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PRL — funding rate on Bybit
Bybit · PRLUSDT+0.022%per 4h · +0.006%/hshorts receive
last settlement+0.005%→upcoming payout+0.022%• unchanged
2:27:34settlement
0calmheat
Price (mark)
0.1132
-5.8% 24h
Vol 24h
$852K
Open interest
$736K
Price move in 2 min
—
avg 7d
+0.005%/h
avg 30d
+0.001%/h
Price and skew
Liquidations
24h$11K
$11K longs$0 shorts
Longs were wiped — 100% of the total. Quiet over the last hour.
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.55 · $0.14/hour
- Net snipe per settlement
- $-3.45 = 0.022% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.14×needs 0.160%+ per settlement
- Liquidation price
- 0.135274 (+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 · 5m · the snipe window (1)
avg
max0.00%
after · 5m
avg-0.75%
max-0.75%
before cut-off · 15m
avg+0.44%
max+0.44%
after · 15m
avg+0.43%
max+0.43%
Context and comparison
Funding history · 546 settlements
PRL on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | +0.022% / 4h | +0.006%/h | shorts | -0.138% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Bybit← you are here+0.006%/h
shortsrate +0.022% / 4hsnipe -0.138%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.004%/h
PRL 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
0.0037%/h
widest spread
0.0206%/h
18.09 21:00 UTC · Bybit ↔ 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.