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SIREN — funding rate on Bybit
Bybit · SIRENUSDT+0.199%per 4h · +0.050%/hshorts receive
last settlement+0.019%→upcoming payout+0.199%▲ heating up
3:03:56settlement
2calmheat
Price (mark)
0.02334
+0.1% 24h
Vol 24h
$470K
Open interest
$1.7M
Price move in 2 min
—
avg 7d
+0.011%/h
avg 30d
+0.006%/h
Price and skew
Liquidations
24h$39
$39 longs$0 shorts
Longs were wiped — 100% of the total. Quiet over the last hour.
Event life curvePRO · open for now
Across 19 closed events of this pair: a typical one lives 24m, the peak usually lands at minute 5–10
median across 19 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 19 cases
median accrued 0.04%; 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)
- $4.98 · $1.25/hour
- Net snipe per settlement
- $0.98 = 0.199% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 1.25×needs 0.160%+ per settlement
- Liquidation price
- 0.027891 (+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 (1)
before cut-off · 5m · the snipe window (1)
avg-0.21%
max-0.21%
after · 5m
avg+0.74%
max+0.74%
before cut-off · 15m
avg-0.37%
max-0.37%
after · 15m
avg+1.23%
max+1.23%
Context and comparison
Funding history · 545 settlements
SIREN on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | +0.199% / 4h | +0.050%/h | shorts | +0.039% |
| Binance | +0.022% / 4h | +0.005%/h | shorts | -0.138% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Bybit← you are here+0.050%/h
shortsrate +0.199% / 4hsnipe +0.039%
Binance+0.005%/h
shortsrate +0.022% / 4hsnipe -0.138%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.049%/h
SIREN across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Binanceevery 4hBybitevery 4hBitgetevery 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
0.0188%/h
widest spread
0.0603%/h
19.09 09:00 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.