According to BlockBeats, on August 18th, TradingBeats monitoring showed that Changxin Memory Technologies (CXMT)'s largest long position, 0x9a80, has been held for approximately 34 consecutive days since its establishment on July 15th. Currently, it has a long position of 1.531 million CXMT units with 5x leverage, a position value of approximately $13.221 million, an average entry price of $6.62, and a floating profit of approximately $3.093 million.

During the holding period, the whale accumulated a net inflow of approximately US$2.198 million in funding fees and a cumulative profit of approximately US$5.458 million, of which about 40% came from funding fees.

Based on the current margin, its 34-day overall return is approximately 269.5%. Of this, the funding fee alone has earned 108.5% of the standard margin, corresponding to a 30-day funding fee return of approximately 95.8%.

Over the past 30 days, CXMT's hourly funding costs have accumulated to approximately -17.8%. If the position remains unchanged, a 1x long position could generate a nominal return of approximately 17.82% solely from funding costs.

Negative funding rates are currently in effect. As of press time, CXMT's funding rate is approximately -0.1023% per hour. Based solely on static extrapolation, the monthly funding fee return could reach approximately 73.7%.

Currently, the total open interest on CXMT is approximately $66.904 million. On the other hand, the largest short position, 0xf292, holds approximately $25.05 million, representing about 37.4% of the open interest (OI). Since holding this position, it has incurred a net funding fee of approximately $3.865 million. Given CXMT's long-term negative fee environment, this whale is continuously "paying salaries" to the entire long position, with 0x9a80 being the biggest beneficiary.