PYTH Funding Rate — live across 12 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized PYTH perpetual funding across all 12 venues Perpia tracks. Right now PYTH funding is positive on 3 and negative on 9, ranging from +10.9% on Aster to -60.0% on BackPack — a spread of 70.9%. The widest delta-neutral trade is long BackPack / short Aster at 67.9% net APR.
PYTH funding rate by venue
58 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Aster | +10.9% | 4h |
| KuCoin | +10.9% | 4h |
| Lighter | +10.5% | 8h |
| MEXC | -4.5% | 8h |
| Binance | -4.6% | 8h |
| OKX | -8.4% | 4h |
| Gate.io | -13.1% | 4h |
| Bitget | -21.7% | 4h |
| Hyperliquid | -31.7% | 1h |
| Bybit | -52.3% | 4h |
| BingX | -53.7% | 4h |
| BackPack | -60.0% | 1h |
Rates annualized; updated ~every few minutes from live venue data.
Loading PYTH backtest…
PYTH funding — FAQ
Is PYTH funding positive right now?
PYTH perpetual funding is positive on 3 of 12 venues Perpia tracks and negative on 9. The highest is +10.9% on Aster; the lowest is -60.0% on BackPack.
What is the best PYTH funding arbitrage right now?
Go long BackPack and short Aster for about 67.9% net APR after fees — the widest delta-neutral PYTH spread Perpia currently sees.
Which exchange has the highest PYTH funding rate?
Aster, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How PYTH funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.