Prices are rising, but shorts are losing more and more—the funding rate for the $UNITREE contract on Binance has become absurdly expensive.
The funding rate for one 4-hour settlement period on Binance’s UNITREEUSDT perpetual contract came in at -1.12% today, widening to -1.16% before publication. A negative rate means shorts pay longs. Simply annualized, that works out to -2452.8%—a mathematical calculation based on the current rate staying unchanged, not a prediction. The rate can change at any time.
For comparison, earlier the 4-hour rate on the same contract was -0.7775%. At that level, a $10,000 short position would pay about $467 a day in funding alone.
Cross-platform data tells a similar story: JustScreener’s average funding rate across six platforms was around -1.30%, also meaning shorts pay, while the contract price rose about 6% over 24 hours.
What this means: Prices are rising while shorts keep adding to their positions, pushing the funding rate to these levels. Shorts aren’t paying a one-off cost—they’re bleeding continuously, with settlements every 4 hours. The longer they hold, the more of their capital gets eaten up by funding costs. On the other hand, such an extreme rate also signals a one-sided market; if the rate converges, the crowded side could unwind quickly. If you’re watching this contract, the funding rate itself is worth checking before the price.
Data as of: 2026-10-26 06:30 UTC
For informational purposes only; this is not investment advice.
The funding rate for one 4-hour settlement period on Binance’s UNITREEUSDT perpetual contract came in at -1.12% today, widening to -1.16% before publication. A negative rate means shorts pay longs. Simply annualized, that works out to -2452.8%—a mathematical calculation based on the current rate staying unchanged, not a prediction. The rate can change at any time.
For comparison, earlier the 4-hour rate on the same contract was -0.7775%. At that level, a $10,000 short position would pay about $467 a day in funding alone.
Cross-platform data tells a similar story: JustScreener’s average funding rate across six platforms was around -1.30%, also meaning shorts pay, while the contract price rose about 6% over 24 hours.
What this means: Prices are rising while shorts keep adding to their positions, pushing the funding rate to these levels. Shorts aren’t paying a one-off cost—they’re bleeding continuously, with settlements every 4 hours. The longer they hold, the more of their capital gets eaten up by funding costs. On the other hand, such an extreme rate also signals a one-sided market; if the rate converges, the crowded side could unwind quickly. If you’re watching this contract, the funding rate itself is worth checking before the price.
Data as of: 2026-10-26 06:30 UTC
For informational purposes only; this is not investment advice.
