PANews reported on September 20 that according to on-chain analyst Yu Jin's monitoring, the whale/institution that purchased ASTER for 7.5 million USDT was not nakedly long ASTER. An associated wallet of this address performed hedging or funding fee arbitrage operations on Hyperliquid: it shorted 6.486 million ASTER with 3x leverage (the same amount as the spot purchase). This should be a hedging or arbitrage of funding fees (the current rate on Hyperliquid is positive, that is, longs pay shorts for funding fees, and the annualized rate is as high as 450%).PANews reported on September 20 that according to on-chain analyst Yu Jin's monitoring, the whale/institution that purchased ASTER for 7.5 million USDT was not nakedly long ASTER. An associated wallet of this address performed hedging or funding fee arbitrage operations on Hyperliquid: it shorted 6.486 million ASTER with 3x leverage (the same amount as the spot purchase). This should be a hedging or arbitrage of funding fees (the current rate on Hyperliquid is positive, that is, longs pay shorts for funding fees, and the annualized rate is as high as 450%).
The whale/institution that purchased ASTER for 7.5 million USDT is suspected of hedging its short position on Hyperliquid.
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
PANews reported on September 20 that according to on-chain analyst Yu Jin's monitoring, the whale/institution that purchased ASTER for 7.5 million USDT was not nakedly long ASTER. An associated wallet of this address performed hedging or funding fee arbitrage operations on Hyperliquid: it shorted 6.486 million ASTER with 3x leverage (the same amount as the spot purchase). This should be a hedging or arbitrage of funding fees (the current rate on Hyperliquid is positive, that is, longs pay shorts for funding fees, and the annualized rate is as high as 450%).
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
The Financial Action Task Force (FATF) has warned that stablecoins are becoming a primary tool for illicit transactions and called for stronger regulation of their issuers.
PANews reported on March 4th, citing CoinDesk, that the FATF (Financial Action Task Force), the international anti-money laundering standards body, released a report
Share
PANews2026/03/04 08:59
Trump Presses Congress as Stablecoin Tensions Escalate Between US Banks and Crypto Firms
Trump intensifies his push for crypto regulation amid bank and stablecoin disputes in the US. Banks and crypto platforms clash over whether stablecoin yields
Share
Coinstats2026/03/04 08:12
Trump Turns Up the Heat on Banks as CLARITY Act Stalls
President Donald Trump has publicly lashed out at the U.S. banking sector over its opposition to cryptocurrency market structure legislation, escalating what has
Share
Brave New Coin2026/03/04 09:37