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XCN — funding rate on Bybit
Bybit · XCNUSDT+0.005%per 4h · +0.001%/hshorts receive
last settlement+0.005%→upcoming payout+0.005%• unchanged
3:12:37settlement
0calmheat
Price (mark)
0.00492
+5.9% 24h
Vol 24h
$7.3M
Open interest
$1.5M
Price move in 2 min
—
avg 7d
-0.004%/h
avg 30d
-0.008%/h
Price and skew
Price and settlements
92 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Liquidations
24h$1K
$0 longs$1K shorts
Shorts were wiped — 100% of the total. Quiet over the last hour.
Imbalance dynamicsPRO · open for now
now $1.4M·series over 24m·event closed, lasted 26m
now $1.4M·series over 24m·event closed, lasted 26m
imbalance is growingthe crowd keeps loading the paying side — the event is still being fed
OI, XCNprice
over the seriespositions+10.7%price+3.4%
Event life curvePRO · open for now
Across 20 closed events of this pair: a typical one lives 3h 17m, the peak usually lands at minute 12.5–17.5
median across 20 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 20 cases
median — 0.33% accrued against a 0.03% move
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
- 0.005879 (+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 (12)
before cut-off · 5m · the snipe window (12)
avg+0.37% | -0.60%
max-1.19%
after · 5m
avg+0.63% | -0.44%
max-1.59%
before cut-off · 15m
avg+0.66% | -0.45%
max+1.64%
after · 15m
avg+0.60% | -0.45%
max+1.92%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 12.09 00:00 | -0.412% | 0.00% | -1.48% |
| 11.09 04:00 | -0.330% | -0.99% | +0.48% |
| 05.09 00:00 | -0.322% | -0.32% | +1.92% |
| 04.09 20:00 | -0.278% | +1.64% | +0.61% |
| 04.09 12:00 | -0.473% | +0.72% | +0.32% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 12 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 545 settlements
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.