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ON — funding rate on Bybit
Bybit · ONUSDT0.000%per 8h · 0.000%/hshorts receive
last settlement0.000%→upcoming payout0.000%• unchanged
4:53settlement
0calmheat
Price (mark)
74.22
+2.5% 24h
Vol 24h
$65K
Open interest
$130K
Price move in 2 min
—
avg 7d
0.000%/h
avg 30d
-0.000%/h
Price and skew
Event life curvePRO · open for now
Across 18 closed events of this pair: a typical one lives 1h 2m, the peak usually lands at minute 15–20
median across 18 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 15 of 18 cases
median accrued 0.16%; 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 · $0/hour
- Net snipe per settlement
- $-4 = 0.000% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.00×needs 0.160%+ per settlement
- Liquidation price
- 88.6929 (+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 (26)
before cut-off · 5m · the snipe window (23)
avg+0.93% | -0.32%
max+3.54%
after · 5m
avg+0.38% | -0.37%
max+1.02%
before cut-off · 15m
avg+0.89% | -0.55%
max+3.13%
after · 15m
avg+0.42% | -0.69%
max-1.77%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 07.08 16:00 | +0.372% | -0.30% | +0.67% |
| 05.08 00:00 | -0.052% | 0.00% | +0.12% |
| 04.08 23:00 | -0.121% | +0.01% | -0.19% |
| 04.08 22:00 | -0.073% | 0.00% | +0.04% |
| 04.08 21:00 | -0.238% | -0.52% | +0.34% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 24 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 215 settlements
ON on 2 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bybit ← you are here | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bybit← you are here0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Max spread across exchanges: +0.001%/h
ON across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
2 exchanges on one timeline
Binanceevery 4hBybitevery 8hrate 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
0.0013%/h
widest spread
0.0189%/h
15.09 23:00 UTC · Binance ↔ 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.