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CL — funding rate on Binance
Binance · CLUSDT-0.012%per 4h · -0.003%/hlongs receive
last settlement-0.021%→upcoming payout-0.012%• unchanged
3:30:33settlement
0calmheat
Price (mark)
86.04
-4.5% 24h
Vol 24h
$1.2B
Open interest
—
Price move in 2 min
—
avg 7d
-0.003%/h
avg 30d
-0.002%/h
Price and skew
Liquidations
24h$1.3M
$1.3M longs$33K 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)
- $0.31 · $0.08/hour
- Net snipe per settlement
- $-3.69 = 0.012% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.08×needs 0.160%+ per settlement
- Liquidation price
- 69.2622 (−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 (1)
before cut-off · 5m · the snipe window (1)
avg+0.79%
max+0.79%
after · 5m
avg-1.34%
max-1.34%
before cut-off · 15m
avg+1.15%
max+1.15%
after · 15m
avg-0.82%
max-0.82%
Context and comparison
Funding history · 542 settlements
CL on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| OKX | -0.015% / 4h | -0.004%/h | longs | -0.145% |
| Binance ← you are here | -0.012% / 4h | -0.003%/h | longs | -0.148% |
| Bitget | -0.000% / 4h | -0.000%/h | longs | -0.160% |
| Bybit | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
OKX-0.004%/h
longsrate -0.015% / 4hsnipe -0.145%
Binance← you are here-0.003%/h
longsrate -0.012% / 4hsnipe -0.148%
Bitget-0.000%/h
longsrate -0.000% / 4hsnipe -0.160%
Bybit0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Max spread across exchanges: +0.004%/h
CL across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
Bitgetevery 4hBinanceevery 4hOKXevery 4hBybitevery 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
0.0009%/h
widest spread
0.0227%/h
06.11 21:00 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.