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SNXX — funding rate on Bybit
Bybit · SNXXUSDT0.000%per 8h · 0.000%/hshorts receive
last settlement0.000%→upcoming payout0.000%• unchanged
6:18:56settlement
0calmheat
Price (mark)
3.77
+16.3% 24h
Vol 24h
$17.8M
Open interest
$7.5M
Price move in 2 min
—
avg 7d
-0.000%/h
avg 30d
0.000%/h
Price and skew
Liquidations
24h$16K
$16K longs$0 shorts
Longs were wiped — 100% of the total. Quiet over the last hour.
Event life curvePRO · open for now
Across 5 closed events of this pair: a typical one lives 18m, the peak usually lands at minute 5–10
median across 5 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 5 of 5 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 (8h)
- $0 · $0/hour
- Net snipe per settlement
- $-4 = 0.000% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.00×needs 0.160%+ per settlement
- Liquidation price
- 4.5052 (+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+0.93%
max+0.93%
after · 5m
avg+1.19%
max+1.19%
before cut-off · 15m
avg+0.66%
max+0.66%
after · 15m
avg-1.19%
max-1.19%
Context and comparison
Funding history · 273 settlements
SNXX on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| OKX | +0.001% / 8h | 0.000%/h | shorts | -0.159% |
| Binance | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
| Bybit ← you are here | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
| Bitget | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
OKX0.000%/h
shortsrate +0.001% / 8hsnipe -0.159%
Binance0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Bybit← you are here0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Bitget0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Max spread across exchanges: 0.000%/h
SNXX across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
OKXevery 8hBitgetevery 8hBybitevery 8hBinanceevery 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
0.0023%/h
widest spread
0.0078%/h
08.11 17:00 UTC · Bitget ↔ 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.