Abraxas Capital Records $301M in Full-Cycle Profits on Hyperliquid, With $33.83M From Funding Rates Alone

HYPE0.76%
BTC-4.19%
ETH-4.2%
According to Hyperinsight monitoring on June 4, Abraxas Capital, a major short seller on Hyperliquid, has accumulated full-cycle profits of $301 million. The fund earned $33.83 million in cumulative profits from funding rate settlements across all short positions (including BTC, ETH, and other assets), with current total short exposure of approximately $141 million. The institution holds roughly $47.3 million in HYPE spot positions and approximately $63 million in HYPE short contracts.
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