Bybit ELSA/USDT Funding Rate

ELSA/USDT on Bybit has maintained a 47.8% positive rate frequency across 963 funding settlements since 2026-01-22. This translates to an annualized yield of -290.62% for delta-neutral positions.

The funding rate ranged from a low of -1.4337% to a high of 0.0215% per settlement period. With 1-hour intervals, Bybit settles this pair 24 times per day — each settlement is a tradeable event.

The low positive rate frequency (47.8%) makes this pair more volatile and unpredictable — a higher-risk, higher-reward market on Settled. Coin-flip markets often offer the best risk/reward for contrarian traders who spot regime shifts before the model does.

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 ELSA/USDT funding every 1 hours. The rate is determined by the premium/discount between the perpetual contract price and the spot index price. Over 963 historical settlements, we observe a balanced distribution — making this pair weakly predictable for Settled markets.