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SOPH — funding rate on Bybit
Bybit · SOPHUSDT-0.203%per 4h · -0.051%/hlongs receive
last settlement-0.179%→upcoming payout-0.203%• unchanged
1:59:39settlement
3calmheat
Price (mark)
0.003841
-14.8% 24h
Vol 24h
$3.8M
Open interest
$1.9M
Price move in 2 min
—
avg 7d
-0.014%/h
avg 30d
-0.020%/h
Price and skew
Price and settlements
144 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Event life curvePRO · open for now
Across 11 closed events of this pair: a typical one lives 1h 28m, the peak usually lands at minute 10–15
median across 11 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 3 of 11 cases
median — 0.29% accrued against a 3.69% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $5.08 · $1.27/hour
- Net snipe per settlement
- $1.08 = 0.203% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 1.27×needs 0.160%+ per settlement
- Liquidation price
- 0.003092 (−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 (9)
before cut-off · 5m · the snipe window (9)
avg+1.14% | -0.29%
max+3.31%
after · 5m
avg+0.86% | -3.15%
max-6.44%
before cut-off · 15m
avg+0.86% | -4.48%
max-6.95%
after · 15m
avg+0.39% | -5.26%
max-10.19%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 20.09 04:00 | -0.165% | +1.05% | +0.18% |
| 16.09 16:00 | -0.345% | +0.20% | -3.01% |
| 12.09 04:00 | -0.276% | +0.13% | -0.02% |
| 08.09 17:00 | -0.931% | +0.70% | -4.08% |
| 08.09 16:00 | -2.000% | +0.04% | -5.73% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 9 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 557 settlements
SOPH on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | -0.203% / 4h | -0.051%/h | longs | +0.043% |
| Bitget | -0.155% / 4h | -0.039%/h | longs | -0.005% |
| Binance | -0.134% / 4h | -0.033%/h | longs | -0.026% |
| Hyperliquid | -0.014% / 1h | -0.014%/h | longs | -0.146% |
Bybit← you are here-0.051%/h
longsrate -0.203% / 4hsnipe +0.043%
Bitget-0.039%/h
longsrate -0.155% / 4hsnipe -0.005%
Binance-0.033%/h
longsrate -0.134% / 4hsnipe -0.026%
Hyperliquid-0.014%/h
longsrate -0.014% / 1hsnipe -0.146%
Max spread across exchanges: +0.036%/h
SOPH across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
Hyperliquidevery 1hBinanceevery 4hBitgetevery 4hBybitevery 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
0.0087%/h
widest spread
0.0851%/h
16.09 13:00 UTC · Hyperliquid ↔ 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.