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BNC — funding rate on Bybit
Bybit · BNCUSDT-0.046%per 8h · -0.006%/hlongs receive
last settlement+0.069%→upcoming payout-0.046%• unchanged
6:11:25settlement
0calmheat
Price (mark)
5.938
-6.0% 24h
Vol 24h
$388K
Open interest
$401K
Price move in 2 min
—
avg 7d
+0.007%/h
avg 30d
+0.009%/h
Price and skew
Event life curvePRO · open for now
Across 19 closed events of this pair: a typical one lives 48m, the peak usually lands at minute 5–10
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 0.09%; 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)
- $1.14 · $0.14/hour
- Net snipe per settlement
- $-2.86 = 0.046% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.29×needs 0.160%+ per settlement
- Liquidation price
- 4.7801 (−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 (2)
before cut-off · 5m · the snipe window (2)
avg-1.43%
max-1.55%
after · 5m
avg+12.44%
max+20.50%
before cut-off · 15m
avg-2.71%
max-3.32%
after · 15m
avg+20.47%
max+36.77%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 08.09 08:00 | +2.000% | -2.10% | +36.77% |
| 28.07 08:00 | +0.709% | -3.32% | +4.16% |
Context and comparison
Funding history · 211 settlements
BNC on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | -0.046% / 8h | -0.006%/h | longs | -0.114% |
| Binance | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
| Bitget | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
Bybit← you are here-0.006%/h
longsrate -0.046% / 8hsnipe -0.114%
Binance0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Bitget0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Max spread across exchanges: +0.006%/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
0.0074%/h
widest spread
0.0687%/h
21.09 01:00 UTC · Bybit ↔ Bitget
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.