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PHAROS — funding rate on Bybit
Bybit · PHAROSUSDT+0.005%per 4h · +0.001%/hshorts receive
last settlement+0.005%→upcoming payout+0.005%• unchanged
3:44:41settlement
0calmheat
Price (mark)
0.3937
+4.1% 24h
Vol 24h
$291K
Open interest
$231K
Price move in 2 min
—
avg 7d
-0.000%/h
avg 30d
0.000%/h
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
- 0.470472 (+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 (1)
before cut-off · 15m
avg-1.44%
max-1.44%
after · 15m
avg+0.19%
max+0.19%
Context and comparison
Funding history · 50 settlements
avg 7d -0.000%/havg 30d 0.000%/h
PHAROS on 2 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | +0.024% / 4h | +0.006%/h | shorts | -0.136% |
| Bybit ← you are here | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Binance+0.006%/h
shortsrate +0.024% / 4hsnipe -0.136%
Bybit← you are here+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.005%/h
Rates across exchangesPRO · open for now
2 exchanges on one timeline
Binanceevery 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
0.0260%/h
23.07 01:00 · 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.