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ORCA — funding rate on Bybit
Bybit · ORCAUSDT-0.073%per 4h · -0.018%/hlongs receive
last settlement-0.011%→upcoming payout-0.073%▲ heating up
2:15:37settlement
1calmheat
Price (mark)
1.5355
+1.3% 24h
Vol 24h
$3.7M
Open interest
$2.2M
Price move in 2 min
—
avg 7d
+0.005%/h
avg 30d
-0.002%/h
Price and skew
Event life curvePRO · open for now
Across 6 closed events of this pair: a typical one lives 1h 29m, the peak usually lands at minute 2.5–7.5
median across 6 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 2 of 6 cases
median — 0.16% accrued against a 0.62% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $1.82 · $0.46/hour
- Net snipe per settlement
- $-2.18 = 0.073% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.46×needs 0.160%+ per settlement
- Liquidation price
- 1.2361 (−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 (3)
before cut-off · 5m · the snipe window (3)
avg+0.21% | -0.31%
max-0.36%
after · 5m
avg+1.57% | -0.52%
max+1.57%
before cut-off · 15m
avg+0.07% | -0.20%
max-0.26%
after · 15m
avg+1.52% | -0.51%
max+1.52%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 07.09 12:00 | -0.696% | -0.15% | -0.37% |
| 07.09 08:00 | -0.577% | +0.07% | -0.64% |
| 07.09 04:00 | -0.461% | -0.26% | +1.52% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 3 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 541 settlements
ORCA on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | -0.073% / 4h | -0.018%/h | longs | -0.087% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Bybit← you are here-0.018%/h
longsrate -0.073% / 4hsnipe -0.087%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.019%/h
ORCA across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Binanceevery 4hBitgetevery 4hBybitevery 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
0.0217%/h
22.09 17:00 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 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.