Bitunix funding extremes, Nov 3, 2026: BMT shorts pay 0.51% every 4 hours, the steepest of 753 perps
Key takeaway
Funding is where crowded trades show up first, so tonight we pulled the current rate on all 753 live USDT perpetuals on Bitunix at 5:14 PM ET. One market stands far away from the rest.
The outlier: BMT
BMT funding sits at -0.5138% per 4-hour interval, which means shorts are paying longs. On a 1,000 USDT short that is about 5.14 USDT at the next settlement (7:00 PM ET). If the rate held for a full day, six settlements would cost roughly 30.8 USDT, about 3.1% of the position, before any price move. The mark price (0.02582) is also about 1% under the index (0.02609), another sign the perp is leaning short.
Most negative (shorts pay longs)
| Perp | Rate | Interval |
|---|---|---|
| BMT | -0.5138% | 4h |
| 1000CAT | -0.2495% | 4h |
| ERA | -0.2004% | 4h |
| LSK | -0.1258% | 4h |
| T | -0.1068% | 4h |
| GTC | -0.1013% | 4h |
Most positive (longs pay shorts)
| Perp | Rate | Interval |
|---|---|---|
| KSTR | +0.2336% | 8h |
| USDEX | +0.1461% | 8h |
| CLO | +0.1117% | 4h |
| TAC | +0.1112% | 4h |
| GUA | +0.1100% | 4h |
| B2 | +0.0999% | 4h |
Why the interval column matters
KSTR tops the positive side, but it settles every 8 hours. CLO settles every 4, so its 0.1117% works out to about 0.22% per 8 hours, almost the same carry as KSTR. On the other side, 1000CAT's -0.2495% every 4 hours is roughly -0.50% per 8 hours, more than double KSTR's rate in size. Comparing raw numbers without the interval hides that.
What we'd take from it
- Deeply negative funding on a small coin often means a lot of people are short at once. That can fuel a squeeze if price pushes up, so shorts there are paying to wait.
- A high positive rate is a cost for longs, not a buy signal. Holding a KSTR long through a full day at this rate costs about 0.70%.
- These rates reset every interval and can flip quickly. Treat this as a 5:14 PM ET snapshot, not a forecast.
Not financial advice.
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