that theoretically, holding a 10 thousand USDC short position for one year would require paying more than 150 thousand USDC in funding fees.