What is the Bybit Insurance Fund?

Bybit’s insurance fund is, quite simply, a reserve pool that the intuitive system can dip into in order to prevent traders with negative equity, from being held accountable for any significant or excessive loss.

What is the Funding Fee?

As you’ll notice, BTC finally broke the $10,500 resistance on July 27. Since then, the price continued to skyrocket and set an annual high of $12,000 on August 2. This resulted in high trading price premiums and thus high funding rates. On August 2, Bybit’s BTCUSD contract funding rate peaked to 0.1171%.