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PROVE — funding rate on Bybit
Bybit · PROVEUSDT-0.039%per 4h · -0.010%/hlongs receive
last settlement-0.040%→upcoming payout-0.039%• unchanged
2:12:44settlement
0calmheat
Price (mark)
0.1715
-3.2% 24h
Vol 24h
$703K
Open interest
$1.0M
Price move in 2 min
—
avg 7d
0.000%/h
avg 30d
-0.001%/h
Price and skew
Event life curvePRO · open for now
Across 4 closed events of this pair: a typical one lives 2h 18m, the peak usually lands at minute 12.5–17.5
median across 4 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 4 cases
median — 0.24% accrued against a 1.57% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.97 · $0.24/hour
- Net snipe per settlement
- $-3.03 = 0.039% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.24×needs 0.160%+ per settlement
- Liquidation price
- 0.138058 (−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 (2)
before cut-off · 5m · the snipe window (2)
avg-0.40%
max-0.76%
after · 5m
avg-1.11%
max-1.38%
before cut-off · 15m
avg+0.08% | -1.51%
max-1.51%
after · 15m
avg+0.69% | -0.50%
max+0.69%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 22.09 00:00 | -0.484% | +0.08% | -0.50% |
| 21.09 16:00 | -0.252% | -1.51% | +0.69% |
Context and comparison
Funding history · 541 settlements
PROVE on 5 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | -0.039% / 4h | -0.010%/h | longs | -0.121% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Hyperliquid | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| OKX | -0.001% / 4h | -0.000%/h | longs | -0.159% |
Bybit← you are here-0.010%/h
longsrate -0.039% / 4hsnipe -0.121%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Hyperliquid+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
OKX-0.000%/h
longsrate -0.001% / 4hsnipe -0.159%
Max spread across exchanges: +0.011%/h
PROVE across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
5 exchanges on one timeline
Binanceevery 4hHyperliquidevery 1hOKXevery 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
0.0112%/h
09.11 17:00 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 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.