When is the Bybit funding time?

Bybit's funding time occurs every 8 hours at 00:00, 08:00, and 16:00 UTC, aligning perpetual contract prices with spot markets—traders pay or receive fees based on open positions at those exact moments.

Jul 23, 2025 at 05:42 pm

Understanding Bybit Funding Time

Bybit funding time refers to the specific intervals when the platform settles funding fees between long and short traders in perpetual contracts. This mechanism ensures that perpetual swap prices remain closely aligned with the underlying spot market price. On Bybit, funding occurs every 8 hours, at precisely 00:00 UTC, 08:00 UTC, and 16:00 UTC. These times are fixed and do not change with daylight saving adjustments or regional time zones.

It's essential to note that funding payments are only applied if your position is open at the exact moment funding is calculated. If you close your position before the funding timestamp, you will not receive or pay any funding fee. This timing is critical for traders managing leveraged positions, especially those holding positions across multiple funding intervals.

How Bybit Calculates Funding Rates

Bybit uses a transparent formula to determine the funding rate at each 8-hour interval. The rate is composed of two components: the interest rate component and the premium index component. The interest rate is typically a small fixed value (e.g., 0.01% per day), while the premium index reflects the difference between perpetual contract prices and the spot index price across major exchanges.

The final funding rate is capped at ±0.75% per interval, preventing extreme swings. If the calculated rate exceeds this cap, Bybit adjusts it to the maximum allowable value. Traders can view the current and historical funding rates directly on the Bybit trading interface under the "Funding Rate" tab for each contract.

How to Check Upcoming Funding Times on Bybit

To stay informed about the next funding time on Bybit:

• Navigate to the perpetual contract trading page (e.g., BTCUSD).
• Look for the "Funding Rate" section near the order book.
• The next funding time will be displayed in both UTC and your local time zone.
• You can also use Bybit’s API endpoint https://api.bybit.com/v2/public/funding/prev-funding to programmatically retrieve the next funding timestamp.
  

  This information is updated in real-time, allowing traders to plan entries, exits, or position adjustments to avoid or benefit from funding payments. Always verify the countdown before making time-sensitive trades.

  Strategies Around Bybit Funding Times

  
  Traders often use funding times to optimize their strategies:
• Funding Arbitrage: Open a long position on a contract with negative funding and a short on a spot or inverse contract to collect the funding payment.
• Funding Avoidance: Close positions minutes before the 8-hour mark to avoid paying high positive funding rates.
• Directional Bias: If funding is consistently positive, it may indicate strong bullish sentiment—some traders use this as a contrarian signal.
  

  To execute these strategies:

  • Set up alerts using Bybit’s mobile app notifications.
  • Use limit orders to automatically close positions just before funding time.
  • Monitor the funding rate history to anticipate trends in the next interval.

  These steps require precise timing and real-time data, so relying on automated tools or scripts is common among advanced users.

  Common Misconceptions About Funding Time

  
  Many users assume that funding time affects price directly—this is not accurate. While large funding payments can influence trader behavior, Bybit does not manipulate prices at funding time. The funding mechanism is purely a settlement between traders, not an exchange-driven event.
  

  Another misconception is that funding time is random or varies per asset. On Bybit, all perpetual contracts (BTC, ETH, SOL, etc.) share the same funding schedule: 00:00, 08:00, and 16:00 UTC. This uniformity simplifies planning for multi-asset portfolios.

  Some believe that funding only occurs if the market is volatile. In reality, funding is processed regardless of market conditions—as long as open positions exist, the fee is calculated and settled.

  Frequently Asked Questions

  Q: What happens if I have a position open during Bybit funding time but my account has insufficient funds to pay the fee?
  
  If your equity is too low to cover the funding payment, Bybit will attempt to deduct from your available balance. If the balance is insufficient, your position may be partially or fully liquidated to cover the cost. Always maintain adequate margin to avoid forced liquidation due to funding fees.

  Q: Can I receive funding payments on Bybit without holding a position?
  
  No. Funding payments are only exchanged between traders who hold open perpetual contract positions at the exact funding timestamp. If you are not in a long or short position at that moment, you neither pay nor receive funding.

  Q: Does Bybit notify users before funding time?
  
  Yes. Bybit displays a countdown timer in the perpetual contract interface. Additionally, you can enable push notifications in the app settings to receive alerts before each funding interval. This feature helps prevent unintended funding payments or missed opportunities.

  Q: Are funding times the same for all Bybit products, including USDT and inverse perpetuals?
  
  Yes. Both USDT-margined and inverse (BTC-margined) perpetual contracts on Bybit follow the same funding schedule: every 8 hours at 00:00, 08:00, and 16:00 UTC. This consistency applies across all supported assets.