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MTL — funding rate on Bybit
Bybit · MTLUSDT+0.010%per 8h · +0.001%/hshorts receive
last settlement+0.010%→upcoming payout+0.010%• unchanged
4:52:02settlement
0calmheat
Price (mark)
0.3469
+4.4% 24h
Vol 24h
$206K
Open interest
$829K
Price move in 2 min
—
avg 7d
+0.002%/h
avg 30d
-0.017%/h
Price and skew
Event life curvePRO · open for now
Across 20 closed events of this pair: a typical one lives 17m, the peak usually lands within the first 5 min
median across 20 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 13 of 20 cases
median accrued 0.00%; in at least half the events price moved in the receiver's favour
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $0.25 · $0.03/hour
- Net snipe per settlement
- $-3.75 = 0.010% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.06×needs 0.160%+ per settlement
- Liquidation price
- 0.414546 (+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 (30)
before cut-off · 5m · the snipe window (30)
avg+0.48% | -0.41%
max+1.45%
after · 5m
avg+0.47% | -0.69%
max+2.15%
before cut-off · 15m
avg+0.60% | -0.62%
max-2.98%
after · 15m
avg+0.45% | -1.01%
max-4.06%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 17.09 20:00 | -0.055% | +0.18% | +0.25% |
| 17.09 14:00 | -0.041% | +0.54% | +0.43% |
| 17.09 13:00 | -0.074% | +0.36% | +0.11% |
| 17.09 06:00 | -0.044% | -0.39% | -0.18% |
| 17.09 05:00 | -0.072% | -0.07% | +0.07% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 30 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 379 settlements
MTL on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bybit ← you are here | +0.010% / 8h | +0.001%/h | shorts | -0.150% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bybit← you are here+0.001%/h
shortsrate +0.010% / 8hsnipe -0.150%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: 0.000%/h
MTL across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Bybitevery 8hBinanceevery 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
0.0004%/h
widest spread
0.0231%/h
19.09 13:00 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.