Trader CBB Buys $10.55 Million in HYPE Spot and Shorts $10.55 Million for 1:1 Hedge

Trader CBB's associated sub-account has cumulatively purchased 125,492.4 HYPE spot since September 1 at 00:45, totaling approximately $10.55 million with a weighted average price of $84.073. At the same time, the account has added a short position of 125,458.02 HYPE perpetual contracts in a 10x cross mode, with a position size of about $10.55 million and an entry price of $84.111. The quantities and amounts of the two legs are almost perfectly matched, forming an approximate 1:1 hedge between spot and futures. Currently, the funding rate for HYPE is positive, with longs paying funding fees to shorts; this account has received about $1,818.6 in funding fees through the perpetual short position. This strategy utilizes borrowed funds to enhance capital efficiency, and the account has enabled combined margin, with approximately 190,538 HYPE as the asset side, borrowing about $7.56 million in USDC, leaving a USDC balance of approximately -$5.96 million. The main account has net transferred in about $10 million this round, with the remaining spot exposure primarily financed through USDC borrowing. The main account address is 0x49e96e255ba418d08e66c35b588e2f2f3766e1d0, and the trading sub-account address is 0x642ed9529b2c4fc33da54d1005b6aa12aefdf814.