OPN Funding Rate on Bybit
Live OPN funding rate, annualized APR, model-adjusted apr, and Mirage context for Bybit.
OPN 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 OPN funding rates across other exchanges:
OPN Funding on Bybit FAQ
What is the current OPN funding rate on Bybit?
The current OPN 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 OPN funding payment on Bybit?
Bybit settles OPN 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 OPN funding APR on Bybit?
After applying model adjustments for execution costs, decay, and crowding, the OPN 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 OPN funding on Bybit compare to other exchanges?
Current OPN funding comparison: OKX: 1095.0% advertised, 547.5% adjusted; Binance: 547.5% advertised, 432.9% adjusted. Bybit offers 1095.0% advertised and 547.5% model-adjusted APR.
How reliable is the OPN funding data on Bybit?
The OPN funding metrics on Bybit have strong empirical coverage. Supported status indicates stronger observed data, while calibration and exploratory indicate thinner empirical validation.