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KERNEL — funding rate on Binance
Binance · KERNELUSDT+0.004%per 4h · +0.001%/hshorts receive
last settlement+0.005%→upcoming payout+0.004%• unchanged
36:01settlement
0calmheat
Price (mark)
0.04482
+5.7% 24h
Vol 24h
$1.6M
Open interest
—
Price move in 2 min
—
avg 7d
+0.001%/h
avg 30d
+0.001%/h
Price and skew
Liquidations
24h$846
$701 longs$145 shorts
Longs were wiped — 83% of the total. $6 over the last hour.
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.11 · $0.03/hour
- Net snipe per settlement
- $-3.89 = 0.004% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.03×needs 0.160%+ per settlement
- Liquidation price
- 0.05356 (+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 (11)
before cut-off · 5m · the snipe window (11)
avg+0.44% | -0.56%
max-1.15%
after · 5m
avg+0.54% | -1.20%
max-2.43%
before cut-off · 15m
avg+1.04% | -0.74%
max-2.38%
after · 15m
avg+0.78% | -0.92%
max-1.76%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 23.09 12:00 | -0.189% | -0.07% | -0.30% |
| 23.09 08:00 | -0.284% | +1.47% | -1.06% |
| 23.09 04:00 | -0.549% | -0.34% | -0.48% |
| 23.09 00:00 | -1.286% | -1.34% | -1.14% |
| 22.09 20:00 | -0.517% | +0.68% | -1.05% |
Settlement profilePRO · free in beta
How this pair's price behaves around the payout — averaged over 11 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 544 settlements
KERNEL on 5 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Gate | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Binance ← you are here | +0.004% / 4h | +0.001%/h | shorts | -0.156% |
| Bitunix | +0.001% / 4h | 0.000%/h | shorts | -0.159% |
Bybit+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Gate+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Binance← you are here+0.001%/h
shortsrate +0.004% / 4hsnipe -0.156%
Bitunix0.000%/h
shortsrate +0.001% / 4hsnipe -0.159%
Max spread across exchanges: +0.001%/h
KERNEL across all exchanges: comparison & curves →Rates across exchangesPRO · free in beta
3 exchanges on one timeline
Binanceevery 4hBybitevery 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
0.0000%/h
widest spread
0.0066%/h
04.11 01:00 UTC · Bybit ↔ Binance
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.