PYTHUSDT perpetual

Contract data read from Binance, Bybit, OKX and Hyperliquid public endpoints · 2026-07-30 12:26:48 UTC

PYTHUSDT is a USDT-margined perpetual on Binance, marked at 0.04104 USDT inside a 24-hour band of 0.03867–0.04131 (1.11%). Open interest is 177,904,934 PYTH, about 7.30M USDT in live exposure, against 5.99M USDT traded in 24 hours. Funding settles every 4 hours at 0.0035%, 0.000001446 USDT per PYTH held.

Mark price	0.04104 USDT
24h range	0.03867 – 0.04131 USDT
24h change	1.11%
24h volume	5.99M USDT
Open interest	177,904,934 PYTH
Open interest value	7.30M USDT
Funding rate	0.0035% / 4h
Minimum order	5 USDT ≈ 121.843967 PYTH
Quantity step	1 PYTH ≈ 0.04104 USDT
Price tick	0.0000100 USDT (0.02437% of mark)

At 0.0035% the long pays the short: a 10,000 USDT position moves 0.3524 USDT every 4 hours, 2.114 USDT a day, 7.72% a year.
Daily turnover runs 0.82× the 7.30M USDT sitting in open positions.
Bybit caps this contract at 50×, so initial margin starts near 2.00% of notional — 0.0008207 USDT per PYTH.
Binance caps each settlement at ±2.00% — at most 0.0008207 USDT per PYTH, 4,380% annualised.

Annualised funding, each venue on its own 4/4/4/1-hour cycle: Binance 7.72% · Bybit -105.47% · OKX 10.64% · Hyperliquid 10.95%. The gap is 116.42 points — Bybit is the cheapest venue to hold a long here, Hyperliquid the dearest.

PYTHUSDT questions

What is the smallest PYTHUSDT position?

Binance requires 5 USDT of notional, which at 0.04104 USDT is 121.843967 PYTH; size then moves in steps of 1 PYTH.

How often does PYTHUSDT funding settle?

Every 4 hours. The current rate is 0.0035% — 0.000001446 USDT per PYTH per settlement, 7.72% a year if it holds.

How liquid is PYTHUSDT right now?

Open interest is 177,904,934 PYTH (7.30M USDT) with 5.99M USDT changing hands over 24 hours.

What leverage is available on PYTHUSDT?

Bybit allows up to 50×, putting initial margin around 2.00% of position value — 0.0008207 USDT per PYTH at the current mark.

Run your own rules on PYTHUSDT