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BNC — funding rate on Bybit

Bybit · BNCUSDT
+0.013%per 8h · +0.002%/hshorts receive
last settlement+0.026%→upcoming payout+0.013%• unchanged
2:52:22settlement
0calmheat
Price (mark)
4.832
-2.6% 24h
Vol 24h
$377K
Open interest
$390K
Price move in 2 min
—

Price and skew

Event life curvePRO · open for now
Across 19 closed events of this pair: a typical one lives 44m, the peak usually lands within the first 5 min
median across 19 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 11 of 19 cases
median accrued 0.06%; in at least half the events price moved in the receiver's favour

Entry economics

Position calculator
Position size
$2,500
Funding per settlement (8h)
$0.32 · $0.04/hour
Net snipe per settlement
$-3.68 = 0.013% − 0.110% − 0.050%
Break-even for entry
rate covers the threshold 0.08×needs 0.160%+ per settlement
Liquidation price
5.7742 (+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 (4)
before cut-off · 5m · the snipe window (4)
avg-0.96%
max-1.55%
after · 5m
avg+8.37% | -0.10%
max+20.50%
before cut-off · 15m
avg-1.71%
max-3.32%
after · 15m
avg+10.28%
max+36.77%
Cut-offRateBeforeAfter
06.11 08:00-0.576%-0.56%+0.14%
05.11 08:00-0.637%-0.87%+0.04%
08.09 08:00+2.000%-2.10%+36.77%
28.07 08:00+0.709%-3.32%+4.16%
PRO · open for now
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 4 settlements
average across settlementsspread: worst … best outcome

Context and comparison

Funding history · 270 settlements
avg 7d -0.013%/havg 30d -0.001%/hCSV export — in PRO
BNC on 3 exchanges

Max spread across exchanges: +0.001%/h

BNC across all exchanges: comparison & curves →
Rates across exchangesPRO · open for now

3 exchanges on one timeline

Binanceevery 8hBybitevery 8hBitgetevery 8hrate 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
0.0124%/h
widest spread
0.0792%/h
05.11 01:00 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 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.