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TLM — funding rate on Bybit

Bybit · TLMUSDT
-0.610%per 8h · -0.076%/hlongs receive
last settlement-0.628%upcoming payout-0.610% unchanged
1:20:22settlement
15warmheat
Price (mark)
0.001725
+1.3% 1h+3.0% 24h
Vol 24h
$3.0M
Open interest
$1.5M−2% vs 7d median
Price move in 2 min
+1.35%
Orderbook · nearest walls
Support below (bid)
0.001681.78%$15K
0.001725
Resistance above (ask)
$17K+1.77%0.001741

Price and skew

Price and settlements
287 five-minute candles — a day around the event
updownsettlement and rate5 minutes · 24h
Imbalance dynamicsPRO · open for now
now $1.5M·series over 23h 57m·event alive for 6h 52m
imbalance is holdingno new positions are piling in, but none are leaving either
OI, TLMpricesettlements · 8h
over the seriesover the last hourpositions+3.8%+0.5%price+2.9%+2.9%
Event life curvePRO · open for now
Across 6 closed events of this pair: a typical one lives 5h 34m, the peak usually lands at minute 62.5–67.5
median across 6 eventscurrent eventmedian peak minute

at later minutes only long-livers remain in the sample — the curve is conditional, not «acceleration»

Entry economics

Position calculator
Position size
$2,500
Funding per settlement (8h)
$15.24 · $1.9/hour
Net snipe per settlement
$11.24 = 0.610%0.110% 0.050%
Break-even for entry
rate covers the threshold 3.81×needs 0.160%+ per settlement
Liquidation price
0.001389 (−19.50% from price)
Risk at this leverage
low risk— price moved up to +1.35% in 2 min
Max “green” leverage
21x

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 (7)
before cut-off · 5m · the snipe window (3)
avg+0.17% | -0.38%
max-0.44%
after · 5m
avg+0.51% | -0.15%
max+0.91%
before cut-off · 15m
avg+0.65% | -0.66%
max+1.85%
after · 15m
avg+0.37% | -0.75%
max-1.23%
Cut-offRateBeforeAfter
27.07 00:00-0.625%-0.14%+0.27%
26.07 16:00-0.726%-0.59%+0.19%
26.07 08:00-0.671%+0.16%+0.83%
24.07 16:00-0.466%+1.85%+0.21%
23.07 16:00-0.803%+0.57%-0.28%
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 3 settlements
average across settlementsspread: worst … best outcome

Context and comparison

Funding history · 114 settlements
avg 7d -0.057%/havg 30d -0.028%/h
TLM on 3 exchanges

Max spread across exchanges: +0.003%/h

Rates across exchangesPRO · open for now

3 exchanges on one timeline

Bybitevery 8hBitgetevery 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
0.0118%/h
widest spread
0.135%/h
23.07 09:00 · Bybit ↔ 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.