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BTW — funding rate on Bybit
Bybit · BTWUSDT-0.045%per 4h · -0.011%/hlongs receive
last settlement+0.005%→upcoming payout-0.045%▲ heating up
44:19settlement
1calmheat
Price (mark)
1.0924
-5.6% 24h
Vol 24h
$5.9M
Open interest
$4.7M
Price move in 2 min
—
avg 7d
-0.002%/h
avg 30d
-0.033%/h
Price and skew
Liquidations
24h$7K
$5K longs$2K shorts
Longs were wiped — 68% of the total. $58 over the last hour.
Event life curvePRO · open for now
Across 20 closed events of this pair: a typical one lives 3h 58m, the peak usually lands at minute 42.5–47.5
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 12 of 20 cases
median — 0.56% accrued against a 0.14% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $1.12 · $0.28/hour
- Net snipe per settlement
- $-2.88 = 0.045% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.28×needs 0.160%+ per settlement
- Liquidation price
- 0.879382 (−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 (30)
before cut-off · 5m · the snipe window (30)
avg+0.35% | -0.64%
max-1.87%
after · 5m
avg+0.73% | -1.77%
max-7.20%
before cut-off · 15m
avg+0.49% | -1.05%
max-6.13%
after · 15m
avg+1.07% | -2.88%
max-10.28%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 26.10 16:00 | -1.838% | -6.13% | -9.85% |
| 26.10 12:00 | -1.355% | -0.10% | -3.60% |
| 26.10 04:00 | -0.211% | -0.58% | -0.64% |
| 26.10 00:00 | -0.576% | -0.24% | -0.61% |
| 25.10 20:00 | -0.598% | +0.10% | -0.23% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 30 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 545 settlements
BTW on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | -0.048% / 4h | -0.012%/h | longs | -0.112% |
| Bybit ← you are here | -0.045% / 4h | -0.011%/h | longs | -0.115% |
| OKX | -0.036% / 4h | -0.009%/h | longs | -0.124% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Binance-0.012%/h
longsrate -0.048% / 4hsnipe -0.112%
Bybit← you are here-0.011%/h
longsrate -0.045% / 4hsnipe -0.115%
OKX-0.009%/h
longsrate -0.036% / 4hsnipe -0.124%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.013%/h
BTW across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
Bybitevery 4hOKXevery 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
0.0020%/h
widest spread
0.0360%/h
09.11 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 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.