Pyth (PYTH) — Funding Rates
Perpetual futures funding rates across exchanges
Pyth (PYTH) perpetual futures currently show funding across 19 markets, averaging 0.0020% per interval. The highest rate is 0.0096%.
A positive rate means longs pay shorts — a signal of crowded long positioning; a negative rate means shorts pay longs. Use this page to compare funding across venues and spot markets where the annualized rate is attractive.
Markets with Funding
19
Highest Rate
0.0096%
Lowest Rate
-0.0109%
Total Perp Markets
19
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| OKX | PYTH/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 AM | $0.06 | $179.49M |
| Binance | PYTH/USDT | +0.0016% | +0.0% | 8000h · 8:00:00 AM | $0.06 | $46.42M |
| Bybit | PYTH/USDT | +0.0050% | +0.0% | 8000h · 8:00:00 AM | $0.06 | $9.87M |
| Deepcoin | PYTH/USDT | +0.0000% | +0.0% | 8000h | $0.06 | $9.13M |
| Bitget | PYTH/USDT | +0.0050% | +0.0% | 4000h · 8:00:00 AM | $0.06 | $6.32M |
| MEXC | PYTH/USDT | +0.0015% | +0.0% | 4000h · 4:00:00 AM | $0.06 | $5.18M |
| Xt | PYTH/USDT | +0.0035% | +0.0% | 8000h | $0.06 | $4.7M |
| Kucoin | PYTH/USDT | -0.0005% | -0.0% | 8000h · 8:00:00 AM | $0.06 | $3.71M |
| Bingx | PYTH/USDT | +0.0050% | +0.0% | 4000h · 8:00:00 AM | $0.06 | $3.06M |
| Bitunix | PYTH/USDT | +0.0000% | +0.0% | 8000h · 4:00:00 AM | $0.06 | $2.17M |
| Whitebit | PYTH/USDT | +0.0050% | +0.0% | 8000h · 4:00:00 AM | $0.06 | $1.75M |
| Gate | PYTH/USDT | -0.0109% | -0.0% | 8000h · 12:00:00 AM | $0.01 | $1.29M |
| Pionex | PYTH/USDT | +0.0018% | +0.0% | 8000h · 4:00:00 AM | $0.06 | $392.8K |
| Aster | PYTH/USDT | +0.0010% | +0.0% | 1000h · 8:00:00 AM | $0.06 | $290.83K |
| Btse | PYTH/USD | +0.0050% | +0.0% | 8000h | $0.06 | $222.26K |
| Lighter | PYTH/USDC | +0.0096% | +0.1% | 1000h · 4:57:59 AM | $0.06 | $203.31K |
| Blofin | PYTH/USDT | +0.0077% | +0.0% | 8000h · 8:00:00 PM | $0.08 | $111.75K |
| Deribit | PYTH/USDC | -0.0076% | -0.0% | 8000h | $0.06 | $85.72K |
| Dydx | PYTH/USD | +0.0000% | +0.0% | 8000h | $0.06 | $7.65K |
Pyth Funding Rate FAQ
What is the PYTH funding rate?expand_more
The funding rate is a periodic payment between longs and shorts on perpetual futures markets. A positive rate means longs pay shorts; a negative rate means shorts pay longs. It keeps the perpetual price anchored to spot.
Why is the funding rate positive or negative?expand_more
When most traders are long, funding turns positive to encourage shorts; when the crowd is short, funding turns negative to encourage longs. Extreme values often signal crowded positioning and potential reversals.
How is APR calculated from the funding rate?expand_more
APR annualizes the rate using the funding interval: rate × (24h / interval hours) × 365. For example, a 0.01% rate paid every 8 hours annualizes to roughly 10.95%.
When is funding paid on PYTH perpetuals?expand_more
Most exchanges settle funding every 8 hours (00:00, 08:00, 16:00 UTC), though some venues use 4-hour or 1-hour intervals. The exact next settlement time is shown next to each market on this page.
What is considered a high funding rate?expand_more
Sustained funding above 0.05-0.1% per interval is elevated and indicates strong directional crowding. Funding arbitrage traders typically look for markets where the annualized rate exceeds holding costs.
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