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ZK — funding rate on Bybit
Bybit · ZKUSDT+0.001%per 4h · 0.000%/hshorts receive
last settlement+0.004%→upcoming payout+0.001%• unchanged
2:52:41settlement
0calmheat
Price (mark)
0.009073
+0.4% 24h
Vol 24h
$2.4M
Open interest
$2.8M
Price move in 2 min
—
avg 7d
+0.001%/h
avg 30d
0.000%/h
Price and skew
Liquidations
24h$334$334 in an hour · no background before that
$334 longs$0 shorts
Longs were wiped — 100% of the total. $334 over the last hour.
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.02 · $0.01/hour
- Net snipe per settlement
- $-3.98 = 0.001% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.01×needs 0.160%+ per settlement
- Liquidation price
- 0.010842 (+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.
Context and comparison
Funding history · 541 settlements
ZK on 5 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| OKX | -0.006% / 4h | -0.001%/h | longs | -0.154% |
| 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 | +0.001% / 4h | 0.000%/h | shorts | -0.159% |
OKX-0.001%/h
longsrate -0.006% / 4hsnipe -0.154%
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 here0.000%/h
shortsrate +0.001% / 4hsnipe -0.159%
Max spread across exchanges: +0.003%/h
ZK across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
5 exchanges on one timeline
Binanceevery 4hHyperliquidevery 1hBitgetevery 4hBybitevery 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
0.0030%/h
widest spread
0.0116%/h
06.11 00:00 UTC · Binance ↔ 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 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.