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KERNEL — funding rate on Bybit
Bybit · KERNELUSDT-0.036%per 4h · -0.009%/hlongs receive
last settlement-0.119%→upcoming payout-0.036%▼ cooling down
7:26settlement
0calmheat
Price (mark)
0.05586
-5.7% 24h
Vol 24h
$10.3M
Open interest
$2.2M
Price move in 2 min
—
avg 7d
-0.052%/h
avg 30d
-0.011%/h
Price and skew
Price and settlements
162 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Liquidations
24h$20K
$15K longs$5K shorts
Longs were wiped — 76% of the total. Quiet over the last hour.
Imbalance dynamicsPRO · open for now
now $2.6M·series over 13h 31m·event closed, lasted 1h 23m
now $2.6M·series over 13h 31m·event closed, lasted 1h 23m
positions are unwindingthe exit phase: entering now bets on what's left of the move
OI, KERNELpricesettlements · 4h
over the seriesover the last hourpositions-0.9%-3.4%price-2.0%-2.2%
Event life curvePRO · open for now
Across 8 closed events of this pair: a typical one lives 3h 8m, the peak usually lands at minute 27.5–32.5
median across 8 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 4 of 8 cases
median — 0.58% accrued against a 1.08% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.9 · $0.23/hour
- Net snipe per settlement
- $-3.1 = 0.036% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.23×needs 0.160%+ per settlement
- Liquidation price
- 0.044967 (−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 (9)
avg+0.46% | -0.73%
max-2.24%
after · 5m
avg+0.82% | -1.00%
max-1.81%
before cut-off · 15m
avg+0.41% | -1.15%
max-2.49%
after · 15m
avg+1.16% | -0.83%
max+1.74%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 23.09 04:00 | -0.485% | -0.10% | -0.64% |
| 23.09 00:00 | -1.420% | -0.64% | -1.22% |
| 22.09 20:00 | -0.479% | +0.27% | -0.86% |
| 22.09 16:00 | -1.077% | -1.24% | -0.82% |
| 22.09 12:00 | -0.986% | -1.33% | -0.48% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 9 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 540 settlements
KERNEL on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bitget | -0.123% / 4h | -0.031%/h | longs | -0.037% |
| Binance | -0.104% / 4h | -0.026%/h | longs | -0.056% |
| Bybit ← you are here | -0.036% / 4h | -0.009%/h | longs | -0.124% |
Bitget-0.031%/h
longsrate -0.123% / 4hsnipe -0.037%
Binance-0.026%/h
longsrate -0.104% / 4hsnipe -0.056%
Bybit← you are here-0.009%/h
longsrate -0.036% / 4hsnipe -0.124%
Max spread across exchanges: +0.022%/h
KERNEL across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Bybitevery 4hBitgetevery 4hBinanceevery 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
0.0000%/h
widest spread
0.143%/h
21.09 05:00 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.