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ZORA — funding rate on Bybit
Bybit · ZORAUSDT+0.005%per 4h · +0.001%/hshorts receive
last settlement+0.005%→upcoming payout+0.005%• unchanged
2:05:37settlement
0calmheat
Price (mark)
0.004973
+0.3% 24h
Vol 24h
$592K
Open interest
$1.0M
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 4h 2m, the peak usually lands at minute 27.5–32.5
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 2 of 4 cases
median — 0.72% accrued against a 1.34% 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
- 0.005943 (+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 (4)
before cut-off · 5m · the snipe window (4)
avg+0.71% | -2.09%
max-2.12%
after · 5m
avg+4.54% | -0.38%
max+7.82%
before cut-off · 15m
avg+2.05% | -2.37%
max+2.51%
after · 15m
avg+5.83% | -1.03%
max+11.24%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 31.08 16:00 | -0.690% | -2.42% | -1.03% |
| 31.08 12:00 | -0.271% | +1.59% | +2.54% |
| 31.08 08:00 | -1.334% | -2.31% | +3.70% |
| 31.08 04:00 | -0.798% | +2.51% | +11.24% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 4 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 545 settlements
ZORA on 5 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% |
| Bybit ← you are here | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitget | +0.001% / 4h | 0.000%/h | shorts | -0.159% |
| OKX | 0.000% / 4h | 0.000%/h | shorts | -0.160% |
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Hyperliquid+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
Bybit← you are here+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitget0.000%/h
shortsrate +0.001% / 4hsnipe -0.159%
OKX0.000%/h
shortsrate 0.000% / 4hsnipe -0.160%
Max spread across exchanges: +0.001%/h
ZORA across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
5 exchanges on one timeline
Bybitevery 4hBinanceevery 4hHyperliquidevery 1hBitgetevery 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
0.0018%/h
widest spread
0.0060%/h
06.11 21:00 UTC · Binance ↔ Bitget
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.