Market Intelligence

Mirage Heatmap

Funding Mirage Heatmap

Discover where headline funding diverges from decay-adjusted reality

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What is a Mirage?

A funding mirage occurs when the raw APR looks attractive but most of the yield evaporates due to rate decay, crowding, and execution costs.

Low Mirage

Green cells indicate opportunities where most of the advertised yield remains capturable after decay and structural constraints. These have low mirage ratios (<30%).

How to Use

Click any cell to see full opportunity details. Focus on green cells for reliable yields, avoid red cells unless you have an edge.