Pyth Network
High-frequency price feeds from trading firms. PYTH-PERP competes with LINK narrative.
0.02%
0.0192% with AWD
0.05%
0.048% with AWD
1 Hour
vs 8 hours on CEX
4% OFF
With code AWD
Visit app.hyperliquid.xyz/join/AWD and connect your MetaMask or WalletConnect wallet.
Bridge USDC from Arbitrum to Hyperliquid. The bridge takes 1-5 minutes with minimal fees.
Select PYTH-PERP, set your leverage, and open a position with 4% reduced fees.
PYTH (Pyth Network) perpetual futures allow traders to speculate on PYTH price movements without holding the actual token. On Hyperliquid, PYTH-PERP trades against USDC with no expiry date, meaning positions can be held indefinitely as long as margin requirements are met.
Hyperliquid offers deep liquidity for PYTH trading with competitive spreads and minimal slippage for most position sizes.
Unlike centralized exchanges, trading PYTH on Hyperliquid requires no KYC verification. Connect any EVM-compatible wallet, bridge USDC from Arbitrum, and start trading with leverage up to 50x. Your funds remain in self-custody throughout - no exchange holds your assets.
The funding rate is a periodic payment between long and short traders that keeps perpetual futures prices aligned with the spot market. On Hyperliquid, PYTH funding is calculated and paid every hour - 8x more frequent than most exchanges.
When funding is positive, traders holding long positions pay those holding shorts. When negative, the opposite occurs. Traders can profit from funding by taking positions opposite to market sentiment.
| Feature | Hyperliquid | Binance | Bybit |
|---|---|---|---|
| Maker Fee | 0.02% (0.0192% w/ AWD) | 0.02% | 0.02% |
| Taker Fee | 0.05% (0.048% w/ AWD) | 0.04% | 0.055% |
| Type | DEX (Decentralized) | CEX | CEX |
| KYC Required | No | Yes | Yes |
| Self-Custody | Yes | No | No |
| Funding Interval | 1 hour | 8 hours | 8 hours |
Get 4% off all trading fees with referral code AWD. No KYC required, self-custody, and the lowest fees in DeFi.
Trade PYTH on Hyperliquid