A trading address holding a $4.94M long position in Hynix is currently down $1.6034 million in unrealized losses, paying about $472 per hour in funding fees.

After its last addition on July 15, the address has made no moves for 9 days.
The position hasn’t been liquidated yet, but in the past 28 days, the funding fees paid have already reached $198.2k.
This trade took place on Hyperliquid’s SKHX mapped contract, using 3x full margin. The position began building on June 26. The first buy was at $1,898.5, and it kept adding as prices fell.
After four add-ons, the holdings reached 4,034 shares, and the average entry price dropped to $1,622.6, with a liquidation price at $923.67.
This address previously went long on Micron, Marvell, and AI chip company Cerebras—three large transactions combined earned about $494.5k. Now, just the funding fees from this Hynix position alone have consumed 40% of the prior trading profits.