ME News reports that on July 27 (UTC+8), Hyperliquid’s Shanghai Lishi (SKHX) opened at 8:00 AM Beijing time and quickly declined, reaching a high of $1,250.60 before dropping to a low of $1,171.80, a range decline of 6.30%; it is currently trading at $1,181.90. According to Hyperinsight monitoring, the whale address starting with 0xebe currently holds 33,700 SKHX short positions at 10x leverage, with a position value of approximately $39.9 million, an average entry price of $1,317.10, and a current unrealized profit of about $4.5638 million, yielding a return rate of 102.65%. The liquidation price is $1,938.60. In addition to the current unrealized profit, this whale has previously realized approximately $2.9972 million in profits through partial position closures. During this holding period, it has also accumulated approximately $1.2672 million in funding fees, which alone equals 28.5% of the theoretical principal of the current remaining position. According to Hyperliquid data, the current hourly funding rate for SKHX is approximately 0.0215%. If the rate and position remain unchanged, this whale continues to earn about $8,550 per hour in funding fees. Combining the current unrealized profit, historical realized profits, and funding fee income, the total gross return on this whale’s SKHX short position has reached approximately $8.8282 million. At 10x leverage, the current position corresponds to a theoretical margin of approximately $4.4458 million. The combined unrealized profit and funding fee income total approximately $5.831 million—already 1.31 times the initial margin. When including previously realized profits, the cumulative gross return equals approximately 1.99 times the theoretical initial position principal. The whale’s initial capital input was far below the current position size. On the evening of June 24, it first established SKHX short positions, opening a total of 131.243 shorts with a trade value of approximately $225,500; at 10x leverage, this required only about $22,500 in margin to establish the initial position. Subsequently, this address continuously added to its position, and between 8:00 AM and 9:24 AM today, it added another 620.5 short contracts at an average price of $1,207.70, with a trade value of approximately $749,500. (Source: BlockBeats)
A Hyperliquid short-term whale has realized floating profits of $8.83 million, with gains nearing twice the size of the initial position.
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Summary
Whale trading activity on Hyperliquid generated $8.83 million in gross profit from a major short position. On July 27 (UTC+8), SKHX (SKH) declined 6.30% from $1,250.6 to $1,171.8. A whale with the address 0xebe... held 33,700 short contracts at 10x leverage, representing a $39.9 million position. Unrealized gains amounted to $4.56 million, while realized profits reached $2.99 million. Funding fees contributed an additional $1.26 million. Overall position trading results showed total gains nearly doubling the initial margin of $4.45 million.
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