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SIREN — funding rate on Bybit
Bybit · SIRENUSDT+0.005%per 4h · +0.001%/hshorts receive
last settlement+0.005%→upcoming payout+0.005%• unchanged
6:17settlement
0calmheat
Price (mark)
0.02653
-0.2% 24h
Vol 24h
$1.1M
Open interest
$1.6M
Price move in 2 min
—
avg 7d
+0.006%/h
avg 30d
+0.006%/h
Price and skew
Liquidations
24h$10
$10 longs$0 shorts
Longs were wiped — 100% of the total. Quiet over the last hour.
Event life curvePRO · open for now
Across 14 closed events of this pair: a typical one lives 23m, the peak usually lands within the first 5 min
median across 14 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 11 of 14 cases
median accrued 0.02%; in at least half the events price moved in the receiver's favour
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
- 0.031703 (+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 (5)
before cut-off · 5m · the snipe window (5)
avg+0.20% | -0.12%
max+0.35%
after · 5m
avg+0.74% | -0.10%
max+0.74%
before cut-off · 15m
avg+0.04% | -0.18%
max-0.37%
after · 15m
avg+0.66% | -0.43%
max+1.23%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 30.10 08:00 | +0.218% | 0.00% | +0.70% |
| 04.10 12:00 | +0.287% | -0.13% | +0.35% |
| 02.10 04:00 | +0.172% | +0.04% | -0.43% |
| 01.10 00:00 | -0.303% | -0.04% | +0.35% |
| 22.09 04:00 | +0.095% | -0.37% | +1.23% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 5 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 545 settlements
SIREN on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bitget | +0.017% / 4h | +0.004%/h | shorts | -0.143% |
| Bybit ← you are here | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Bitget+0.004%/h
shortsrate +0.017% / 4hsnipe -0.143%
Bybit← you are here+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.003%/h
SIREN across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Bybitevery 4hBitgetevery 4hBinanceevery 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
0.0092%/h
widest spread
0.0233%/h
08.11 05:00 UTC · Bybit ↔ Binance
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.