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O — funding rate on Bybit
Bybit · OUSDT+0.023%per 4h · +0.006%/hshorts receive
last settlement+0.005%→upcoming payout+0.023%• unchanged
9:25settlement
0calmheat
Price (mark)
0.5603
+2.6% 24h
Vol 24h
$492K
Open interest
$671K
Price move in 2 min
—
avg 7d
+0.003%/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 3h 58m, the peak usually lands at minute 20–25
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 1 of 6 cases
median — 0.46% accrued against a 4.57% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.57 · $0.14/hour
- Net snipe per settlement
- $-3.43 = 0.023% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.14×needs 0.160%+ per settlement
- Liquidation price
- 0.669559 (+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 (5)
before cut-off · 15m
avg+0.22% | -1.50%
max-1.99%
after · 15m
avg+1.37% | -0.98%
max+2.72%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 23.07 20:00 | -0.226% | +0.23% | -1.44% |
| 23.07 16:00 | -0.316% | -1.99% | -0.52% |
| 23.07 12:00 | -0.672% | -1.69% | +0.44% |
| 23.07 08:00 | -1.267% | -0.81% | +0.95% |
| 23.07 04:00 | -0.916% | +0.21% | +2.72% |
Context and comparison
Funding history · 541 settlements
O on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | +0.036% / 4h | +0.009%/h | shorts | -0.124% |
| Bitget | +0.032% / 4h | +0.008%/h | shorts | -0.128% |
| Bybit ← you are here | +0.023% / 4h | +0.006%/h | shorts | -0.137% |
Binance+0.009%/h
shortsrate +0.036% / 4hsnipe -0.124%
Bitget+0.008%/h
shortsrate +0.032% / 4hsnipe -0.128%
Bybit← you are here+0.006%/h
shortsrate +0.023% / 4hsnipe -0.137%
Max spread across exchanges: +0.003%/h
O across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Bybitevery 4hBinanceevery 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
0.0026%/h
widest spread
0.0108%/h
20.09 09:00 UTC · Binance ↔ Bitget
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.