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PUFFER — funding rate on Bybit
Bybit · PUFFERUSDT-0.068%per 8h · -0.008%/hlongs receive
last settlement+0.010%→upcoming payout-0.068%▲ heating up
4:30:53settlement
0calmheat
Price (mark)
0.02472
+0.4% 24h
Vol 24h
$1.2M
Open interest
$686K
Price move in 2 min
—
avg 7d
-0.010%/h
avg 30d
-0.020%/h
Price and skew
Event life curvePRO · open for now
Across 18 closed events of this pair: a typical one lives 1h 1m, the peak usually lands at minute 10–15
median across 18 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 8 of 18 cases
median — 0.01% accrued against a 0.47% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $1.7 · $0.21/hour
- Net snipe per settlement
- $-2.3 = 0.068% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.42×needs 0.160%+ per settlement
- Liquidation price
- 0.0199 (−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 (30)
before cut-off · 5m · the snipe window (30)
avg+0.42% | -0.28%
max-1.01%
after · 5m
avg+0.53% | -0.30%
max+1.65%
before cut-off · 15m
avg+0.51% | -0.46%
max-1.51%
after · 15m
avg+0.90% | -0.63%
max+6.89%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 28.10 16:00 | -0.660% | +0.58% | -0.24% |
| 28.10 08:00 | -0.589% | +0.25% | +0.68% |
| 24.10 01:00 | -0.061% | +0.03% | -0.28% |
| 23.10 14:00 | -0.113% | +0.14% | -0.93% |
| 23.10 10:00 | -0.083% | -1.51% | +0.31% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 30 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 468 settlements
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.