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PUFFER — funding rate on Bybit
Bybit · PUFFERUSDT+0.010%per 8h · +0.001%/hshorts receive
last settlement+0.002%→upcoming payout+0.010%• unchanged
3:51:37settlement
0calmheat
Price (mark)
0.023562
-2.4% 24h
Vol 24h
$716K
Open interest
$511K
Price move in 2 min
—
avg 7d
-0.024%/h
avg 30d
-0.019%/h
Price and skew
Event life curvePRO · open for now
Across 9 closed events of this pair: a typical one lives 4h 9m, the peak usually lands at minute 15–20
median across 9 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 5 of 9 cases
median — 0.37% accrued against a 0.84% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $0.25 · $0.03/hour
- Net snipe per settlement
- $-3.75 = 0.010% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.06×needs 0.160%+ per settlement
- Liquidation price
- 0.028157 (+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 (4)
before cut-off · 5m · the snipe window (4)
avg-1.43%
max-3.22%
after · 5m
avg+0.64% | -0.85%
max-1.17%
before cut-off · 15m
avg+0.10% | -1.57%
max-3.62%
after · 15m
avg+0.95% | -1.99%
max-1.99%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 16.09 08:00 | -0.726% | -3.62% | +1.34% |
| 11.09 16:00 | -0.701% | -0.67% | 0.00% |
| 11.09 08:00 | -1.152% | +0.10% | +0.56% |
| 03.09 08:00 | -1.154% | -0.41% | -1.99% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 4 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 272 settlements
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.