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COW — funding rate on Bybit
Bybit · COWUSDT-0.001%per 4h · -0.000%/hlongs receive
last settlement+0.005%→upcoming payout-0.001%• unchanged
3:32:45settlement
0calmheat
Price (mark)
0.10744
+2.1% 24h
Vol 24h
$291K
Open interest
$667K
Price move in 2 min
—
avg 7d
-0.004%/h
avg 30d
-0.004%/h
Price and skew
Event life curvePRO · open for now
Across 18 closed events of this pair: a typical one lives 30m, the peak usually lands within the first 5 min
median across 18 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 8 of 18 cases
median — 0.01% accrued against a 0.12% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.02 · $0.01/hour
- Net snipe per settlement
- $-3.98 = 0.001% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.01×needs 0.160%+ per settlement
- Liquidation price
- 0.086489 (−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+0.51% | -0.36%
max+1.56%
after · 5m
avg+0.60% | -0.68%
max+2.16%
before cut-off · 15m
avg+0.95% | -0.67%
max-1.72%
after · 15m
avg+1.43% | -1.34%
max+5.32%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 31.10 20:00 | -0.760% | -0.56% | -1.07% |
| 31.10 16:00 | -0.651% | -0.78% | +0.84% |
| 27.09 04:00 | -0.370% | -0.51% | +0.51% |
| 18.08 11:00 | +0.001% | -0.25% | -0.17% |
| 18.08 08:00 | -0.055% | -0.08% | +0.04% |
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 · 611 settlements
COW on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | +0.001% / 4h | 0.000%/h | shorts | -0.159% |
| Bybit ← you are here | -0.001% / 4h | -0.000%/h | longs | -0.159% |
| Bitget | -0.001% / 4h | -0.000%/h | longs | -0.159% |
Binance0.000%/h
shortsrate +0.001% / 4hsnipe -0.159%
Bybit← you are here-0.000%/h
longsrate -0.001% / 4hsnipe -0.159%
Bitget-0.000%/h
longsrate -0.001% / 4hsnipe -0.159%
Max spread across exchanges: +0.001%/h
COW across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Bybitevery 4hBinanceevery 4hBitgetevery 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
0.0039%/h
widest spread
0.0176%/h
02.11 16:00 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.