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INIT — funding rate on Gate
Gate · INIT_USDT-1.203%per 8h · -0.150%/hlongs receive
last settlement-0.906%→upcoming payout-1.203%▲ heating up
5:45:31settlement
27warmheat
Price (mark)
0.20801
-1.3% 1h+63.6% 24h
Vol 24h
$16.6M
Open interest
$676K
Price move in 2 min
+2.63%
avg 7d
-0.010%/h2 extreme in a row
avg 30d
-0.002%/h
Price and skew
Price and settlements
287 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Imbalance dynamicsPRO · free in beta
now $676K·series over 1h 42m·event alive for 1h 45m
now $676K·series over 1h 42m·event alive for 1h 45m
positions are unwindingthe exit phase: entering now bets on what's left of the move
OI, INITprice
over the seriesover the last hourpositions-7.3%-8.0%price+0.4%-2.8%
Event life curvePRO · free in beta
Appears once the event closes: the curve is built from finished ones only.
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $30.08 · $3.76/hour
- Net snipe per settlement
- $26.08 = 1.203% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 7.52×needs 0.160%+ per settlement
- Liquidation price
- 0.167448 (−19.50% from price)
- Risk at this leverage
- low risk— price moved up to +2.63% in 2 min
- Max “green” leverage
- 11x
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 profilePRO · free in beta
Building from upcoming settlements: 0 of 3 captured. Each one is added within fifteen minutes of the payout.
Context and comparison
Funding history · 90 settlements
INIT on 8 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit | -1.443% / 4h | -0.361%/h | longs | +1.283% |
| Hyperliquid | -0.268% / 1h | -0.268%/h | longs | +0.108% |
| Bitunix | -0.994% / 4h | -0.248%/h | longs | +0.834% |
| Binance | -0.989% / 4h | -0.247%/h | longs | +0.829% |
| Aster | -0.940% / 4h | -0.235%/h | longs | +0.780% |
| Bitget | -0.850% / 4h | -0.213%/h | longs | +0.690% |
| OKX | -0.646% / 4h | -0.162%/h | longs | +0.486% |
| Gate ← you are here | -1.203% / 8h | -0.150%/h | longs | +1.043% |
Bybit-0.361%/h
longsrate -1.443% / 4hsnipe +1.283%
Hyperliquid-0.268%/h
longsrate -0.268% / 1hsnipe +0.108%
Bitunix-0.248%/h
longsrate -0.994% / 4hsnipe +0.834%
Binance-0.247%/h
longsrate -0.989% / 4hsnipe +0.829%
Aster-0.235%/h
longsrate -0.940% / 4hsnipe +0.780%
Bitget-0.213%/h
longsrate -0.850% / 4hsnipe +0.690%
OKX-0.162%/h
longsrate -0.646% / 4hsnipe +0.486%
Gate← you are here-0.150%/h
longsrate -1.203% / 8hsnipe +1.043%
Max spread across exchanges: +0.210%/h
INIT across all exchanges: comparison & curves →Rates across exchangesPRO · free in beta
8 exchanges on one timeline
Gateevery 8hOKXevery 4hBitgetevery 4hAsterevery 4hBitunixevery 4hBinanceevery 4hHyperliquidevery 1hBybitevery 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
0.0063%/h
widest spread
0.300%/h
10.11 06:00 UTC · Hyperliquid ↔ 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.