Exchange Funding Snapshot

MORPHO Funding Rate on Bybit

Live MORPHO funding rate, annualized APR, model-adjusted apr, and Mirage context for Bybit.

MORPHO funding on Bybit is positive, but model-adjusted APR remains lower than the advertised annualized APR.

Funding rate
0.0036%
Current periodic funding signal.
Advertised APR
793.2%
Annualized from current funding conditions.
Model-Adjusted APR
396.6%
Model-derived annualized estimate based on current funding conditions.
Mirage
50.0%
Aging snapshot
Annualized from current funding conditions. Actual realized returns may be materially lower, and Mirage shows how much headline yield may fail to survive execution reality.
Current snapshot is aging. Treat these values as reference context, not a live execution signal.
Interpretation

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.

Metric breakdown

Validation status for this public metric. Supported means stronger observed coverage. Calibration and exploratory indicate thinner empirical depth.

Funding interval
4h
Validation status
supported
Validation status for this public metric.
Survivability
Insufficient validated coverage
Not shown publicly until validation coverage improves.
Half-life
Insufficient validated coverage
Not shown publicly until validation coverage improves.
Why yield degrades
Fees and basis drag compress the raw funding headline.
Yield decays as crowded trades absorb the signal.
Execution friction can keep attractive APR from being deployable.
Mirage shows the share of headline yield that fails to survive reality.
Freshness & disclaimer
Last updated Jun 13, 2026, 6:25 AM UTC.
Model-Adjusted APR is a model-derived annualized public estimate. It is useful for current context, not a guaranteed execution outcome.
supported
Exchange Comparison

Compare MORPHO funding rates across other exchanges:

Frequently Asked Questions

MORPHO Funding on Bybit FAQ

What is the current MORPHO funding rate on Bybit?

The current MORPHO perpetual funding rate on Bybit is 0.0036% per 4-hour interval, which annualizes to 793.2% APR under current market conditions.

When is the next MORPHO funding payment on Bybit?

Bybit settles MORPHO 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 MORPHO funding APR on Bybit?

After applying model adjustments for execution costs, decay, and crowding, the MORPHO model-adjusted APR on Bybit is approximately 396.6%. The Mirage component (50.0%) represents yield that may not survive real trading conditions.

How does MORPHO funding on Bybit compare to other exchanges?

Current MORPHO funding comparison: OKX: 1095.0% advertised, 1068.7% adjusted; Binance: -821.8% advertised, -821.8% adjusted. Bybit offers 793.2% advertised and 396.6% model-adjusted APR.

How reliable is the MORPHO funding data on Bybit?

The MORPHO funding metrics on Bybit have strong empirical coverage. Supported status indicates stronger observed data, while calibration and exploratory indicate thinner empirical validation.

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MORPHO Funding Rate Bybit — 0.0036% per 4h | FYOS | Funding Yield OS