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HEMI — funding rate on Bybit
Bybit · HEMIUSDT+0.005%per 4h · +0.001%/hshorts receive
last settlement+0.005%→upcoming payout+0.005%• unchanged
14:45settlement
0calmheat
Price (mark)
0.006421
+5.9% 24h
Vol 24h
$708K
Open interest
$1.4M
Price move in 2 min
—
avg 7d
-0.001%/h
avg 30d
-0.008%/h
Price and skew
Event life curvePRO · open for now
Across 9 closed events of this pair: a typical one lives 3h 1m, the peak usually lands at minute 20–25
median across 9 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 3 of 9 cases
median — 0.29% accrued against a 0.83% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.13 · $0.03/hour
- Net snipe per settlement
- $-3.88 = 0.005% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.03×needs 0.160%+ per settlement
- Liquidation price
- 0.007673 (+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 (7)
before cut-off · 5m · the snipe window (7)
avg+0.53% | -0.69%
max-1.13%
after · 5m
avg+1.01% | -1.33%
max+1.94%
before cut-off · 15m
avg+0.77% | -0.61%
max+2.15%
after · 15m
avg+1.27% | -1.57%
max-3.54%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 14.09 00:00 | -0.333% | +0.05% | +1.45% |
| 08.09 16:00 | -0.260% | +0.02% | -1.23% |
| 08.09 04:00 | -0.335% | +0.59% | -0.01% |
| 08.09 00:00 | -0.461% | +1.01% | -0.85% |
| 07.09 12:00 | -0.292% | -0.99% | +1.09% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 7 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 544 settlements
HEMI on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Hyperliquid | +0.002% / 1h | +0.002%/h | shorts | -0.158% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bybit ← you are here | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Hyperliquid+0.002%/h
shortsrate +0.002% / 1hsnipe -0.158%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bybit← you are here+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.001%/h
HEMI across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Bybitevery 4hHyperliquidevery 1hBinanceevery 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
0.0007%/h
widest spread
0.0309%/h
20.09 09:00 UTC · Hyperliquid ↔ 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.