On Bybit just below the main navigation menu you’ll find this information. If you hold short positions on perpetual contracts whilst going long in spot, you could have earned a substantial amount of funding fees without much market risk. predicted_funding_rate: string: Predicted funding rate: next_funding_time: string: Next settlement time of capital cost: countdown_hour: number: Countdown of settlement capital cost: delivery_fee_rate: ... Bybit converts a market order into a limit order with a spread. To get the latest funding rate, just open the chart on Bybit and look for the Contract Details, you’ll fund it under that section. This resulted in high trading price premiums and thus high funding rates. USD Lending Rate = 0.06%. On the other hand, the predicted funding rate is an estimation of the funding rate beyond the next upcoming funding timestamp. ETH Lending Rate = 0.03%. This funding history table shows the historic funding rates for BTCUSD contracts, as well as the expected funding rate for the next funding timestamp. Funding Rate History. Similar to BitMEX, Bybit also applies funding rate every 8 hours to all open positions. The current interest rate is 0.01%. This seems incredibly low. ByBit Funding Fee The daily USD and underlying interest is 0.06% and 0.03%, respectively. Hover over and it will display the predicted rate and its countdown. The above rates are used to … On Bybit, there are three funding timestamps, specifically at 0000, 0800 and 1600 UTC. Funding Rate is used to determine the funding fees that will be exchanged between buyers and sellers at the next upcoming funding timestamp. Open Interest Grayscale ETF. The funding rate is not a fee charged by the exchange. The funding rate is set by the market and varies over time. During the market crash in early March, the trading price of perpetual contracts was … On average, the funding fees on Bybit is 0.0100% every 8 … .ETHUSDPI- Premium Index. 24H Vol: $0.00 % Open Interest: $0.00 % 24H Liquidation Vol: $0.00 % 24H Long/Short: %/% Home. The fund rate interval is three, which is once every eight hours. The funding fees vary by the asset you are trading and the condition of the market. Bybit data platform. Along with funding rate it will also display the countdown at which the funding will be applied. In addition to this, ByBit also charges position funding fees, which is exchanged between the long positions and the short positions on the platform. On August 2, Bybit’s BTCUSD contract funding rate peaked to 0.1171%. The funding rate is a mechanism to ensure that the perpetual futures contract price stays near the index price. So far I've only seen the funding fee at 0.01%. All crypto derivative exchanges use a funding rate on perpetual contracts. the history of ETH funding rates can be viewed including the funding rates of Binance, okex, Huobi, ftx, and bybit exchanges.and ETH price comparison. I'm new to bybit, and as I understand it, the funding fee gets exchanged every 8 hours between longs and shortsz depending on whether it's positive or negative. Bybit uses the interest rate and the premium index to calculate the funding rate through Time-Weighted-Average-Price (TWAP) over the series of minute rates.