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L lookonchain
Lookonchain
@lookonchain

Insane! Whale 0xf292, who is 1x short 2.9M $CXMT($22.57M), has already paid more than $3.4M in funding fees. That's ~$170K in funding fees on average every day. x.com/lookonchain/status/20845… x.com/lookonchain/status/20874…

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The $CXMT mega bear 0xf292 has now paid more than $2.04M in funding fees. As $CXMT keeps rising, the whale is now down $4.3M on the short position. Liquidation price: $15.8 https://hypurrscan.io/address/0xf2925cb0779a741fe33037cbd88fca5382e41244#txs https://x.com/lookonchain/status/2084511609079443877/photo/1

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L CryptoLara_
L A R A ♡ @CryptoLara_ ·

@lookonchain That's a significant amount in fees

S Sumex_Labs
SUMEX | Web3 SuperApp @Sumex_Labs · 60K

@lookonchain even a full return to entry still leaves the position underwater.

X ojj_joj
X Farmer @ojj_joj ·

@lookonchain That funding bill is absolutely brutal. 😳💸 Paying over $3.4M in funding just to keep a $22.6M short open shows how expensive it can be to stay on the wrong side of a crowded trade. 📉 The position may be profitable on paper, but the funding bleed is insane.

I icefrog_sol
icefrog.◎ @icefrog_sol ·

@lookonchain Paying to be wrong

G gksolanky
Gk @gksolanky ·

@lookonchain he must have opened 1x short to pocket funding but well the table is flipped

G GutsPoly
GutsPolyArc @GutsPoly ·

@lookonchain bro is single-handedly funding the shorts pool at this rate the fees alone are a bigger business than some protocols

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A apolovecrypto
apolove @apolovecrypto ·
E holopololo1
EthereumHodler0x10 @holopololo1 ·
M MelioHL
Melio @MelioHL · 13K

@lookonchain funding rates are brutal when the market keeps going against you $170k a day just to stay in the trade is wild

J cryptoethlzq
Jeepers Cryptos @cryptoethlzq · 11K

@lookonchain Is this whale just eating the fees hoping for a reversal or is there some other play here?

2
T deniskadir89
T X @deniskadir89 ·

@lookonchain targeted by bots prooly will be liquidated

C CryptoRaiden7
CryptoRaiden @CryptoRaiden7 · 176K

@lookonchain Paying rent to stay wrong. Brutal.

A AliuOgunda44574
Aliu Ogundare (DHAN) @AliuOgunda44574 ·

@lookonchain That really puts funding costs into perspective. Holding a big position isn't just about direction, it's also about carrying the trade. I've been keeping an eye on $CXMT alongside the new perpetual listings on #BingX x.com/AliuOgunda44574/status/2…

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