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RDW — funding rate on Bybit
Bybit · RDWUSDT+0.009%per 8h · +0.001%/hshorts receive
last settlement0.000%→upcoming payout+0.009%• unchanged
6:14:19settlement
0calmheat
Price (mark)
11.661
+0.0% 24h
Vol 24h
$277K
Open interest
$476K
Price move in 2 min
—
avg 7d
+0.001%/h
avg 30d
+0.002%/h
Price and skew
Event life curvePRO · open for now
Across 10 closed events of this pair: a typical one lives 3h 29m, the peak usually lands at minute 47.5–52.5
median across 10 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 9 of 10 cases
median accrued 0.36%; in at least half the events price moved in the receiver's favour
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $0.22 · $0.03/hour
- Net snipe per settlement
- $-3.78 = 0.009% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.05×needs 0.160%+ per settlement
- Liquidation price
- 13.9349 (+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 (8)
before cut-off · 5m · the snipe window (7)
avg+0.28% | -0.36%
max+0.49%
after · 5m
avg+0.71% | -0.10%
max+1.18%
before cut-off · 15m
avg+0.29% | -0.27%
max-0.53%
after · 15m
avg+0.93% | -0.17%
max+2.01%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 03.08 00:00 | +0.609% | -0.02% | +0.92% |
| 02.08 08:00 | +0.611% | +0.21% | +0.53% |
| 27.07 08:00 | +0.910% | -0.53% | +2.01% |
| 27.07 00:00 | +1.207% | -0.31% | +1.17% |
| 26.07 16:00 | +0.545% | +0.18% | -0.05% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 7 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 206 settlements
RDW on 2 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | +0.009% / 8h | +0.001%/h | shorts | -0.151% |
| Bitget | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
Bybit← you are here+0.001%/h
shortsrate +0.009% / 8hsnipe -0.151%
Bitget0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Max spread across exchanges: +0.001%/h
RDW across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
2 exchanges on one timeline
Bybitevery 8hBitgetevery 8hrate 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
0.0073%/h
21.09 01:00 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.