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AXL — funding rate on Bybit
Bybit · AXLUSDT-0.022%per 4h · -0.006%/hlongs receive
last settlement+0.005%→upcoming payout-0.022%• unchanged
2:53:37settlement
0calmheat
Price (mark)
0.03562
+0.3% 24h
Vol 24h
$480K
Open interest
$717K
Price move in 2 min
—
avg 7d
0.000%/h
avg 30d
-0.001%/h
Price and skew
Event life curvePRO · open for now
Across 5 closed events of this pair: a typical one lives 1h 18m, the peak usually lands at minute 10–15
median across 5 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 0 of 5 cases
median — 0.13% accrued against a 4.44% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.55 · $0.14/hour
- Net snipe per settlement
- $-3.45 = 0.022% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.14×needs 0.160%+ per settlement
- Liquidation price
- 0.028674 (−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-0.40%
max-0.40%
after · 5m
avg-0.55%
max-0.55%
before cut-off · 15m
avg-1.89%
max-1.89%
after · 15m
avg+0.82%
max+0.82%
Context and comparison
Funding history · 541 settlements
AXL on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | -0.022% / 4h | -0.006%/h | longs | -0.138% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Binance | +0.003% / 4h | +0.001%/h | shorts | -0.157% |
Bybit← you are here-0.006%/h
longsrate -0.022% / 4hsnipe -0.138%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Binance+0.001%/h
shortsrate +0.003% / 4hsnipe -0.157%
Max spread across exchanges: +0.007%/h
AXL across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Bybitevery 4hBitgetevery 4hBinanceevery 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
0.0145%/h
07.11 17:00 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.