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CYPH — funding rate on Bybit
Bybit · CYPHUSDT+0.145%per 8h · +0.018%/hshorts receive
last settlement0.000%→upcoming payout+0.145%▲ heating up
2:52:24settlement
1calmheat
Price (mark)
2.381
-14.9% 24h
Vol 24h
$462K
Open interest
$99K
Price move in 2 min
—
avg 7d
+0.004%/h
avg 30d
+0.001%/h
Price and skew
Liquidations
24h$72
$42 longs$30 shorts
Both sides almost equally. Quiet over the last hour.
Event life curvePRO · open for now
Across 6 closed events of this pair: a typical one lives 8m, the peak usually lands within the first 5 min
median across 6 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 6 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 (8h)
- $3.61 · $0.45/hour
- Net snipe per settlement
- $-0.39 = 0.145% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.90×needs 0.160%+ per settlement
- Liquidation price
- 2.8453 (+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.
Context and comparison
Funding history · 149 settlements
CYPH on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | +0.145% / 8h | +0.018%/h | shorts | -0.015% |
| Bitget | +0.092% / 8h | +0.012%/h | shorts | -0.068% |
| Binance | +0.060% / 8h | +0.007%/h | shorts | -0.100% |
| OKX | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
Bybit← you are here+0.018%/h
shortsrate +0.145% / 8hsnipe -0.015%
Bitget+0.012%/h
shortsrate +0.092% / 8hsnipe -0.068%
Binance+0.007%/h
shortsrate +0.060% / 8hsnipe -0.100%
OKX0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Max spread across exchanges: +0.018%/h
CYPH across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
Bitgetevery 8hBybitevery 8hBinanceevery 8hOKXevery 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
0.0056%/h
widest spread
0.0736%/h
06.11 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 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.