PYTH funding rates and arbitrage
Updated 2026-11-11 23:04 UTC
Best PYTH arbitrage after every cost
No PYTH pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
PYTH funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| KuCoin | PYTHUSDTM | 0.0050% | 4 h | +10.9% | +8.3% | $2M | 2026-11-12 00:00 |
| WhiteBIT | PYTH_PERP | 0.0050% | 4 h | +10.9% | +11.0% | $1.7M | 2026-11-12 00:00 |
| Bitget | PYTHUSDT | 0.0050% | 4 h | +10.9% | +8.4% | $3.2M | 2026-11-12 00:00 |
| BingX | PYTH-USDT | 0.0050% | 4 h | +10.9% | +11.0% | $1.1M | 2026-11-12 00:00 |
| Aster | PYTHUSDT | 0.0050% | 4 h | +10.9% | +10.6% | $28K | 2026-11-12 00:00 |
| Gate | PYTH_USDT | 0.0050% | 4 h | +10.9% | +4.2% | $2.2M | 2026-11-12 00:00 |
| Variational | PYTH-PERP | 0.0050% | 4 h | +10.9% | +11.8% | $27.6K | 2026-11-12 00:00 |
| Kraken | PF_PYTHUSD | 0.0010% | 1 h | +8.6% | −2.2% | $254.2K | 2026-11-12 00:00 |
| dYdX | PYTH-USD | 0.0000% | 1 h | 0.0% | +2.6% | $196.9K | 2026-11-12 00:00 |
| OKX | PYTH-USDT-SWAP | -0.0004% | 4 h | −0.8% | +4.8% | $1.8M | 2026-11-12 00:00 |
| Bybit | PYTHUSDT | -0.0016% | 4 h | −3.5% | +7.0% | $6.5M | 2026-11-12 00:00 |
| Bitunix | PYTHUSDT | -0.0030% | 4 h | −6.6% | +6.6% | — | 2026-11-12 00:00 |
| Hyperliquid | PYTH | -0.0009% | 1 h | −7.8% | +9.6% | $1.8M | 2026-11-12 00:00 |
| LBank | PYTHUSDT | -0.0046% | 4 h | −10.1% | −12.4% | — | 2026-11-12 00:00 |
| MEXC | PYTH_USDT | -0.0047% | 4 h | −10.3% | +7.0% | $3.6M | 2026-11-12 00:00 |
| WOO X | PERP_PYTH_USDT | -0.0048% | 4 h | −10.4% | +7.0% | $1.4K | 2026-11-12 00:00 |
| Binance | PYTHUSDT | -0.0048% | 4 h | −10.4% | +7.1% | $7.3M | 2026-11-12 00:00 |
| BloFin | PYTH-USDT | -0.0051% | 4 h | −11.1% | +7.7% | $347.1K | 2026-11-12 00:00 |
| Paradex | PYTH-USD-PERP | -0.0105% | 8 h | −11.5% | — | $2.9K | 2026-11-12 00:00 |
| Lighter | PYTH | -0.0015% | 1 h | −13.1% | +8.2% | $104.1K | 2026-11-12 00:00 |
| Backpack | PYTH_USDC_PERP | -0.0054% | 1 h | −47.3% | +13.5% | $36.1K | 2026-11-12 00:00 |
| Crypto.com | PYTHUSD-PERP | -0.0190% | 1 h | −166.7% | −7.2% | $20.7K | 2026-11-12 00:00 |
Borrow PYTH to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Gate | 0.45% | $30K |
| Bitget | 2.50% | — |
| Bybit | 6.53% | — |
| OKX | 7.60% | — |
| Binance | 19.43% | — |
Cost to enter $10,000 of PYTH
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Backpack | PYTH_USDC_PERP | 10.0 bp * | order-book snapshot, 10 min old |
| dYdX | PYTH-USD | 28.2 bp | order-book snapshot, 16 min old |
| Lighter | PYTH | 2.3 bp | top of book only |
| MEXC | PYTH_USDT | 2.8 bp | top of book only |
| Variational | PYTH-PERP | 3.9 bp | top of book only |
| Binance | PYTHUSDT | 5.8 bp | top of book only |
| BingX | PYTH-USDT | 5.8 bp | top of book only |
| OKX | PYTH-USDT-SWAP | 6.6 bp | top of book only |
| Bitget | PYTHUSDT | 6.8 bp | top of book only |
| Bybit | PYTHUSDT | 7.1 bp | top of book only |
| Gate | PYTH_USDT | 8.3 bp | top of book only |
| Aster | PYTHUSDT | 9.4 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
More on PYTH
Questions
Is PYTH funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no PYTH pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest PYTH funding rate?
KuCoin at +10.9% a year (0.0050% every 4 h); the lowest is Crypto.com at −166.7%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.