CXMT: Short Trader Loses $3.82M to Funding Fees
CXMT short by 0xf292 on $26.13M position racks up $3.82M funding fees plus $7.26M unrealized losses, showing perpetual contract bleed even in flat markets.
SourceAnalysis
0xf292 remains short 2.9M $CXMT valued at $26.13M and sits more than $11M underwater after $7.26M unrealized losses and $3.82M in funding fees accrued solely to keep the position open, a classic illustration of how perpetual futures drain capital during sideways action and why traders tracking CXMT price prediction must factor ongoing carry costs into any crypto market crash scenario.
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