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2Z — funding rate on Binance
Binance · 2ZUSDT+0.005%per 4h · +0.001%/hshorts receive
last settlement+0.003%→upcoming payout+0.005%• unchanged
3:29:16settlement
0calmheat
Price (mark)
0.01932
-2.1% 24h
Vol 24h
$2.2M
Open interest
—
Price move in 2 min
—
avg 7d
+0.001%/h
avg 30d
+0.001%/h
Price and skew
Liquidations
24h$248
$242 longs$6 shorts
Longs were wiped — 98% of the total. Quiet over the last hour.
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.13 · $0.03/hour
- Net snipe per settlement
- $-3.88 = 0.005% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.03×needs 0.160%+ per settlement
- Liquidation price
- 0.023087 (+19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Settlement window · facts (9)
before cut-off · 5m · the snipe window (9)
avg+0.21% | -0.81%
max-1.71%
after · 5m
avg+1.11% | -1.25%
max-2.41%
before cut-off · 15m
avg+0.53% | -0.93%
max-2.80%
after · 15m
avg+1.60% | -1.59%
max-4.53%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 03.10 16:00 | -0.271% | -0.17% | -0.56% |
| 03.10 12:00 | -0.270% | -0.15% | -1.40% |
| 27.09 08:00 | -0.197% | +0.52% | -1.45% |
| 27.09 04:00 | -0.316% | -0.89% | -0.45% |
| 27.09 00:00 | -0.478% | +0.69% | -2.60% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 9 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 542 settlements
2Z on 5 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance ← you are here | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Hyperliquid | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| OKX | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bybit | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Binance← you are here+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Hyperliquid+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
OKX+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bybit+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: 0.000%/h
2Z across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
5 exchanges on one timeline
Hyperliquidevery 1hBitgetevery 4hOKXevery 4hBinanceevery 4hBybitevery 4hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0016%/h
widest spread
0.0076%/h
03.11 13:00 UTC · Binance ↔ Bybit
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter short before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a short here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.