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WAL — funding rate on Bybit
Bybit · WALUSDT-0.023%per 4h · -0.006%/hlongs receive
last settlement+0.005%→upcoming payout-0.023%• unchanged
3:29:07settlement
0calmheat
Price (mark)
0.02783
+2.4% 24h
Vol 24h
$618K
Open interest
$1.3M
Price move in 2 min
—
avg 7d
0.000%/h
avg 30d
-0.009%/h
Price and skew
Event life curvePRO · open for now
Across 15 closed events of this pair: a typical one lives 3h 41m, the peak usually lands at minute 30–35
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 4 of 15 cases
median — 0.52% accrued against a 1.09% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.56 · $0.14/hour
- Net snipe per settlement
- $-3.44 = 0.023% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.14×needs 0.160%+ per settlement
- Liquidation price
- 0.022403 (−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 (16)
before cut-off · 5m · the snipe window (16)
avg+0.28% | -0.37%
max-0.82%
after · 5m
avg+0.68% | -0.64%
max-1.30%
before cut-off · 15m
avg+0.60% | -0.93%
max-1.70%
after · 15m
avg+0.99% | -1.32%
max-2.64%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 15.10 08:00 | -1.121% | +1.61% | -2.64% |
| 15.10 04:00 | -0.456% | -0.05% | +1.19% |
| 14.10 20:00 | -0.312% | -0.72% | +1.04% |
| 14.10 16:00 | -0.432% | -1.47% | +1.16% |
| 14.10 12:00 | -1.058% | +0.94% | +1.87% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 16 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 542 settlements
WAL on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | -0.023% / 4h | -0.006%/h | longs | -0.137% |
| Bitget | +0.002% / 4h | +0.001%/h | shorts | -0.158% |
| OKX | +0.001% / 4h | 0.000%/h | shorts | -0.159% |
| Binance | -0.000% / 4h | -0.000%/h | longs | -0.160% |
Bybit← you are here-0.006%/h
longsrate -0.023% / 4hsnipe -0.137%
Bitget+0.001%/h
shortsrate +0.002% / 4hsnipe -0.158%
OKX0.000%/h
shortsrate +0.001% / 4hsnipe -0.159%
Binance-0.000%/h
longsrate -0.000% / 4hsnipe -0.160%
Max spread across exchanges: +0.006%/h
WAL across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
Bybitevery 4hBitgetevery 4hBinanceevery 4hOKXevery 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
0.0021%/h
widest spread
0.0071%/h
08.11 01:00 UTC · Binance ↔ 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.