CXMT short whale closes position with $10.98M loss on Hyperliquid
- —Total loss of $10.98M: $5.8M from price and $5.18M from funding
- —Short opened at $6.5 before listing, closed at $8.5 two months later
- —Funding fees made up about 47% of the total loss
- —CXMT is a stock-linked perpetual contract on Hyperliquid, not the stock itself
Why it matters: It highlights how funding costs can compound losses on stock-linked perpetuals, a growing segment on Hyperliquid.
Source: TokenPost