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SMH — funding rate on Bybit
Bybit · SMHUSDT-0.002%per 8h · -0.000%/hlongs receive
last settlement0.000%→upcoming payout-0.002%• unchanged
7:44:41settlement
0calmheat
Price (mark)
548.49
-3.9% 24h
Vol 24h
$2.3M
Open interest
$187K
Price move in 2 min
—
avg 7d
-0.001%/h
avg 30d
-0.001%/h
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $0.06 · $0.01/hour
- Net snipe per settlement
- $-3.94 = 0.002% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.02×needs 0.160%+ per settlement
- Liquidation price
- 441.5345 (−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.
Context and comparison
Funding history · 37 settlements
avg 7d -0.001%/havg 30d -0.001%/h
SMH on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | -0.002% / 8h | -0.000%/h | longs | -0.158% |
| Bitget | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
| OKX | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
Bybit← you are here-0.000%/h
longsrate -0.002% / 8hsnipe -0.158%
Bitget0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
OKX0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Max spread across exchanges: 0.000%/h
Rates across exchangesPRO · open for now
3 exchanges on one timeline
Bybitevery 8hBitgetevery 8hOKXevery 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
0.0217%/h
24.07 09:00 · Bitget ↔ 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 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.