← radar
+0.007%per 8h · +0.001%/hshorts receive
last settlement+0.006%→upcoming payout+0.007%• unchanged
51:52settlement
1calmheat
Price (mark)
73,555.7
-0.4% 1h-2.0% 24h
Vol 24h
$12.4B
Open interest
$7.3B+0% vs 7d median
Price move in 2 min
+0.14%
avg 7d
+0.001%/h
avg 30d
+0.001%/h
Price and skew
Price and settlements
287 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Liquidations
24h$54.4M
$44.6M longs$9.8M shorts
Longs were wiped — 82% of the total. $156K over the last hour.
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $0.18 · $0.02/hour
- Net snipe per settlement
- $-3.82 = 0.007% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.05×needs 0.160%+ per settlement
- Liquidation price
- 87,899.1 (+19.50% from price)
- Risk at this leverage
- low risk— price moved up to +0.14% in 2 min
- Max “green” leverage
- 109x
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.
Context and comparison
Funding history · 270 settlements
BTC on 8 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Hyperliquid | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| Bitget | +0.010% / 8h | +0.001%/h | shorts | -0.150% |
| Bybit | +0.010% / 8h | +0.001%/h | shorts | -0.150% |
| OKX | +0.009% / 8h | +0.001%/h | shorts | -0.151% |
| Gate | +0.009% / 8h | +0.001%/h | shorts | -0.151% |
| Aster | +0.008% / 8h | +0.001%/h | shorts | -0.152% |
| Binance ← you are here | +0.007% / 8h | +0.001%/h | shorts | -0.153% |
| Bitunix | +0.007% / 8h | +0.001%/h | shorts | -0.153% |
Hyperliquid+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
Bitget+0.001%/h
shortsrate +0.010% / 8hsnipe -0.150%
Bybit+0.001%/h
shortsrate +0.010% / 8hsnipe -0.150%
OKX+0.001%/h
shortsrate +0.009% / 8hsnipe -0.151%
Gate+0.001%/h
shortsrate +0.009% / 8hsnipe -0.151%
Aster+0.001%/h
shortsrate +0.008% / 8hsnipe -0.152%
Binance← you are here+0.001%/h
shortsrate +0.007% / 8hsnipe -0.153%
Bitunix+0.001%/h
shortsrate +0.007% / 8hsnipe -0.153%
Max spread across exchanges: 0.000%/h
BTC across all exchanges: comparison & curves →Rates across exchangesPRO · free in beta
8 exchanges on one timeline
Hyperliquidevery 1hBitgetevery 8hAsterevery 8hBinanceevery 8hBitunixevery 8hOKXevery 8hBybitevery 8hGateevery 8hrate 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
0.0008%/h
widest spread
0.0029%/h
04.11 18:00 UTC · Aster ↔ Hyperliquid
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.