PAYP funding rates and arbitrage
Updated 2026-10-29 19:46 UTC
Best PAYP arbitrage after every cost
No PAYP 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.
PAYP funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| BingX | NCSKPAYP2USD-USDT | 0.0050% | 8 h | +5.5% | +18.6% | $962.1K | 2026-10-30 00:00 |
| Bitunix | PAYPUSDT | 0.0019% | 8 h | +2.0% | +18.6% | — | 2026-10-30 00:00 |
| KuCoin | PAYPUSDTM | 0.0000% | 8 h | 0.0% | −0.7% | $30.7K | 2026-10-30 00:00 |
| MEXC | PAYPSTOCK_USDT | 0.0000% | 8 h | 0.0% | +13.3% | $165.1K | 2026-10-30 00:00 |
| LBank | PAYPUSDT | 0.0000% | 8 h | 0.0% | — | — | 2026-10-30 00:00 |
| HTX | PAYP-USDT | 0.0000% | 8 h | 0.0% | −5.1% | $7.9K | 2026-10-30 00:00 |
| GRVT | PAYP_USDT_Perp | 0.0000% | 8 h | 0.0% | −0.1% | $105.4K | 2026-10-30 00:00 |
| Aster | PAYPUSDT | 0.0000% | 8 h | 0.0% | −3.3% | $4.4K | 2026-10-30 00:00 |
| QFEX | PAYP-USD | 0.0000% | 1 h | 0.0% | — | $827K | 2026-10-29 20:00 |
| Variational | PAYP-PERP | 0.0000% | 8 h | 0.0% | — | $19.6K | 2026-10-30 00:00 |
| Binance | PAYPUSDT | 0.0000% | 8 h | 0.0% | +13.3% | $350.1K | 2026-10-30 00:00 |
| Gate | PAYP_USDT | 0.0000% | 8 h | 0.0% | 0.0% | $69.9K | 2026-10-30 00:00 |
| Crypto.com | PAYPUSD-PERP | -0.0277% | 1 h | −242.3% | −73.8% | $10K | 2026-10-29 20:00 |
Cost to enter $10,000 of PAYP
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Binance | PAYPUSDT | 11.9 bp * | top of book only |
| MEXC | PAYPSTOCK_USDT | 12.3 bp | top of book only |
| KuCoin | PAYPUSDTM | 12.9 bp | top of book only |
| Variational | PAYP-PERP | 12.9 bp | top of book only |
| GRVT | PAYP_USDT_Perp | 18.3 bp | top of book only |
| Aster | PAYPUSDT | 18.4 bp | top of book only |
| BingX | NCSKPAYP2USD-USDT | 18.7 bp | top of book only |
| Gate | PAYP_USDT | 31.6 bp | top of book only |
| HTX | PAYP-USDT | 37.0 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.
Questions
Is PAYP funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no PAYP 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 PAYP funding rate?
BingX at +5.5% a year (0.0050% every 8 h); the lowest is Crypto.com at −242.3%. 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.