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ByBit Funding Rates
This table tracks the Bybit funding rate of all coins across the Bybit Exchange in real-time.
Bybit Funding Rates are payments that are exchanged between longs positions and shorts positions on perpetual futures every hour.
- If you are long and funding is positive, you will need to pay the Bybit funding rate on your position size.
- If you are long and funding is negative, you will receive the Bybit funding rate on your position size.
- If you are short and funding is positive, you will receive the Bybit funding rate on your position size.
- If you are short and funding is negative, you will need to pay the Bybit funding rate on your position size.
It is possible to take advantage of these Bybit funding rates to achieve a floating yield on your stablecoins.
Tutorial
- 1. Register an account on the Bybit Exchange This link gives you 25 USDT and a Mystery Box worth up to 1,000 USDT!
- 2. Buy X amount of an asset in the spot market. For example, we buy 1 ETH/USD at $2000 for 2000 USD.
- 3. Short the same amount X of the same asset in the perpetual futures market. For example, we sell 1 ETH-PERP at $200.1. Our spot holdings will function as collateral for this short.
- 4. If we hold this position for a week and the average funding rate this week is positive, for example 50% annualized, we will receive this amount of interest on our position size.
- 5. Because the spot market and perpetual futures move in tandem and we have equal position sizes, we are not exposed to movements in the market. This is called delta neutral.
This table shows the average annualized Bybit funding rate over a given interval for all perpetual futures that are available on the FTX exchange.
Because Bybit funding rates change every hour, the Bybit funding rates might flip from positive to negative or vice versa in a short period of time. It is therefore interesting to look at for example the 7d average funding rate to estimate the expected returns.
Take in mind that funding rates are quite dependent on the overall market sentiment. Further considerations in regards to collateral and fees can be found on the bottom of this page.