These are the cumulative 15m markouts for the Fluid ETH/USDC pool.
It has bled out $8.5m in EV, and its trades were unprofitable all the time, not just during rebalances.
There are no profits to make up for the costs from rebalancing. The pool never makes money in expectation.

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Source: The Block
Original Title: Midterms, shutdown risks and negotiations: Can Congress pass a sweeping crypto bill in 2026?
Compiled and edited by: BitpushNews

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Will the US crypto bill pass before the midterm elections?

While numerous whale traders were attempting to buy the dips Bitcoin at the bottom, a mysterious whale stubbornly short against the trend, holding a short position for two months and profiting from the price decline [...]
The article, titled "Funding Fees Become a Money Tree! A Trader Short$12.5 Million in Two Months Shorting Bitcoin, Earning $9.6 Million from BlockTempo Fees Alone," was originally published on BlockTempo, the most influential ABMedia media.

Funding fees have become a cash cow! One trader profited $12.5 million by short Bitcoin in two months, earning a staggering $9.6 million from funding fees alone.

CEO ether.fi believes that neither Bitcoin nor Ethereum are currently truly high-quality currencies, however, he believes that the ultimate form of a superior currency in the future...