← radar
2Z — funding rate on Bybit
Bybit · 2ZUSDT-0.014%per 4h · -0.004%/hlongs receive
last settlement+0.005%→upcoming payout-0.014%• unchanged
3:09:06settlement
0calmheat
Price (mark)
0.01979
-1.3% 24h
Vol 24h
$2.4M
Open interest
$908K
Price move in 2 min
—
avg 7d
-0.000%/h
avg 30d
0.000%/h
Price and skew
Liquidations
24h$4
$0 longs$4 shorts
Shorts were wiped — 100% of the total. Quiet over the last hour.
Event life curvePRO · open for now
Across 20 closed events of this pair: a typical one lives 38m, the peak usually lands at minute 7.5–12.5
median across 20 eventsmedian peak minute
at later minutes only long-livers remain in the sample — the curve is conditional, not «acceleration»
How they ended: funding covered the adverse price move in 5 of 20 cases
median — 0.02% accrued against a 0.53% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.35 · $0.09/hour
- Net snipe per settlement
- $-3.65 = 0.014% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.09×needs 0.160%+ per settlement
- Liquidation price
- 0.015931 (−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 (27)
before cut-off · 5m · the snipe window (27)
avg+0.26% | -0.52%
max-2.00%
after · 5m
avg+0.44% | -0.78%
max-1.88%
before cut-off · 15m
avg+0.28% | -0.78%
max-2.99%
after · 15m
avg+0.61% | -1.10%
max-3.80%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 03.10 16:00 | -0.282% | -0.28% | -0.60% |
| 03.10 12:00 | -0.266% | -0.60% | -0.89% |
| 03.10 08:00 | -0.421% | -0.04% | -0.15% |
| 03.10 04:00 | -0.331% | +0.02% | -0.11% |
| 03.10 00:00 | -0.388% | +0.20% | -0.90% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 27 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 599 settlements
2Z on 5 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | -0.014% / 4h | -0.004%/h | longs | -0.146% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Hyperliquid | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| OKX | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Bybit← you are here-0.004%/h
longsrate -0.014% / 4hsnipe -0.146%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Hyperliquid+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
OKX+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.005%/h
2Z across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
5 exchanges on one timeline
Binanceevery 4hHyperliquidevery 1hBitgetevery 4hOKXevery 4hBybitevery 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
0.0013%/h
widest spread
0.0076%/h
03.11 13:00 UTC · Binance ↔ 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.