Exchange Funding Snapshot
REQ Funding Rate on Bybit
Live REQ funding rate, annualized APR, model-adjusted apr, and Mirage context for Bybit.
REQ funding on Bybit is positive, but model-adjusted APR remains lower than the advertised annualized APR.
Funding rate
0.1046%
Current periodic funding signal.
Advertised APR
11452.4%
Annualized from current funding conditions.
Model-Adjusted APR
10798.4%
Model-derived annualized estimate based on current funding conditions.
Mirage
5.7%
Fresh 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.
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
8h
Validation status
exploratory
Validation status for this public metric.
Survivability
96%
Half-life
5.8d
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 Mar 28, 2026, 7:36 PM UTC.
Model-Adjusted APR is a model-derived annualized public estimate. It is useful for current context, not a guaranteed execution outcome.
exploratory