Exchange Funding Snapshot

ORCA Funding Rate on Bybit

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

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

Funding rate
0.0050%
Current periodic funding signal.
Advertised APR
1095.0%
Annualized from current funding conditions.
Model-Adjusted APR
800.9%
Model-derived annualized estimate based on current funding conditions.
Mirage
26.9%
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 present but more contained, meaning a larger share of headline annualized funding currently survives reality.

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
80%
Half-life
1.0d
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 May 27, 2026, 4:28 PM 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 ORCA funding rates across other exchanges:

Frequently Asked Questions

ORCA Funding on Bybit FAQ

What is the current ORCA funding rate on Bybit?

The current ORCA 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 ORCA funding payment on Bybit?

Bybit settles ORCA 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 survivable ORCA funding APR on Bybit?

After applying model adjustments for execution costs, decay, and crowding, the ORCA survivable APR on Bybit is approximately 800.9%. The Mirage component (26.9%) represents yield that may not survive real trading conditions.

How does ORCA funding on Bybit compare to other exchanges?

Current ORCA funding comparison: Binance: -157.1% advertised, -157.1% adjusted. Bybit offers 1095.0% advertised and 800.9% model-adjusted APR.

How reliable is the ORCA funding data on Bybit?

The ORCA 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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ORCA Funding Rate Bybit — 0.0050% per 4h | FYOS | Funding Yield OS