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Perpetual market

PYTH on Hyperliquid

PYTH trades at $0.05407 on Hyperliquid, down 1.00% over 24 hours, with a maximum leverage of 5x, $517.88K of 24-hour volume, and $2.42M in open positions. Funding is 0.00125% per hour, so longs are paying shorts.

Maximum leverage on this market is 5x, which puts the maintenance margin at 10.00% of notional. Live figures read from the exchange's public API at 8 Sept 2026, 18:17 UTC.

What it costs to hold this position

Cost of a $10,000 position in PYTH, at the entry fee tier.
Taker fee to open$4.50
Taker fee with a referral code$4.32
Maker fee to open$1.50
Funding, per day at the current rate $3.00
Gas per trade$0

Funding is a payment between traders, not a fee. At the current rate, longs pay shorts every hour. How the rate is set.

Margin on this market

Maximum leverage5x
Maintenance margin10.00%
Initial margin at max leverage20.00%
Margin modeCross or isolated
Size decimals0
Oracle price$0.05407

Maximum leverage can step down above published position-size thresholds. See the margin tiers, and how liquidation is calculated.

Questions about PYTH

What is the maximum leverage on PYTH on Hyperliquid?
5x. That sets the maintenance margin at 10.00% of notional, so a move of roughly that size against a fully extended position triggers liquidation.
What is the funding rate on PYTH?
0.00125% per hour at the last refresh, which is 0.03% per day if it held. Longs are paying shorts.
How much does it cost to trade PYTH?
A taker order at the entry fee tier costs 0.045% of notional, or 0.0432% with a referral code applied. There is no gas on the trade itself.

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