PYTHUSDT perpetual

Contract data read from Binance, Bybit, OKX and Hyperliquid public endpoints · 2026-10-03 21:16:58 UTC

PYTHUSDT is a USDT-margined perpetual on Binance, marked at 0.07784 USDT inside a 24-hour band of 0.07603–0.08177 (1.99%). Open interest is 136,383,831 PYTH, about 10.62M USDT in live exposure, against 11.23M USDT traded in 24 hours. Funding settles every 4 hours at 0.0050%, 0.000003892 USDT per PYTH held.

Mark price	0.07784 USDT
24h range	0.07603 – 0.08177 USDT
24h change	1.99%
24h volume	11.23M USDT
Open interest	136,383,831 PYTH
Open interest value	10.62M USDT
Funding rate	0.0050% / 4h
Minimum order	5 USDT ≈ 64.234327 PYTH
Quantity step	1 PYTH ≈ 0.07784 USDT
Price tick	0.0000100 USDT (0.01285% of mark)

At 0.0050% the long pays the short: a 10,000 USDT position moves 0.5000 USDT every 4 hours, 3.000 USDT a day, 10.95% a year.
Daily turnover runs 1.06× the 10.62M USDT sitting in open positions.
Bybit caps this contract at 50×, so initial margin starts near 2.00% of notional — 0.001557 USDT per PYTH.
Binance caps each settlement at ±2.00% — at most 0.001557 USDT per PYTH, 4,380% annualised.
Hyperliquid shows 21,465,324 PYTH of open interest here, 0.16× Binance's 136,383,831 PYTH.

Annualised funding, each venue on its own 4/4/4/1-hour cycle: Binance 10.95% · Bybit 10.95% · OKX -6.69% · Hyperliquid 10.95%. The gap is 17.64 points — OKX is the cheapest venue to hold a long here, Binance the dearest.

FAQ

PYTHUSDT questions

Binance requires 5 USDT of notional, which at 0.07784 USDT is 64.234327 PYTH; size then moves in steps of 1 PYTH.

Every 4 hours. The current rate is 0.0050% — 0.000003892 USDT per PYTH per settlement, 10.95% a year if it holds.

Open interest is 136,383,831 PYTH (10.62M USDT) with 11.23M USDT changing hands over 24 hours.

Bybit allows up to 50×, putting initial margin around 2.00% of position value — 0.001557 USDT per PYTH at the current mark.

Run your own rules on PYTHUSDT