← radar
-0.584%per 8h · -0.073%/hlongs receive
last settlement-0.683%→upcoming payout-0.584%• unchanged
6:31:57settlement
4calmheat
Price (mark)
154.71
+2.5% 24h
Vol 24h
$704K
Open interest
$439K
Price move in 2 min
—
avg 7d
-0.006%/h
avg 30d
-0.002%/h
Price and skew
Price and settlements
270 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Imbalance dynamicsPRO · free in beta
now $448K·series over 3h 33m·event closed, lasted 3h 36m
now $448K·series over 3h 33m·event closed, lasted 3h 36m
imbalance is holdingno new positions are piling in, but none are leaving either
OI, TSEMpricesettlements · 8h
over the seriesover the last hourpositions+35.8%+0.9%price+0.9%+0.2%
Event life curvePRO · free in beta
Appears once the event closes: the curve is built from finished ones only.
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $14.61 · $1.83/hour
- Net snipe per settlement
- $10.61 = 0.584% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 3.65×needs 0.160%+ per settlement
- Liquidation price
- 124.5416 (−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 (3)
before cut-off · 5m · the snipe window (3)
avg+0.59% | -0.25%
max+0.59%
after · 5m
avg+0.78% | -1.15%
max+1.45%
before cut-off · 15m
avg+0.74% | -1.16%
max+1.26%
after · 15m
avg+1.17% | -2.32%
max-2.32%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 11.11 08:00 | -0.683% | +0.21% | +0.25% |
| 02.08 00:00 | +1.313% | -1.16% | +2.09% |
| 28.07 08:00 | -0.819% | +1.26% | -2.32% |
Settlement profilePRO · free in beta
How this pair's price behaves around the payout — averaged over 3 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 272 settlements
TSEM on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bitget | -0.962% / 8h | -0.120%/h | longs | +0.802% |
| OKX | -0.610% / 8h | -0.076%/h | longs | +0.450% |
| Bybit ← you are here | -0.584% / 8h | -0.073%/h | longs | +0.424% |
Bitget-0.120%/h
longsrate -0.962% / 8hsnipe +0.802%
OKX-0.076%/h
longsrate -0.610% / 8hsnipe +0.450%
Bybit← you are here-0.073%/h
longsrate -0.584% / 8hsnipe +0.424%
Max spread across exchanges: +0.047%/h
TSEM across all exchanges: comparison & curves →Rates across exchangesPRO · free in beta
3 exchanges on one timeline
Bybitevery 8hOKXevery 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
0.0578%/h
09.11 17:00 UTC · Bitget ↔ OKX
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.