【Unitree's share price surges to 700 yuan; shorts lose $26,000 per hour】
Unitree's share price has soared, and humanoid-robot concept stocks are rallying across the board. The funding rate for the $UNITREE contract has plunged to around -0.4% per hour. The biggest long earned about $26,600 in an hour, while shorts have to keep paying just to hold their positions—a thrilling ride for both sides.
Mainland Chinese investors are betting on the robotics industry's prospects, while on-chain traders are aggressively shorting the contracts. The more extreme the negative funding rate, the higher the cost of holding a short position. If prices keep rising, short sellers buying back to close their positions could push the market even higher. However, the combined notional open interest in the two contracts is about $31.31 million, and the mark price is about 5.1% below the oracle price, indicating that opinions remain sharply divided.
If you're going long, don't focus only on how much funding you've collected. Unitree's trailing P/E ratio has reached 465x, far above the industry average of 38.54x, and the company has also cautioned that humanoid robots are still at an early stage of commercialization. In the short term, the question is whether shorts can withstand the costs; further out, it is whether real-world industry adoption can justify the valuation. Funding rates can force a short squeeze, but they can't deliver earnings on the company's behalf.
Unitree's share price has soared, and humanoid-robot concept stocks are rallying across the board. The funding rate for the $UNITREE contract has plunged to around -0.4% per hour. The biggest long earned about $26,600 in an hour, while shorts have to keep paying just to hold their positions—a thrilling ride for both sides.
Mainland Chinese investors are betting on the robotics industry's prospects, while on-chain traders are aggressively shorting the contracts. The more extreme the negative funding rate, the higher the cost of holding a short position. If prices keep rising, short sellers buying back to close their positions could push the market even higher. However, the combined notional open interest in the two contracts is about $31.31 million, and the mark price is about 5.1% below the oracle price, indicating that opinions remain sharply divided.
If you're going long, don't focus only on how much funding you've collected. Unitree's trailing P/E ratio has reached 465x, far above the industry average of 38.54x, and the company has also cautioned that humanoid robots are still at an early stage of commercialization. In the short term, the question is whether shorts can withstand the costs; further out, it is whether real-world industry adoption can justify the valuation. Funding rates can force a short squeeze, but they can't deliver earnings on the company's behalf.