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SNXX — funding rate on Bybit
Bybit · SNXXUSDT-0.140%per 8h · -0.018%/hlongs receive
last settlement0.000%→upcoming payout-0.140%▲ heating up
6:10:01settlement
1calmheat
Price (mark)
18.12
-7.7% 24h
Vol 24h
$14.6M
Open interest
$3.6M
Price move in 2 min
—
avg 7d
+0.001%/h
avg 30d
0.000%/h
Price and skew
Liquidations
24h$0$0 in an hour · no background before that
$0 longs$0 shorts
Longs were wiped — 100% of the total. $0 over the last hour.
Event life curvePRO · open for now
Across 6 closed events of this pair: a typical one lives 34m, the peak usually lands at minute 7.5–12.5
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 6 of 6 cases
median accrued 0.05%; 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)
- $3.5 · $0.44/hour
- Net snipe per settlement
- $-0.5 = 0.140% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.88×needs 0.160%+ per settlement
- Liquidation price
- 14.5866 (−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 · 216 settlements
SNXX on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | -0.140% / 8h | -0.018%/h | longs | -0.020% |
| Binance | -0.116% / 8h | -0.014%/h | longs | -0.044% |
| Bitget | -0.075% / 8h | -0.009%/h | longs | -0.085% |
Bybit← you are here-0.018%/h
longsrate -0.140% / 8hsnipe -0.020%
Binance-0.014%/h
longsrate -0.116% / 8hsnipe -0.044%
Bitget-0.009%/h
longsrate -0.075% / 8hsnipe -0.085%
Max spread across exchanges: +0.008%/h
SNXX across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Bybitevery 8hBinanceevery 8hBitgetevery 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
0.0060%/h
17.09 01:00 UTC · Binance ↔ 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 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.