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CYPH — funding rate on OKX
OKX · CYPH-USDT-SWAP+0.072%per 8h · +0.009%/hshorts receive
last settlement+0.199%→upcoming payout+0.072%▼ cooling down
4:35:58settlement
0calmheat
Price (mark)
2.3496
-16.1% 24h
Vol 24h
$489K
Open interest
$146K
Price move in 2 min
—
avg 7d
+0.004%/h
avg 30d
+0.002%/h
Price and skew
Liquidations
24h$980
$980 longs$0 shorts
Longs were wiped — 100% of the total. $60 over the last hour.
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $1.8 · $0.23/hour
- Net snipe per settlement
- $-2.2 = 0.072% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.45×needs 0.160%+ per settlement
- Liquidation price
- 2.8078 (+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 · 137 settlements
CYPH on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | +0.096% / 8h | +0.012%/h | shorts | -0.064% |
| OKX ← you are here | +0.072% / 8h | +0.009%/h | shorts | -0.088% |
| Bybit | -0.048% / 8h | -0.006%/h | longs | -0.112% |
| Bitget | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
Binance+0.012%/h
shortsrate +0.096% / 8hsnipe -0.064%
OKX← you are here+0.009%/h
shortsrate +0.072% / 8hsnipe -0.088%
Bybit-0.006%/h
longsrate -0.048% / 8hsnipe -0.112%
Bitget0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Max spread across exchanges: +0.018%/h
CYPH across all exchanges: comparison & curves →Rates across exchangesPRO · free in beta
4 exchanges on one timeline
OKXevery 8hBinanceevery 8hBybitevery 8hBitgetevery 8hrate 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
0.0056%/h
widest spread
0.0736%/h
06.11 01:00 UTC · Bybit ↔ 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.