UNITREE perpetual contracts are showing unusually negative funding as reference rates widened to -0.3345% per hour for xyz:UNITREE and -0.4068% for para:UNITREE, according to BlockBeats. The rates were marked as unsettled when reported.
Shorts face elevated funding payments
Using a static $10,000 notional, the reported reference rates imply the next settlement would transfer about $33.45 and $40.68 from shorts to longs, respectively. The source headline describes the hourly rates as above 3,000% annualized; that figure reflects a simple annualization of the reported hourly snapshot.
BlockBeats said the largest UNITREE long held 89,507.4 contracts worth about $8.8668 million. Hyperliquid funding records reportedly showed the account collected about $26,600 in the 11:00 settlement and roughly $83,000 over the latest 24 settlements. The source did not identify the account or explain what the xyz and para contract labels represent.
Read the English BlockBeats flash (original Chinese: BlockBeats flash).