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CLO — funding rate on Bybit
Bybit · CLOUSDT+0.005%per 4h · +0.001%/hshorts receive
last settlement+0.015%→upcoming payout+0.005%• unchanged
3:55:26settlement
0calmheat
Price (mark)
0.05918
-1.9% 24h
Vol 24h
$556K
Open interest
$772K
Price move in 2 min
—
avg 7d
+0.003%/h
avg 30d
+0.005%/h
Price and skew
Price and settlements
53 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Liquidations
24h$122
$122 longs$0 shorts
Longs were wiped — 100% of the total. Quiet over the last hour.
Imbalance dynamicsPRO · open for now
now $855K·series over 20m·event closed, lasted 22m
now $855K·series over 20m·event closed, lasted 22m
imbalance is holdingno new positions are piling in, but none are leaving either
OI, CLOprice
over the seriespositions-0.6%price-0.6%
Event life curvePRO · open for now
Across 8 closed events of this pair: a typical one lives 12m, the peak usually lands within the first 5 min
median across 8 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 8 cases
median accrued 0.01%; in at least half the events price moved in the receiver's favour
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.13 · $0.03/hour
- Net snipe per settlement
- $-3.88 = 0.005% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.03×needs 0.160%+ per settlement
- Liquidation price
- 0.07072 (+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 profilePRO · open for now
Building from upcoming settlements: 0 of 3 captured. Each one is added within fifteen minutes of the payout.
Context and comparison
Funding history · 543 settlements
CLO on 2 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bybit ← you are here | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bybit← you are here+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: 0.000%/h
CLO across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
2 exchanges on one timeline
Bybitevery 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
0.0158%/h
19.09 09:00 UTC · Bybit ↔ Binance
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.