PYTH perpetual futures on 8 exchanges

Funding rate, maximum leverage and margin tiers for PYTH on Binance, OKX, Bybit, Gate, Bitget, Hyperliquid, MEXC, KuCoin, side by side. Data as of 11 Oct 2026, 09:06 UTC.

The highest leverage on PYTH is 125x, on MEXC; Hyperliquid allows up to 5x.

Funding, converted to an 8-hour rate, ranges from +0.0050% on MEXC to +0.0100% on OKX. Longs pay shorts on every exchange.

At 20x, the largest position you can open ranges from about 19,385 USDT on OKX to 77,840,000,000,000 USDT on MEXC.

Funding and leverage

ExchangeMark priceFunding / 8hAnnualisedSettles everyMax leverageTier 1 maint. rateCalculators
Binance 0.077550 USDT +0.0098% +10.8% 4 h 75x 1%
OKX 0.077540 USDT +0.0100% +11.0% 4 h 50x 1%
Bybit 0.077720 USDT +0.0100% +11.0% 4 h 50x 0.8%
Gate 0.077680 USDT +0.0100% +11.0% 4.0 h 75x 0.833%
Bitget 0.077730 USDT +0.0100% +11.0% 4 h 75x 1%
Hyperliquid 0.077855 USDC +0.0100% +11.0% 1 h 5x 10%
MEXC 0.077840 USDT +0.0050% +5.5% 8 h 125x 0.4%
KuCoin 0.077880 USDT +0.0100% +11.0% 4.0 h 50x 1.2%

Positive funding means longs pay shorts. Rates are converted to an 8-hour period because exchanges settle every 1, 4 or 8 hours for PYTH. Live rates: funding rate table.

Largest position at each leverage

ExchangeAt 10xAt 20xAt 50xAt 100xMargin tiers
Binance 750K USDT200K USDT15.0K USDT— 11
OKX 213K USDT19.4K USDT5.0K USDT— 93
Bybit 700K USDT200K USDT40.0K USDT— 30
Gate 200K USDT100K USDT20.0K USDT— 19
Bitget 700K USDT200K USDT15.0K USDT— 9
Hyperliquid ———— 1
MEXC 77,840B USDT77,840B USDT77,840B USDT77,840B USDT 1
KuCoin 300K USDT100K USDT10.0K USDT— 8

Position value in the margin currency. "—" means the exchange doesn't allow that leverage for PYTH, or doesn't publish the limit (BingX lists only its first tier).

Reading these numbers

Maximum leverage only applies to small positions. Every exchange splits a contract into margin tiers: as the position grows, the allowed leverage falls and the maintenance margin rate rises, so the liquidation price moves closer to entry. The second table shows where each exchange draws those lines for PYTH. If you plan a large position, check it there before choosing the exchange.

Funding is paid between longs and shorts, not to the exchange. Over a position held for days it often costs more than trading fees, and the rate can differ a lot between exchanges for the same coin.

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