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CVC — funding rate on Bybit

Bybit · CVCUSDT
-0.800%per 8h · -0.100%/hlongs receive
last settlement-0.786%→upcoming payout-0.800%• unchanged
5:39:47settlement
5calmheat
Price (mark)
0.03059
+6.8% 24h
Vol 24h
$5.0M
Open interest
$1.7M
Price move in 2 min
—

Price and skew

Price and settlements
259 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Liquidations
24h$387$271 in an hour · ×54 the background
$86 longs$301 shorts
Shorts were wiped — 78% of the total. $271 over the last hour.
Imbalance dynamicsPRO · open for now
now $1.6M·series over 20h 58m·event closed, lasted 3h 55m
positions are unwindingthe exit phase: entering now bets on what's left of the move
OI, CVCpricesettlements · 8h
over the seriesover the last hourpositions+3.3%-6.6%price+8.1%+0.1%
Event life curvePRO · open for now
Across 15 closed events of this pair: a typical one lives 14m, the peak usually lands within the first 5 min
median across 15 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 15 cases
median accrued 0.00%; 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)
$19.99 · $2.5/hour
Net snipe per settlement
$15.99 = 0.800% − 0.110% − 0.050%
Break-even for entry
rate covers the threshold 5.00×needs 0.160%+ per settlement
Liquidation price
0.024625 (−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+0.25% | -0.32%
max-1.51%
after · 5m
avg+0.34% | -0.34%
max-1.78%
before cut-off · 15m
avg+0.42% | -0.37%
max+1.63%
after · 15m
avg+0.35% | -0.57%
max-1.69%
Cut-offRateBeforeAfter
24.09 08:00-0.786%-0.90%-0.39%
22.09 18:00+0.044%+0.11%+0.21%
22.09 07:00+0.124%0.00%+0.19%
21.09 22:00+0.078%-0.40%+0.33%
21.09 18:00+0.042%+0.30%+0.30%
PRO · open for now
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 · 482 settlements
avg 7d -0.001%/havg 30d -0.009%/hCSV export — in PRO
CVC on 3 exchanges

Max spread across exchanges: +0.019%/h

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

3 exchanges on one timeline

Binanceevery 4hBitgetevery 4hBybitevery 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
0.0217%/h
widest spread
0.174%/h
20.09 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.