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ERA — funding rate on Bybit
Bybit · ERAUSDT-0.017%per 4h · -0.004%/hlongs receive
last settlement-0.016%→upcoming payout-0.017%• unchanged
3:08:32settlement
0calmheat
Price (mark)
0.07302
-6.4% 24h
Vol 24h
$3.3M
Open interest
$2.9M
Price move in 2 min
—
avg 7d
-0.054%/h
avg 30d
-0.045%/h
Price and skew
Price and settlements
119 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Liquidations
24h$5K
$5K longs$42 shorts
Longs were wiped — 99% of the total. $36 over the last hour.
Imbalance dynamicsPRO · open for now
now $3.1M·series over 9h 58m·event closed, lasted 2h 49m
now $3.1M·series over 9h 58m·event closed, lasted 2h 49m
imbalance is holdingno new positions are piling in, but none are leaving either
OI, ERApricesettlements · 4h
over the seriesover the last hourpositions-3.9%+2.3%price-1.9%-1.1%
Event life curvePRO · open for now
Across 20 closed events of this pair: a typical one lives 3h 34m, the peak usually lands at minute 47.5–52.5
median across 20 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 20 cases
median — 0.37% accrued against a 0.18% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.42 · $0.1/hour
- Net snipe per settlement
- $-3.58 = 0.017% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.10×needs 0.160%+ per settlement
- Liquidation price
- 0.058781 (−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+0.41% | -0.24%
max+1.18%
after · 5m
avg+0.60% | -0.40%
max+2.42%
before cut-off · 15m
avg+0.75% | -0.63%
max+2.06%
after · 15m
avg+0.83% | -0.71%
max+6.12%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 08.11 12:00 | -0.209% | -0.91% | +1.13% |
| 08.11 08:00 | -0.415% | -0.64% | +0.72% |
| 07.11 08:00 | -0.266% | +0.12% | +0.08% |
| 07.11 04:00 | -0.291% | -0.13% | +0.67% |
| 06.11 12:00 | -0.299% | +0.81% | +0.42% |
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 · 644 settlements
ERA on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | -0.036% / 4h | -0.009%/h | longs | -0.124% |
| Bitget | -0.022% / 4h | -0.005%/h | longs | -0.138% |
| Bybit ← you are here | -0.017% / 4h | -0.004%/h | longs | -0.143% |
Binance-0.009%/h
longsrate -0.036% / 4hsnipe -0.124%
Bitget-0.005%/h
longsrate -0.022% / 4hsnipe -0.138%
Bybit← you are here-0.004%/h
longsrate -0.017% / 4hsnipe -0.143%
Max spread across exchanges: +0.005%/h
ERA across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Bybitevery 4hBitgetevery 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
0.0206%/h
widest spread
0.170%/h
04.11 01:00 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 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.