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FLY — funding rate on Bybit
Bybit · FLYUSDT-0.108%per 8h · -0.013%/hlongs receive
last settlement-0.110%→upcoming payout-0.108%• unchanged
4:04:22settlement
1calmheat
Price (mark)
23.72
+14.3% 24h
Vol 24h
$1.6M
Open interest
$396K
Price move in 2 min
—
avg 7d
-0.002%/h
avg 30d
+0.004%/h
Price and skew
Liquidations
24h$20K
$0 longs$20K shorts
Shorts were wiped — 100% of the total. $26 over the last hour.
Event life curvePRO · open for now
Across 4 closed events of this pair: a typical one lives 13m, the peak usually lands at minute 2.5–7.5
median across 4 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 1 of 4 cases
median — 0.02% accrued against a 0.21% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $2.7 · $0.34/hour
- Net snipe per settlement
- $-1.3 = 0.108% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.67×needs 0.160%+ per settlement
- Liquidation price
- 19.0946 (−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 (2)
before cut-off · 5m · the snipe window (2)
avg+0.82%
max+0.82%
after · 5m
avg+0.21% | -0.77%
max-0.77%
before cut-off · 15m
avg-0.44%
max-0.73%
after · 15m
avg+0.77% | -0.37%
max+0.77%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 12.08 00:00 | +1.093% | -0.73% | -0.37% |
| 27.07 16:00 | +0.439% | -0.15% | +0.77% |
Context and comparison
Funding history · 270 settlements
FLY on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | -0.108% / 8h | -0.013%/h | longs | -0.052% |
| Bitget | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
| OKX | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
Bybit← you are here-0.013%/h
longsrate -0.108% / 8hsnipe -0.052%
Bitget0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
OKX0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Max spread across exchanges: +0.013%/h
FLY across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Bitgetevery 8hOKXevery 8hBybitevery 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
0.0009%/h
widest spread
0.0388%/h
06.11 09:00 UTC · 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 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.