BloFin funding-rate extremes, Nov 1, 2026: HOT shorts pay 1.33% every 8 hours

Shorts paying longs (negative funding)

• HOT: -1.3281% per 8h, next settlement 7:00 PM ET. Price is up about 10.1% over 24h (0.0003481 to 0.0003831), yet shorts are still leaning in. 24h volume works out to only about $28K in USDT terms, so this is a thin book.
• COW: -0.2367% per 4h. Down about 14.1% on the day and sitting right at its 24h low of 0.1106.
• Q: -0.1202% per 1h. Hourly funding means 24 settlements a day if the rate holds.
• CSOPSKHYNIX2L (a tokenized stock perp): -0.0571% per 4h.
• FLOCK -0.0566% and SKR -0.0470%, both per 4h.

Longs paying shorts (positive funding)

• PONS: +0.0585% per 4h, with price up about 3.7%.
• SOXS (stock perp): +0.0551% per 8h.
• FIGHT: +0.0403% per 4h.
• COMP, CHZ, XMR: +0.0400% per 8h each.

The same rates in USDT

On a 1,000 USDT position, HOT's current rate moves about 13.28 USDT from shorts to longs every 8 hours. COW is about 2.37 USDT per 4 hours in the same direction. On the other side, PONS longs hand shorts about 0.58 USDT per 4 hours.

Why HOT stands out

HOT's last settled rate (11:00 AM ET) was only -0.0131%. A spike of almost the same size, -1.3317%, settled on Oct 30 at 8:00 PM ET and faded right after. A rate that deep on a pair with small notional volume usually says more about a handful of positions than about the market. For anyone short there, the carry can eat a position fast, and anyone eyeing the long side for the payment should weigh it against a 24h range of 0.0003443 to 0.0003944.

The positive side is mild by comparison: nothing above +0.06% per interval, so outside a few small caps the board looks fairly balanced. Funding resets every interval, so read this as a snapshot of positioning, not a signal. Which of these would you actually trade around?