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XAI — funding rate on Bybit
Bybit · XAIUSDT-0.002%per 4h · -0.000%/hlongs receive
last settlement+0.005%→upcoming payout-0.002%• unchanged
2:57:16settlement
0calmheat
Price (mark)
0.006252
+3.0% 24h
Vol 24h
$237K
Open interest
$790K
Price move in 2 min
—
avg 7d
+0.001%/h
avg 30d
0.000%/h
Price and skew
Event life curvePRO · open for now
Across 4 closed events of this pair: a typical one lives 1h 19m, the peak usually lands at minute 7.5–12.5
median across 4 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 1 of 4 cases
median — 0.11% accrued against a 0.99% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.04 · $0.01/hour
- Net snipe per settlement
- $-3.96 = 0.002% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.01×needs 0.160%+ per settlement
- Liquidation price
- 0.005033 (−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 (2)
before cut-off · 5m · the snipe window (2)
avg+0.56% | -1.15%
max-1.15%
after · 5m
avg-0.63%
max-0.74%
before cut-off · 15m
avg-1.33%
max-1.90%
after · 15m
avg+1.62%
max+3.07%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 16.08 08:00 | -0.215% | -1.90% | +0.18% |
| 07.08 08:00 | -0.310% | -0.76% | +3.07% |
Context and comparison
Funding history · 546 settlements
XAI on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Hyperliquid | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bybit ← you are here | -0.002% / 4h | -0.000%/h | longs | -0.158% |
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Hyperliquid+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bybit← you are here-0.000%/h
longsrate -0.002% / 4hsnipe -0.158%
Max spread across exchanges: +0.002%/h
XAI across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
Bybitevery 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
0.0000%/h
widest spread
0.0120%/h
05.11 17:00 UTC · Bybit ↔ Hyperliquid
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.