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T — funding rate on Bybit
Bybit · TUSDT+0.005%per 4h · +0.001%/hshorts receive
last settlement+0.005%→upcoming payout+0.005%• unchanged
3:16:45settlement
0calmheat
Price (mark)
0.004543
+0.4% 24h
Vol 24h
$847K
Open interest
$969K
Price move in 2 min
—
avg 7d
-0.005%/h
avg 30d
-0.026%/h
Price and skew
Liquidations
24h$8K
$8K longs$8 shorts
Longs were wiped — 100% of the total. Quiet over the last hour.
Event life curvePRO · open for now
Across 15 closed events of this pair: a typical one lives 36m, the peak usually lands within the first 5 min
median across 15 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 11 of 15 cases
median accrued 0.02%; in at least half the events price moved in the receiver's favour
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.13 · $0.03/hour
- Net snipe per settlement
- $-3.88 = 0.005% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.03×needs 0.160%+ per settlement
- Liquidation price
- 0.005429 (+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+0.15% | -0.35%
max-1.06%
after · 5m
avg+0.40% | -0.67%
max-3.44%
before cut-off · 15m
avg+0.41% | -0.44%
max-1.56%
after · 15m
avg+0.50% | -1.00%
max-5.46%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 02.11 04:00 | -0.265% | -0.15% | -2.87% |
| 29.10 12:00 | -0.702% | -0.72% | -0.13% |
| 27.10 15:00 | -0.075% | +0.40% | -0.91% |
| 27.10 14:00 | -0.103% | -0.77% | +1.12% |
| 27.10 12:00 | -0.074% | +0.34% | +0.06% |
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 · 680 settlements
T on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bitget | -0.005% / 4h | -0.001%/h | longs | -0.155% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bybit ← you are here | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Bitget-0.001%/h
longsrate -0.005% / 4hsnipe -0.155%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bybit← you are here+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.003%/h
T across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Bybitevery 4hBitgetevery 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
0.0051%/h
widest spread
0.0268%/h
02.11 16:00 UTC · Bitget ↔ 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 short 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 short 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.