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DEXE — funding rate on Bybit

Bybit · DEXEUSDT
+0.001%per 1h · +0.001%/hshorts receive
last settlement-0.109%upcoming payout+0.001% cooling down
2:20:22settlement
29warmheat
Price (mark)
2.5963
-0.8% 1h-27.1% 24h
Vol 24h
$90.0M
Open interest
$8.7M+39% vs 7d median
Price move in 2 min
+3.49%
Orderbook · nearest walls
Support below (bid)
2.65620.87%$8K
2.5963
Resistance above (ask)
$5K+2.03%2.734

Price and skew

Price and settlements
288 five-minute candles — a day around the event
updownsettlement and rate5 minutes · 24h
Imbalance dynamicsPRO · open for now
now $8.9M·series over 23h 53m·event closed, lasted 1h 23m
imbalance is holdingno new positions are piling in, but none are leaving either
OI, DEXEpricesettlements · 1h
over the seriesover the last hourpositions+21.4%-1.7%price-25.5%-3.6%
Event life curvePRO · open for now
Across 19 closed events of this pair: a typical one lives 46m, the peak usually lands at minute 5–10
median across 19 eventsmedian peak minute

at later minutes only long-livers remain in the sample — the curve is conditional, not «acceleration»

Entry economics

Position calculator
Position size
$2,500
Funding per settlement (1h)
$0.03 · $0.03/hour
Net snipe per settlement
$-3.97 = 0.001%0.110% 0.050%
Break-even for entry
rate covers the threshold 0.01×needs 0.160%+ per settlement
Liquidation price
3.1026 (+19.50% from price)
Risk at this leverage
low risk— price moved up to +3.49% in 2 min
Max “green” leverage
9x

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+1.58% | -0.99%
max+5.90%
after · 5m
avg+1.56% | -1.77%
max+4.35%
before cut-off · 15m
avg+2.00% | -1.32%
max+8.09%
after · 15m
avg+1.54% | -2.32%
max-5.77%
Cut-offRateBeforeAfter
27.07 15:00-0.099%+3.51%+2.13%
27.07 12:00-0.076%+1.94%-1.86%
27.07 11:00-0.095%-0.15%-0.98%
27.07 10:00-0.149%-0.65%-1.53%
27.07 09:00-0.001%+1.58%-3.76%
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 · 340 settlements
avg 7d -0.661%/havg 30d -0.350%/h
DEXE on 3 exchanges

Max spread across exchanges: +0.180%/h

Rates across exchangesPRO · open for now

3 exchanges on one timeline

Bybitevery 1hBitgetevery 1hBinanceevery 1hrate 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
0.159%/h
widest spread
1.988%/h
21.07 12:00 · 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 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.