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SOPH — funding rate on Bybit
Bybit · SOPHUSDT-0.077%per 4h · -0.019%/hlongs receive
last settlement-0.003%→upcoming payout-0.077%▲ heating up
9:53settlement
1calmheat
Price (mark)
0.001231
-1.8% 24h
Vol 24h
$1.1M
Open interest
$945K
Price move in 2 min
—
avg 7d
-0.003%/h
avg 30d
-0.008%/h
Price and skew
Liquidations
24h$3K
$3K longs$3 shorts
Longs were wiped — 100% of the total. Quiet over the last hour.
Event life curvePRO · open for now
Across 18 closed events of this pair: a typical one lives 34m, the peak usually lands within the first 5 min
median across 18 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 8 of 18 cases
median — 0.01% accrued against a 0.37% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $1.93 · $0.48/hour
- Net snipe per settlement
- $-2.07 = 0.077% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.48×needs 0.160%+ per settlement
- Liquidation price
- 0.000991 (−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 (30)
before cut-off · 5m · the snipe window (30)
avg+0.77% | -0.28%
max+3.31%
after · 5m
avg+0.78% | -1.39%
max-6.44%
before cut-off · 15m
avg+1.22% | -1.42%
max-6.95%
after · 15m
avg+1.16% | -2.57%
max-10.19%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 01.11 12:00 | -0.118% | -1.02% | +0.51% |
| 01.11 11:00 | -0.113% | +0.07% | -0.71% |
| 01.11 10:00 | -0.105% | -0.15% | +2.47% |
| 01.11 09:00 | -0.069% | -0.72% | -0.80% |
| 01.11 08:00 | -0.093% | 0.00% | -0.85% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 30 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 598 settlements
SOPH on 5 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | -0.093% / 4h | -0.023%/h | longs | -0.067% |
| OKX | -0.087% / 4h | -0.022%/h | longs | -0.073% |
| Bybit ← you are here | -0.077% / 4h | -0.019%/h | longs | -0.083% |
| Bitget | -0.075% / 4h | -0.019%/h | longs | -0.085% |
| Hyperliquid | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
Binance-0.023%/h
longsrate -0.093% / 4hsnipe -0.067%
OKX-0.022%/h
longsrate -0.087% / 4hsnipe -0.073%
Bybit← you are here-0.019%/h
longsrate -0.077% / 4hsnipe -0.083%
Bitget-0.019%/h
longsrate -0.075% / 4hsnipe -0.085%
Hyperliquid+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
Max spread across exchanges: +0.024%/h
SOPH across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
5 exchanges on one timeline
Bitgetevery 4hBybitevery 4hHyperliquidevery 1hOKXevery 4hBinanceevery 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
0.0060%/h
widest spread
0.0602%/h
09.11 01:00 UTC · Bitget ↔ Hyperliquid
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.