Exchange Funding Snapshot

USUAL Funding Rate on Bybit

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

USUAL 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
963.0%
Model-derived annualized estimate based on current funding conditions.
Mirage
12.0%
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 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
92%
Half-life
2.6d
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 USUAL funding rates across other exchanges:

Frequently Asked Questions

USUAL Funding on Bybit FAQ

What is the current USUAL funding rate on Bybit?

The current USUAL 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 USUAL funding payment on Bybit?

Bybit settles USUAL 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 USUAL funding APR on Bybit?

After applying model adjustments for execution costs, decay, and crowding, the USUAL model-adjusted APR on Bybit is approximately 963.0%. The Mirage component (12.0%) represents yield that may not survive real trading conditions.

How does USUAL funding on Bybit compare to other exchanges?

Current USUAL funding comparison: Binance: 547.5% advertised, 273.8% adjusted. Bybit offers 1095.0% advertised and 963.0% model-adjusted APR.

How reliable is the USUAL funding data on Bybit?

The USUAL 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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