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KERNEL — funding rate on Binance
Binance · KERNELUSDT-0.216%per 4h · -0.054%/hlongs receive
last settlement-0.063%→upcoming payout-0.216%▲ heating up
2:55:17settlement
3calmheat
Price (mark)
0.05862
-0.8% 24h
Vol 24h
$27.3M
Open interest
—
Price move in 2 min
—
avg 7d
-0.049%/h
avg 30d
-0.011%/h
Price and skew
Price and settlements
130 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Liquidations
24h$44K
$26K longs$18K shorts
Both sides almost equally. Quiet over the last hour.
Imbalance dynamicsPRO · open for now
now $3.8M·series over 10h 45m·event closed, lasted 34h 18m
now $3.8M·series over 10h 45m·event closed, lasted 34h 18m
imbalance is holdingno new positions are piling in, but none are leaving either
OI, KERNELpricesettlements · 4h
over the seriesover the last hourpositions-15.5%-1.4%price-3.8%-0.3%
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)
- $5.4 · $1.35/hour
- Net snipe per settlement
- $1.4 = 0.216% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 1.35×needs 0.160%+ per settlement
- Liquidation price
- 0.047189 (−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 · open for now
How this pair's price behaves around the payout — averaged over 11 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 542 settlements
KERNEL on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit | -0.729% / 4h | -0.182%/h | longs | +0.569% |
| Binance ← you are here | -0.216% / 4h | -0.054%/h | longs | +0.056% |
| Bitget | -0.208% / 4h | -0.052%/h | longs | +0.048% |
Bybit-0.182%/h
longsrate -0.729% / 4hsnipe +0.569%
Binance← you are here-0.054%/h
longsrate -0.216% / 4hsnipe +0.056%
Bitget-0.052%/h
longsrate -0.208% / 4hsnipe +0.048%
Max spread across exchanges: +0.130%/h
KERNEL 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
0.0000%/h
widest spread
0.143%/h
21.09 05:00 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.