PYTH funding rates and arbitrage
Updated 2026-10-29 22:10 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 |
|---|---|---|---|---|---|---|---|
| Kraken | PF_PYTHUSD | 0.0024% | 1 h | +21.1% | +50.3% | $259.7K | 2026-10-29 23:00 |
| BloFin | PYTH-USDT | 0.0064% | 4 h | +13.9% | +19.6% | $352.5K | 2026-10-30 00:00 |
| KuCoin | PYTHUSDTM | 0.0050% | 4 h | +10.9% | +10.2% | $988K | 2026-10-30 00:00 |
| MEXC | PYTH_USDT | 0.0050% | 4 h | +10.9% | +0.6% | $5.8M | 2026-10-30 00:00 |
| WhiteBIT | PYTH_PERP | 0.0050% | 4 h | +10.9% | +11.1% | $1.8M | 2026-10-30 00:00 |
| Backpack | PYTH_USDC_PERP | 0.0013% | 1 h | +10.9% | +12.4% | $25K | 2026-10-29 23:00 |
| OKX | PYTH-USDT-SWAP | 0.0050% | 4 h | +10.9% | −4.3% | $1.9M | 2026-10-30 00:00 |
| Bitget | PYTHUSDT | 0.0050% | 4 h | +10.9% | +4.6% | $3M | 2026-10-30 00:00 |
| WOO X | PERP_PYTH_USDT | 0.0050% | 4 h | +10.9% | +0.5% | $1.3K | 2026-10-30 00:00 |
| LBank | PYTHUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-30 00:00 |
| BingX | PYTH-USDT | 0.0050% | 4 h | +10.9% | +9.2% | $1.6M | 2026-10-30 00:00 |
| Bybit | PYTHUSDT | 0.0050% | 4 h | +10.9% | −0.6% | $7.2M | 2026-10-30 00:00 |
| Variational | PYTH-PERP | 0.0050% | 4 h | +10.9% | — | $28.8K | 2026-10-30 00:00 |
| Binance | PYTHUSDT | 0.0050% | 4 h | +10.9% | +0.5% | $8M | 2026-10-30 00:00 |
| Hyperliquid | PYTH | 0.0013% | 1 h | +10.9% | +7.1% | $2.3M | 2026-10-29 23:00 |
| Lighter | PYTH | 0.0012% | 1 h | +10.5% | +9.1% | $64.5K | 2026-10-29 23:00 |
| Aster | PYTHUSDT | 0.0040% | 4 h | +8.8% | +9.2% | $62.2K | 2026-10-30 00:00 |
| Bitunix | PYTHUSDT | 0.0027% | 4 h | +5.8% | +1.2% | — | 2026-10-30 00:00 |
| Paradex | PYTH-USD-PERP | 0.0047% | 8 h | +5.1% | — | $2.9K | 2026-10-30 00:00 |
| Gate | PYTH_USDT | 0.0018% | 4 h | +3.9% | +9.9% | $2.4M | 2026-10-30 00:00 |
| dYdX | PYTH-USD | 0.0000% | 1 h | 0.0% | +3.6% | $190.2K | 2026-10-29 23:00 |
| Crypto.com | PYTHUSD-PERP | -0.0024% | 1 h | −21.0% | +43.9% | $78.8K | 2026-10-29 23:00 |
Borrow PYTH to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Gate | 0.32% | $30K |
| Bitget | 2.17% | — |
| Bybit | 5.50% | — |
| OKX | 9.71% | — |
| Binance | 17.97% | — |
Cost to enter $10,000 of PYTH
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Backpack | PYTH_USDC_PERP | 11.5 bp * | order-book snapshot, 93 min old |
| dYdX | PYTH-USD | 71.4 bp | order-book snapshot, 40 min old |
| Lighter | PYTH | 1.6 bp | top of book only |
| MEXC | PYTH_USDT | 2.8 bp | top of book only |
| Binance | PYTHUSDT | 6.6 bp | top of book only |
| Variational | PYTH-PERP | 7.0 bp | top of book only |
| Bybit | PYTHUSDT | 7.1 bp | top of book only |
| BingX | PYTH-USDT | 7.3 bp | top of book only |
| Bitget | PYTHUSDT | 8.3 bp | top of book only |
| BloFin | PYTH-USDT | 8.3 bp | top of book only |
| Aster | PYTHUSDT | 8.7 bp | top of book only |
| OKX | PYTH-USDT-SWAP | 8.9 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?
Kraken at +21.1% a year (0.0024% every 1 h); the lowest is Crypto.com at −21.0%. 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.