← radar
-0.008%per 4h · -0.002%/hlongs receive
last settlement-0.006%→upcoming payout-0.008%• unchanged
1:44:56settlement
0calmheat
Price (mark)
1.2611
-6.2% 24h
Vol 24h
$127K
Open interest
$50K
Price move in 2 min
—
avg 7d
-0.000%/h
avg 30d
-0.000%/h
Price and skew
Liquidations
24h$229
$229 longs$0 shorts
Longs were wiped — 100% of the total. Quiet over the last hour.
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.19 · $0.05/hour
- Net snipe per settlement
- $-3.81 = 0.008% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.05×needs 0.160%+ per settlement
- Liquidation price
- 1.0152 (−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 · 6 settlements
ORCA on 6 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Gate ← you are here | -0.008% / 4h | -0.002%/h | longs | -0.152% |
| Binance | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bybit | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitunix | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Aster | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitget | +0.003% / 4h | +0.001%/h | shorts | -0.157% |
Gate← you are here-0.002%/h
longsrate -0.008% / 4hsnipe -0.152%
Binance+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bybit+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitunix+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Aster+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitget+0.001%/h
shortsrate +0.003% / 4hsnipe -0.157%
Max spread across exchanges: +0.003%/h
ORCA across all exchanges: comparison & curves →Rates across exchangesPRO · free in beta
6 exchanges on one timeline
Binanceevery 4hBybitevery 4hBitunixevery 4hAsterevery 4hBitgetevery 4hGateevery 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
0.0050%/h
10.11 13:00 UTC · Binance ↔ Gate
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.