PYTH funding rates

PYTH perpetual funding across 10 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 04:36 UTC · refreshed every 5 min

Best pair · 7d: 7.3%long Gate, short Variational · net 3.4%
Highest funding now: 10.9%Hyperliquid
Lowest funding now: 2.8%MEXCCEX
Listed on: 10 venues

Funding by venue

													Open
Hyperliquid	PYTH	10.9%	10.9%	10.9%	10.9%	10.9%	100%	1h	—	0.08048	$2.4M	$1.0M	HyHyperliquid
Aster	PYTHUSDT	10.9%	10.9%	10.2%	9.5%	10.1%	100%	4h	08:00	0.08045	$51k	$212k	AsAster
RWA Perp	PERP_PYTH_USDC_mythos	10.9%	11.2%	11.2%	11.2%	11.2%	100%	4h	08:00	0.08042	$4k	$3k	RwRWA Perp
BybitCEX	PYTHUSDT	10.9%	6.4%	10.1%	9.1%	10.7%	98%	4h	08:00	0.0804	$10.7M	$5.9M	ByBybit
BitgetCEX	PYTHUSDT	10.9%	10.9%	10.9%	10.7%	10.9%	100%	4h	08:00	0.08042	$3.4M	$3.2M	BgBitget
GateCEX	PYTH_USDT	10.9%	8.1%	3.7%	7.8%	2.9%	76%	4h	08:00	0.08047	$7.9M	$447k	GtGate
Variational	PYTH	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	—	0.0798	$161k	$307k	VaVariational
Lighter	PYTH	10.5%	10.0%	10.4%	10.5%	10.5%	99%	1h	05:00	0.07992	$187k	$65k	LiLighter
BinanceCEX	PYTHUSDT	3.9%	2.6%	4.1%	6.4%	4.4%	78%	4h	08:00	0.08037	$11.2M	$17.6M	BnBinance
MEXCCEX	PYTH_USDT	2.8%	2.5%	4.5%	6.7%	4.8%	79%	4h	08:00	0.08043	$5.7M	$2.6M	MxMEXC

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
MEXCCEX	Variational	8.1%	8.4%	6.4%	4.2%	5.4%	8.1%	2.3d	steady	$161k	spread not incl.	Mx Va	calc
MEXCCEX	Lighter	7.7%	7.4%	5.9%	3.8%	4.9%	7.3%	2.5d	steady	$187k	4h/1h	Mx Li	calc
BinanceCEX	Variational	7.1%	8.4%	6.8%	4.5%	4.2%	6.3%	5.3d	steady	$161k	spread not incl.	Bn Va	calc
BinanceCEX	Lighter	6.6%	7.4%	6.3%	4.1%	3.7%	5.6%	5.8d	steady	$187k	4h/1h	Bn Li	calc
GateCEX	Variational	0.0%	2.9%	7.3%	3.1%	3.4%	5.0%	7.5d	cooling	$161k	spread not incl.	Gt Va	calc
MEXCCEX	Hyperliquid	8.1%	8.4%	6.4%	4.2%	3.0%	4.6%	7.4d	steady	$2.4M	4h/1h	Mx Hy	calc
MEXCCEX	Aster	8.1%	8.4%	5.7%	2.8%	2.6%	3.8%	7.7d	steady	$51k		Mx As	calc
MEXCCEX	BitgetCEX	8.1%	8.4%	6.4%	4.0%	2.3%	3.4%	9.1d	steady	$3.4M		Mx Bg	calc
BinanceCEX	Hyperliquid	7.1%	8.4%	6.8%	4.5%	1.9%	2.8%	10d	steady	$2.4M	4h/1h	Bn Hy	calc
MEXCCEX	BybitCEX	8.1%	3.8%	5.5%	2.4%	1.6%	2.4%	9.9d	steady	$5.7M		Mx By	calc
GateCEX	Lighter	−0.4%	1.9%	6.8%	2.7%	2.8%	4.3%	8.1d	mixed	$187k	4h/1h	Gt Li	calc
BinanceCEX	Aster	7.1%	8.4%	6.1%	3.0%	1.4%	2.1%	11d	steady	$51k		Bn As	calc
BinanceCEX	BitgetCEX	7.1%	8.4%	6.8%	4.3%	1.1%	1.6%	12d	steady	$3.4M		Bn Bg	calc
GateCEX	Hyperliquid	0.0%	2.9%	7.3%	3.1%	1.0%	1.5%	12d	cooling	$2.4M	4h/1h	Gt Hy	calc
GateCEX	Aster	0.0%	2.9%	6.5%	1.6%	0.5%	0.8%	13d	cooling	$51k		Gt As	calc
Lighter	Variational	0.4%	1.0%	0.5%	0.4%	0.5%	0.8%	<0.1d	weak	$161k	1h/4hspread not incl.	Li Va	calc
BinanceCEX	BybitCEX	7.1%	3.8%	5.9%	2.4%	0.5%	0.7%	13d	steady	$10.7M		Bn By	calc
GateCEX	BitgetCEX	0.0%	2.9%	7.3%	2.9%	0.2%	0.4%	14d	cooling	$3.4M		Gt Bg	calc
GateCEX	BybitCEX	0.0%	−1.7%	6.4%	1.3%	−0.4%	−0.6%	15d	cooling	$7.9M		Gt By	calc
Aster	Variational	0.0%	0.0%	0.7%	1.5%	−1.3%	−2.0%	39d	weak	$51k	spread not incl.	As Va	calc
Lighter	Hyperliquid	0.4%	1.0%	0.5%	0.4%	−1.8%	−2.7%	64d	weak	$187k		Li Hy	calc
BybitCEX	Variational	0.0%	4.6%	0.9%	1.8%	−2.0%	−3.0%	45d	weak	$161k	spread not incl.	By Va	calc
Lighter	Aster	0.4%	1.0%	−0.2%	−1.0%	−2.3%	−3.5%	—	weak	$51k	1h/4h	Li As	calc
Lighter	BitgetCEX	0.4%	1.0%	0.5%	0.2%	−2.6%	−3.9%	85d	weak	$187k	1h/4h	Li Bg	calc
Lighter	BybitCEX	0.4%	−3.6%	−0.4%	−1.4%	−3.2%	−4.9%	—	weak	$187k	1h/4h	Li By	calc
Aster	Hyperliquid	0.0%	0.0%	0.7%	1.5%	−3.7%	−5.5%	83d	weak	$51k	4h/1h	As Hy	calc
Aster	Lighter	−0.4%	−1.0%	0.2%	1.0%	−1.9%	−2.8%	127d	mixed	$51k	4h/1h	As Li	calc
MEXCCEX	BinanceCEX	1.0%	0.0%	−0.4%	−0.1%	−4.1%	−6.1%	—	weak	$5.7M		Mx Bn	calc
BybitCEX	Hyperliquid	0.0%	4.6%	0.9%	1.8%	−4.3%	−6.5%	82d	weak	$2.4M	4h/1h	By Hy	calc
Aster	BitgetCEX	0.0%	0.0%	0.7%	1.2%	−4.5%	−6.7%	98d	weak	$51k		As Bg	calc
BybitCEX	Aster	0.0%	4.6%	0.1%	0.3%	−4.8%	−7.2%	474d	weak	$51k		By As	calc
BybitCEX	Lighter	−0.4%	3.6%	0.4%	1.4%	−2.5%	−3.7%	107d	mixed	$187k	4h/1h	By Li	calc
BybitCEX	BitgetCEX	0.0%	4.6%	0.9%	1.6%	−5.1%	−7.7%	94d	weak	$3.4M		By Bg	calc
MEXCCEX	GateCEX	8.1%	5.6%	−0.8%	1.1%	−5.8%	−8.7%	—	weak	$5.7M		Mx Gt	calc
BinanceCEX	MEXCCEX	−1.0%	0.0%	0.4%	0.1%	−3.2%	−4.9%	127d	mixed	$5.7M		Bn Mx	calc
BinanceCEX	GateCEX	7.1%	5.5%	−0.4%	1.1%	−7.0%	−10.4%	—	weak	$7.9M		Bn Gt	calc
GateCEX	MEXCCEX	−8.1%	−5.6%	0.8%	−1.1%	−4.1%	−6.2%	82d	mixed	$5.7M		Gt Mx	calc
GateCEX	BinanceCEX	−7.1%	−5.5%	0.4%	−1.1%	−6.1%	−9.1%	207d	mixed	$7.9M		Gt Bn	calc
Lighter	GateCEX	0.4%	−1.9%	−6.8%	−2.7%	−10.7%	−16.0%	—	mixed	$187k	1h/4h	Li Gt	calc

What the columns and badges mean

now: Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h: Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d: Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d: Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend: Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR: 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital: Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven: Days of 7d-average funding needed to pay back open+close taker fees.
Min OI: Smaller open interest of the two legs, USD.
steady: Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike: The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed: The spread was negative too often: not negative in only X% of hours over 7 days.
new: Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak: Prior-week spread under 5% APR: too small to call steady.
cooling: The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?: Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale: At least one leg has not updated for over 30 minutes.
low OI: Open interest under $50k on at least one leg — size carefully.
8h/1h: Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi: Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only: Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.: A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX: Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 04:36 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

Indicative (mark or mid prices): buy on Variational at 0.0798018, sell on Hyperliquid at 0.080484: 0.851% before fees, 0.761% after taker fees.

PYTH: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Hyperliquid0.080484	Gate0.08047	Aster0.08045	MEXC0.08043	Bitget0.08042	RWA Perp0.08042	Bybit0.0804	Binance0.0803651	Lighter0.07992	Variational0.0798018
Variational0.0798018	0.851%	0.834%	0.809%	0.784%	0.772%	0.772%	0.747%	0.703%	0.148%	—
Lighter0.07992	0.703%	0.686%	0.661%	0.636%	0.624%	0.624%	0.599%	0.555%	—	−0.148%
Binance0.0803651	0.148%	0.130%	0.106%	0.081%	0.068%	0.068%	0.043%	—	−0.555%	−0.703%
Bybit0.0804	0.104%	0.087%	0.062%	0.037%	0.025%	0.025%	—	−0.043%	−0.599%	−0.747%
Bitget0.08042	0.080%	0.062%	0.037%	0.012%	—	0.000%	−0.025%	−0.068%	−0.624%	−0.772%
RWA Perp0.08042	0.080%	0.062%	0.037%	0.012%	0.000%	—	−0.025%	−0.068%	−0.624%	−0.772%
MEXC0.08043	0.067%	0.050%	0.025%	—	−0.012%	−0.012%	−0.037%	−0.081%	−0.636%	−0.784%
Aster0.08045	0.042%	0.025%	—	−0.025%	−0.037%	−0.037%	−0.062%	−0.106%	−0.661%	−0.809%
Gate0.08047	0.017%	—	−0.025%	−0.050%	−0.062%	−0.062%	−0.087%	−0.130%	−0.686%	−0.834%
Hyperliquid0.080484	—	−0.017%	−0.042%	−0.067%	−0.080%	−0.080%	−0.104%	−0.148%	−0.703%	−0.851%

All quotes (10)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	0.08045	0.08045	mark	7m	$212k	no FX
BinanceCEX	0.0803651	0.0803651	mark	6m	$17.6M	no FX
BitgetCEX	0.08042	0.08042	mark	6m	$3.2M	no FX
BybitCEX	0.0804	0.0804	mark	6m	$5.9M	no FX
GateCEX	0.08047	0.08047	mark	6m	$447k	no FX
Hyperliquid	0.080484	0.080484	mark	7m	$1.0M
Lighter	0.07992	0.07992	mark	7m	$65k
MEXCCEX	0.08043	0.08043	mark	7m	$2.6M	no FX
RWA Perp	0.08042	0.08042	mark	7m	$3k
Variational	0.0798018	0.0798018	mark	7m	$307k

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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