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ESPORTS — funding rate on Bybit

Bybit · ESPORTSUSDT
+0.029%per 4h · +0.007%/hshorts receive
last settlement+0.007%→upcoming payout+0.029%▲ heating up
3:16:15settlement
0calmheat
Price (mark)
0.01047
-0.9% 24h
Vol 24h
$2.4M
Open interest
$1.9M
Price move in 2 min
—

Price and skew

Event life curvePRO · open for now
Across 18 closed events of this pair: a typical one lives 14m, 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 9 of 18 cases
median — 0.00% accrued against a 0.11% move

Entry economics

Position calculator
Position size
$2,500
Funding per settlement (4h)
$0.72 · $0.18/hour
Net snipe per settlement
$-3.28 = 0.029% − 0.110% − 0.050%
Break-even for entry
rate covers the threshold 0.18×needs 0.160%+ per settlement
Liquidation price
0.012512 (+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 (9)
before cut-off · 5m · the snipe window (3)
avg+1.72% | -0.80%
max+1.72%
after · 5m
avg+1.07% | -1.64%
max-2.41%
before cut-off · 15m
avg+2.24% | -5.42%
max-14.72%
after · 15m
avg+1.40% | -2.67%
max-7.02%
Cut-offRateBeforeAfter
05.08 20:00+0.302%-2.39%+1.92%
26.07 03:00+0.080%-4.44%+0.77%
26.07 02:00+0.089%+4.50%-7.02%
25.07 20:00+0.079%+2.00%-0.66%
25.07 15:00+0.058%-14.72%-4.16%
PRO · open for now
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 5 settlements
average across settlementsspread: worst … best outcome

Context and comparison

Funding history · 674 settlements
avg 7d +0.005%/havg 30d +0.010%/hCSV export — in PRO
ESPORTS on 2 exchanges
Binance+0.028%/h
shortsrate +0.113% / 4hsnipe -0.047%
Bybit← you are here+0.007%/h
shortsrate +0.029% / 4hsnipe -0.131%

Max spread across exchanges: +0.021%/h

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

2 exchanges on one timeline

Binanceevery 4hBybitevery 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
0.0027%/h
widest spread
0.0260%/h
19.09 21:00 UTC · Binance ↔ 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.