Bybit API3/USDT Funding Rate

API3/USDT on Bybit has maintained a 87.6% positive rate frequency across 3,152 funding settlements since 2022-02-28. This translates to an annualized yield of 0.23% for delta-neutral positions.

The funding rate ranged from a low of -3% to a high of 0.141% per settlement period. With 8-hour intervals, Bybit settles this pair 3 times per day — each settlement is a tradeable event.

The consistently high positive rate (87.6%) indicates persistent long-side demand for API3perpetual futures. This creates a structural alpha for short-side collectors — and a highly predictable binary market for Settled traders. When the current rate is positive, there is historically >95% probability the next settlement will also be positive.

Funding rates are periodic payments between long and short traders on perpetual futures contracts. When the rate is positive, longs pay shorts — indicating bullish sentiment and excess leverage on the long side. When negative, shorts pay longs.

Bybit settles API3/USDT funding every 8 hours. The rate is determined by the premium/discount between the perpetual contract price and the spot index price. Over 3,152 historical settlements, we observe a strong positive bias — making this pair highly predictable for Settled markets.