A significant short position on WTI crude oil, held by entity 0x63c on the Hyperliquid platform, is valued at $30 million. Despite the negative funding rate in the crude oil market, this position generates a daily funding fee income of $388,000, translating to an annualized income of $142 million. However, due to fluctuations in crude oil prices, the position has incurred an unrealized loss of $2 million.