← radar
+0.005%per 4h · +0.001%/hshorts receive
last settlement+0.005%→upcoming payout+0.005%• unchanged
3:16:39settlement
0calmheat
Price (mark)
0.015678
+0.9% 24h
Vol 24h
$153K
Open interest
$572K
Price move in 2 min
—
avg 7d
+0.001%/h
avg 30d
+0.001%/h
Price and skew
Event life curvePRO · free in beta
Across 6 closed events of this pair: a typical one lives 3h 26m, the peak usually lands at minute 25–30
median across 6 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 4 of 6 cases
median — 0.49% accrued against a 0.79% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.13 · $0.03/hour
- Net snipe per settlement
- $-3.88 = 0.005% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.03×needs 0.160%+ per settlement
- Liquidation price
- 0.018735 (+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 (8)
avg+0.16% | -0.50%
max-1.13%
after · 5m
avg+0.43% | -0.60%
max-1.02%
before cut-off · 15m
avg+1.42% | -0.68%
max+2.16%
after · 15m
avg+1.03% | -0.91%
max-2.23%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 28.09 12:00 | -0.254% | +2.10% | -2.23% |
| 28.09 08:00 | -0.550% | -0.25% | -0.10% |
| 28.09 04:00 | -0.512% | +2.16% | -0.45% |
| 28.09 00:00 | -1.107% | -0.26% | -1.83% |
| 27.09 20:00 | -0.856% | +0.81% | +1.38% |
Settlement profilePRO · free in beta
How this pair's price behaves around the payout — averaged over 8 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 541 settlements
SAGA on 6 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Hyperliquid | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| Bybit ← you are here | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitunix | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Aster | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Gate | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Hyperliquid+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
Bybit← you are here+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitunix+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Aster+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Gate+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: 0.000%/h
SAGA across all exchanges: comparison & curves →Rates across exchangesPRO · free in beta
6 exchanges on one timeline
Bybitevery 4hBinanceevery 4hHyperliquidevery 1hBitunixevery 4hAsterevery 4hGateevery 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
0.0152%/h
05.11 05:00 UTC · Hyperliquid ↔ 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 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.