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ETH — funding rate on Bybit
Bybit · ETHUSDT+0.007%per 8h · +0.001%/hshorts receive
last settlement+0.005%→upcoming payout+0.007%• unchanged
0:29settlement
2calmheat
Price (mark)
2,133.3
-0.1% 1h+0.4% 24h
Vol 24h
$2.5B
Open interest
$1.6B−4% vs 7d median
Price move in 2 min
+0.19%
avg 7d
+0.001%/h
avg 30d
0.000%/h
Price and skew
Price and settlements
288 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $0.18 · $0.02/hour
- Net snipe per settlement
- $-3.82 = 0.007% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.05×needs 0.160%+ per settlement
- Liquidation price
- 2,549.3 (+19.50% from price)
- Risk at this leverage
- low risk— price moved up to +0.19% in 2 min
- Max “green” leverage
- 94x
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 · 270 settlements
ETH on 5 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | +0.007% / 8h | +0.001%/h | shorts | -0.153% |
| Binance | +0.007% / 8h | +0.001%/h | shorts | -0.153% |
| Hyperliquid | 0.000% / 1h | 0.000%/h | shorts | -0.160% |
| OKX | -0.000% / 8h | -0.000%/h | longs | -0.160% |
| Bitget | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
Bybit← you are here+0.001%/h
shortsrate +0.007% / 8hsnipe -0.153%
Binance+0.001%/h
shortsrate +0.007% / 8hsnipe -0.153%
Hyperliquid0.000%/h
shortsrate 0.000% / 1hsnipe -0.160%
OKX-0.000%/h
longsrate -0.000% / 8hsnipe -0.160%
Bitget0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Max spread across exchanges: +0.001%/h
ETH across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
5 exchanges on one timeline
Bybitevery 8hOKXevery 8hHyperliquidevery 1hBitgetevery 8hBinanceevery 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
0.0008%/h
widest spread
0.0030%/h
09.11 08:00 UTC · OKX ↔ Hyperliquid
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.