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XAI — funding rate on Bybit
Bybit · XAIUSDT-0.010%per 4h · -0.003%/hlongs receive
last settlement-0.001%→upcoming payout-0.010%• unchanged
16:08settlement
0calmheat
Price (mark)
0.007981
-4.2% 24h
Vol 24h
$415K
Open interest
$667K
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 5 closed events of this pair: a typical one lives 42m, the peak usually lands at minute 5–10
median across 5 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 0 of 5 cases
median — 0.10% accrued against a 1.62% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.26 · $0.07/hour
- Net snipe per settlement
- $-3.74 = 0.010% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.07×needs 0.160%+ per settlement
- Liquidation price
- 0.006425 (−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 · 542 settlements
XAI on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | -0.010% / 4h | -0.003%/h | longs | -0.150% |
| 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-0.003%/h
longsrate -0.010% / 4hsnipe -0.150%
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%
Max spread across exchanges: +0.004%/h
XAI across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
Binanceevery 4hHyperliquidevery 1hBitgetevery 4hBybitevery 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
0.0107%/h
23.09 05:00 UTC · Binance ↔ 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 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.