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INIT — funding rate on Binance
Binance · INITUSDT-0.564%per 4h · -0.141%/hlongs receive
last settlement-0.093%→upcoming payout-0.564%▲ heating up
1:58:51settlement
23warmheat
Price (mark)
0.13984
-1.2% 1h+14.7% 24h
Vol 24h
$33.1M
Open interest
$6.0M+2% vs 7d median
Price move in 2 min
+2.00%
avg 7d
-0.003%/h
avg 30d
-0.000%/h
Orderbook · nearest wallssnapshot 3 min ago
Support below (bid)
no large walls within ±10%
Price now
0.13984
Resistance above (ask)
+0.08%
0.139955·$16K×6 median
Depth screenerPRO · open for now
observation window 1 day · snapshot 3 min ago
Support below (bid)
no large walls within ±10%
Resistance above (ask)
+0.08%0.139955$16K×6 median
broke through 1 of 1 times
+4.40%0.146$36K×14 median
price never reached it
+6.91%0.149497$14K×5 median
price never reached it
+7.28%0.150014$15K×6 median
price never reached it
+8.11%0.151176$28K×11 median
price never reached it
Price and skew
Price and settlements
287 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Liquidations
24h$36K$7K in an hour · ×5.8 the background
$25K longs$11K shorts
Longs were wiped — 70% of the total. $7K over the last hour.
Imbalance dynamicsPRO · open for now
now $6.0M·series over 9h 16m·event alive for 1h 1m
now $6.0M·series over 9h 16m·event alive for 1h 1m
positions are unwindingthe exit phase: entering now bets on what's left of the move
OI, INITpricesettlements · 4h
over the seriesover the last hourpositions-1.3%-3.7%price+1.8%-1.1%
Event life curvePRO · open for now
Appears once the event closes: the curve is built from finished ones only.
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $14.1 · $3.53/hour
- Net snipe per settlement
- $10.1 = 0.564% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 3.53×needs 0.160%+ per settlement
- Liquidation price
- 0.112571 (−19.50% from price)
- Risk at this leverage
- low risk— price moved up to +2.00% in 2 min
- Max “green” leverage
- 15x
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-1.39%
max-1.39%
after · 5m
avg-1.61%
max-1.61%
before cut-off · 15m
avg-0.93%
max-0.93%
after · 15m
avg-2.94%
max-2.94%
Settlement profilePRO · open for now
Building from upcoming settlements: 1 of 3 captured. Each one is added within fifteen minutes of the payout.
Context and comparison
Funding history · 546 settlements
INIT on 5 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit | -0.865% / 4h | -0.216%/h | longs | +0.705% |
| Hyperliquid | -0.151% / 1h | -0.151%/h | longs | -0.009% |
| Binance ← you are here | -0.564% / 4h | -0.141%/h | longs | +0.404% |
| Bitget | -0.291% / 4h | -0.073%/h | longs | +0.131% |
| OKX | -0.149% / 4h | -0.037%/h | longs | -0.011% |
Bybit-0.216%/h
longsrate -0.865% / 4hsnipe +0.705%
Hyperliquid-0.151%/h
longsrate -0.151% / 1hsnipe -0.009%
Binance← you are here-0.141%/h
longsrate -0.564% / 4hsnipe +0.404%
Bitget-0.073%/h
longsrate -0.291% / 4hsnipe +0.131%
OKX-0.037%/h
longsrate -0.149% / 4hsnipe -0.011%
Max spread across exchanges: +0.179%/h
INIT across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
5 exchanges on one timeline
OKXevery 4hBitgetevery 4hBybitevery 4hBinanceevery 4hHyperliquidevery 1hrate 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
0.0063%/h
widest spread
0.252%/h
09.11 09:00 UTC · Bitget ↔ 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 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.