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UMA — funding rate on Bybit
Bybit · UMAUSDT+0.005%per 4h · +0.001%/hshorts receive
last settlement+0.005%→upcoming payout+0.005%• unchanged
24:32settlement
0calmheat
Price (mark)
0.3146
+0.1% 24h
Vol 24h
$199K
Open interest
$478K
Price move in 2 min
—
avg 7d
+0.001%/h
avg 30d
+0.001%/h
Price and skew
Liquidations
24h$1
$0 longs$1 shorts
Shorts were wiped — 100% of the total. Quiet over the last hour.
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
- 0.375947 (+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+1.90% | -0.20%
max+1.90%
after · 5m
avg-0.71%
max-1.39%
before cut-off · 15m
avg-1.48%
max-1.94%
after · 15m
avg-1.54%
max-2.88%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 06.10 12:00 | -0.467% | -1.54% | -0.85% |
| 06.10 08:00 | -0.713% | -0.95% | -0.90% |
| 28.07 08:00 | -0.405% | -1.94% | -2.88% |
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 · 540 settlements
UMA on 5 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| OKX | -0.020% / 4h | -0.005%/h | longs | -0.140% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Hyperliquid | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| Bybit ← you are here | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
OKX-0.005%/h
longsrate -0.020% / 4hsnipe -0.140%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Hyperliquid+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
Bybit← you are here+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.006%/h
UMA across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
5 exchanges on one timeline
Bybitevery 4hOKXevery 4hBinanceevery 4hHyperliquidevery 1hBitgetevery 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
0.0006%/h
widest spread
0.0087%/h
09.11 05:00 UTC · Bybit ↔ 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 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.