# PYTH funding rates and arbitrage

Updated 2026-10-29 23:01 UTC · https://afterfees.xyz/coin/PYTH

## 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](https://afterfees.xyz/venues/kraken) | PF_PYTHUSD | 0.0185% | 1 h | +162.0% | +51.2% | $265.9K | 2026-10-30 00:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | PYTHUSDTM | 0.0050% | 4 h | +10.9% | +10.2% | $1M | 2026-10-30 00:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | PYTHUSDT | 0.0050% | 4 h | +10.9% | +1.2% | — | 2026-10-30 00:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | PYTH_USDT | 0.0050% | 4 h | +10.9% | +0.6% | $5.8M | 2026-10-30 00:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | PYTH_PERP | 0.0050% | 4 h | +10.9% | +11.0% | $1.8M | 2026-10-30 00:00 |
| [Backpack](https://afterfees.xyz/venues/backpack) | PYTH_USDC_PERP | 0.0013% | 1 h | +10.9% | +12.5% | $26.4K | 2026-10-30 00:00 |
| [OKX](https://afterfees.xyz/venues/okx) | PYTH-USDT-SWAP | 0.0050% | 4 h | +10.9% | −4.2% | $1.9M | 2026-10-30 00:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | PYTHUSDT | 0.0050% | 4 h | +10.9% | +4.6% | $2.9M | 2026-10-30 00:00 |
| [WOO X](https://afterfees.xyz/venues/woox) | PERP_PYTH_USDT | 0.0050% | 4 h | +10.9% | +0.5% | $1.3K | 2026-10-30 00:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | PYTHUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-30 00:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | PYTH-USDT | 0.0050% | 4 h | +10.9% | +9.2% | $1.6M | 2026-10-30 00:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | PYTHUSDT | 0.0050% | 4 h | +10.9% | −0.5% | $7.2M | 2026-10-30 00:00 |
| [Variational](https://afterfees.xyz/venues/variational) | PYTH-PERP | 0.0050% | 4 h | +10.9% | — | $27.5K | 2026-10-30 00:00 |
| [Binance](https://afterfees.xyz/venues/binance) | PYTHUSDT | 0.0050% | 4 h | +10.9% | +0.5% | $7.9M | 2026-10-30 00:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | PYTH | 0.0013% | 1 h | +10.9% | +7.1% | $2.3M | 2026-10-30 00:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | PYTH | 0.0007% | 1 h | +6.1% | +9.0% | $66.9K | 2026-10-30 00:00 |
| [BloFin](https://afterfees.xyz/venues/blofin) | PYTH-USDT | 0.0027% | 4 h | +6.0% | +19.5% | $352.1K | 2026-10-30 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | PYTH_USDT | 0.0018% | 4 h | +3.9% | +9.9% | $2.4M | 2026-10-30 00:00 |
| [dYdX](https://afterfees.xyz/venues/dydx) | PYTH-USD | 0.0000% | 1 h | 0.0% | +3.6% | $189.6K | 2026-10-30 00:00 |
| [Paradex](https://afterfees.xyz/venues/paradex) | PYTH-USD-PERP | -0.0015% | 8 h | −1.6% | — | $2.8K | 2026-10-30 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | PYTHUSDT | -0.0011% | 4 h | −2.4% | +9.1% | $59.4K | 2026-10-30 00:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | PYTHUSD-PERP | -0.0024% | 1 h | −21.0% | +43.6% | $78.5K | 2026-10-30 00:00 |

## Borrow PYTH to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Gate | 0.32% | $30K |
| Bitget | 2.16% | — |
| Bybit | 5.50% | — |
| OKX | 9.71% | — |
| Binance | 26.95% | — |

## Cost to enter $10,000 of PYTH

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| dYdX | PYTH-USD | 40.7 bp | order-book snapshot, 32 min old |
| Lighter | PYTH | 2.3 bp | top of book only |
| MEXC | PYTH_USDT | 2.8 bp | top of book only |
| Binance | PYTHUSDT | 5.8 bp | top of book only |
| BingX | PYTH-USDT | 5.8 bp | top of book only |
| Variational | PYTH-PERP | 6.3 bp | top of book only |
| OKX | PYTH-USDT-SWAP | 6.6 bp | top of book only |
| Bitget | PYTHUSDT | 7.6 bp | top of book only |
| Gate | PYTH_USDT | 8.3 bp | top of book only |
| BloFin | PYTH-USDT | 9.1 bp | top of book only |
| Bybit | PYTHUSDT | 9.4 bp | top of book only |
| Aster | PYTHUSDT | 10.3 bp | top of book only |

_Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees._

## More on PYTH

- [Borrow PYTH: rates on every exchange](https://afterfees.xyz/borrow/PYTH)
- [PYTH transfer arbitrage](https://afterfees.xyz/transfers/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 +162.0% a year (0.0185% 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._