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BTW — funding rate on Binance
Binance · BTWUSDT-0.060%per 4h · -0.015%/hlongs receive
last settlement-0.073%→upcoming payout-0.060%• unchanged
49:09settlement
1calmheat
Price (mark)
1.0456
-8.1% 24h
Vol 24h
$22.9M
Open interest
—
Price move in 2 min
—
avg 7d
-0.002%/h
avg 30d
-0.037%/h
Price and skew
Liquidations
24h$7K$922 in an hour · ×3.3 the background
$7K longs$465 shorts
Longs were wiped — 94% of the total. $922 over the last hour.
Event life curvePRO · open for now
Across 4 closed events of this pair: a typical one lives 11h 37m, the peak usually lands at minute 115–120
median across 4 eventsmedian peak minute
at later minutes only long-livers remain in the sample — the curve is conditional, not «acceleration»
How they ended: funding covered the adverse price move in 2 of 4 cases
median — 1.88% accrued against a 3.50% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $1.49 · $0.37/hour
- Net snipe per settlement
- $-2.51 = 0.060% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.37×needs 0.160%+ per settlement
- Liquidation price
- 0.841747 (−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 (30)
before cut-off · 5m · the snipe window (30)
avg+0.45% | -0.60%
max-1.88%
after · 5m
avg+0.39% | -1.72%
max-7.03%
before cut-off · 15m
avg+0.75% | -1.18%
max-5.83%
after · 15m
avg+0.80% | -2.74%
max-12.33%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 26.10 16:00 | -1.742% | -5.83% | -9.48% |
| 26.10 12:00 | -1.231% | -0.24% | -3.72% |
| 26.10 08:00 | -0.405% | -0.71% | -3.54% |
| 26.10 04:00 | -0.412% | -0.55% | -0.45% |
| 26.10 00:00 | -0.704% | -0.33% | -0.25% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 30 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 546 settlements
BTW on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance ← you are here | -0.060% / 4h | -0.015%/h | longs | -0.100% |
| OKX | -0.035% / 4h | -0.009%/h | longs | -0.125% |
| Bybit | -0.017% / 4h | -0.004%/h | longs | -0.143% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Binance← you are here-0.015%/h
longsrate -0.060% / 4hsnipe -0.100%
OKX-0.009%/h
longsrate -0.035% / 4hsnipe -0.125%
Bybit-0.004%/h
longsrate -0.017% / 4hsnipe -0.143%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.016%/h
BTW across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
Bitgetevery 4hOKXevery 4hBybitevery 4hBinanceevery 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
0.0020%/h
widest spread
0.0360%/h
09.11 01:00 UTC · Bitget ↔ 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 long 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 long 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.