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IRYS — funding rate on Bybit
Bybit · IRYSUSDT+0.165%per 4h · +0.041%/hshorts receive
last settlement+0.076%→upcoming payout+0.165%▲ heating up
3:01:38settlement
2calmheat
Price (mark)
0.016995
+8.7% 24h
Vol 24h
$486K
Open interest
$906K
Price move in 2 min
—
avg 7d
+0.005%/h
avg 30d
+0.002%/h
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $4.13 · $1.03/hour
- Net snipe per settlement
- $0.13 = 0.165% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 1.03×needs 0.160%+ per settlement
- Liquidation price
- 0.020309 (+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.
Context and comparison
Funding history · 545 settlements
IRYS on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | +0.165% / 4h | +0.041%/h | shorts | +0.005% |
| Binance | +0.063% / 4h | +0.016%/h | shorts | -0.097% |
| Bitget | +0.016% / 4h | +0.004%/h | shorts | -0.144% |
Bybit← you are here+0.041%/h
shortsrate +0.165% / 4hsnipe +0.005%
Binance+0.016%/h
shortsrate +0.063% / 4hsnipe -0.097%
Bitget+0.004%/h
shortsrate +0.016% / 4hsnipe -0.144%
Max spread across exchanges: +0.037%/h
IRYS across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Bybitevery 4hBinanceevery 4hBitgetevery 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
0.0016%/h
widest spread
0.0252%/h
19.09 09:00 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 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.