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NIL — funding rate on Bybit
Bybit · NILUSDT+0.005%per 4h · +0.001%/hshorts receive
last settlement-0.005%→upcoming payout+0.005%• unchanged
2:52:48settlement
0calmheat
Price (mark)
0.05804
+0.9% 24h
Vol 24h
$1.7M
Open interest
$1.7M
Price move in 2 min
—
avg 7d
-0.005%/h
avg 30d
-0.004%/h
Price and skew
Event life curvePRO · open for now
Across 5 closed events of this pair: a typical one lives 24m, the peak usually lands at minute 10–15
median across 5 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 0 of 5 cases
median — 0.03% accrued against a 1.16% 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
- 0.069358 (+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+0.72% | -0.67%
max-1.44%
after · 5m
avg+0.75% | -1.08%
max+2.01%
before cut-off · 15m
avg+0.72% | -1.71%
max-5.57%
after · 15m
avg+1.73% | -1.20%
max+6.16%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 04.11 04:00 | -0.281% | +0.84% | +0.67% |
| 31.10 08:00 | -0.397% | -5.57% | +2.33% |
| 27.10 08:00 | -0.560% | -4.72% | -1.66% |
| 03.08 08:00 | -0.310% | -0.03% | +0.94% |
| 03.08 04:00 | -0.221% | -0.20% | +0.20% |
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 · 541 settlements
NIL on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Hyperliquid | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| Bybit ← you are here | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitget | +0.003% / 4h | +0.001%/h | shorts | -0.157% |
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Hyperliquid+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
Bybit← you are here+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitget+0.001%/h
shortsrate +0.003% / 4hsnipe -0.157%
Max spread across exchanges: +0.001%/h
NIL across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
Hyperliquidevery 1hBinanceevery 4hBybitevery 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
0.0049%/h
widest spread
0.0381%/h
04.11 01:00 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 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.