Exchange
Bybit funding rates — the #2 perp venue with 8-hour settlement and strong altcoin coverage.
Bybit is the second-largest crypto perpetual exchange by OI, with particular strength in altcoin perp listings and retail-friendly UX. Funding settles every 8 hours with the same ±0.375% cap as Binance. Bybit's user base skews similar to Binance (retail-heavy) but the altcoin perp listings often appear earlier, producing interesting funding rate divergences on mid-cap tokens. Sharpe tracks Bybit funding rates across every tracked pair with real-time normalized APR.
Cross-venue funding rate divergences are one of the cleanest positioning signals in crypto derivatives. When Bybit funding diverges meaningfully from Binance or Hyperliquid on the same asset, it typically reflects venue-specific positioning that often precedes a move. Sharpe's leaderboard and coin explorer surface these divergences automatically — this page provides the Bybit-specific context.