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BTW — funding rate on Binance
Binance · BTWUSDT+0.057%per 4h · +0.014%/hshorts receive
last settlement+0.053%→upcoming payout+0.057%• unchanged
40:38settlement
1calmheat
Price (mark)
1.2207
+17.4% 24h
Vol 24h
$206.4M
Open interest
—
Price move in 2 min
—
avg 7d
+0.014%/h
avg 30d
+0.010%/h
Price and skew
Price and settlements
288 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $1.41 · $0.35/hour
- Net snipe per settlement
- $-2.59 = 0.057% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.35×needs 0.160%+ per settlement
- Liquidation price
- 1.4587 (+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.
Context and comparison
Funding history · 545 settlements
BTW on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit | +0.124% / 4h | +0.031%/h | shorts | -0.036% |
| Binance ← you are here | +0.057% / 4h | +0.014%/h | shorts | -0.103% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Bybit+0.031%/h
shortsrate +0.124% / 4hsnipe -0.036%
Binance← you are here+0.014%/h
shortsrate +0.057% / 4hsnipe -0.103%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.030%/h
BTW across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Bybitevery 4hBinanceevery 4hBitgetevery 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
0.0108%/h
widest spread
0.0955%/h
24.09 21:00 UTC · Bybit ↔ Bitget
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.