MERL Funding Rate on Bybit
Live MERL funding rate, annualized APR, model-adjusted apr, and Mirage context for Bybit.
MERL funding on Bybit is positive, but model-adjusted APR remains lower than the advertised annualized APR.
Mirage is material, so model-adjusted APR remains notably below the advertised annualized funding signal.
Headline annualized funding can look strong while model-adjusted apr remains much lower. Mirage measures how much of that signal may fail to survive execution conditions.
Validation status for this public metric. Supported means stronger observed coverage. Calibration and exploratory indicate thinner empirical depth.
Compare MERL funding rates across other exchanges:
MERL Funding on Bybit FAQ
What is the current MERL funding rate on Bybit?
The current MERL perpetual funding rate on Bybit is 0.0050% per 4-hour interval, which annualizes to 1095.0% APR under current market conditions.
When is the next MERL funding payment on Bybit?
Bybit settles MERL perpetual funding every 4 hours. Payments occur at fixed UTC times, typically 00:00, 08:00, and 16:00 UTC for 8-hour intervals.
What is the model-adjusted MERL funding APR on Bybit?
After applying model adjustments for execution costs, decay, and crowding, the MERL model-adjusted APR on Bybit is approximately 547.5%. The Mirage component (50.0%) represents yield that may not survive real trading conditions.
How does MERL funding on Bybit compare to other exchanges?
Current MERL funding comparison: OKX: 1095.0% advertised, 547.5% adjusted; Binance: 547.5% advertised, 273.8% adjusted. Bybit offers 1095.0% advertised and 547.5% model-adjusted APR.
How reliable is the MERL funding data on Bybit?
The MERL funding metrics on Bybit have strong empirical coverage. Supported status indicates stronger observed data, while calibration and exploratory indicate thinner empirical validation.