PYPL perps: where to trade PayPal perpetual futures
8 tracked venues list PYPL perps.
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The cheapest place to trade PYPL perps right now is Binance (PYPLUSDT): 17.69 bps all-in for a $10,000 market buy at the standard taker fee, measured 11:12 UTC on 2026-10-03.
The next two venues are Bitget 23.39 bps and Bybit 72.90 bps. 4 of 8 PYPL markets gave a measured cost.
The Binance fee in this cost is a promotion for every account. Binance can end it.
Promo rate for eligible accounts: MEXC (PYPLSTOCK_USDT) shows 12.57 bps at a 0.000% taker fee that only some accounts get (MEXC: stock futures listing notice, checked 2026-09-25). MEXC does not state the PYPL fee for other accounts, so this cost is not ranked.
PYPL perps list on 8 tracked venues: 6 centralized exchanges, 2 other decentralized venues. Avantis (PYPL/USD) and Gains Network (PYPL/USD) fill at an oracle price, with no public PYPL book to measure.
Maximum PYPL leverage runs from 4x on Gains Network (PYPL/USD) to 25x on Bybit (PYPLUSDT).
PYPL funding and open interest
Funding now runs from 0.0% a year on Binance to 0.0% on OKX, across 6 PYPL markets. A positive rate means that longs pay shorts.
6 PYPL markets report open interest, $3.3 million in total. Binance holds 83% of it ($2.7 million).
Measured PYPL cost for a $10,000 buy
- Binance17.69
- Bitget23.39
- Bybit72.90
- Gate73.54
Where to trade PayPal perpetual futures
| Venue | Market | Max leverage | Funding now | Annual rate now | 7-day mean, annual | Open interest | Book cost (bps) | Taker fee | All-in (bps) | Promo rate, eligible accounts |
|---|---|---|---|---|---|---|---|---|---|---|
| Binance | PYPLUSDT | 20x | 0.0000% / 8 h | 0.0% | 0.0% | $2.7M | 13.69 | 0.040% (docs, promotion for all accounts) | 17.69 | — |
| Bitget | PYPLUSDT | 20x | 0.0000% / 8 h | 0.0% | +3.9% | $49K | 17.39 | 0.060% (API) | 23.39 | — |
| Bybit | PYPLUSDT | 25x | 0.0000% / 8 h | 0.0% | 0.0% | $338K | 70.15 | 0.028% (docs, promotion for all accounts) | 72.90 | — |
| Gate | PYPL_USDT | 20x | 0.0000% / 8 h | 0.0% | 0.0% | $23K | 66.04 | 0.075% (API) | 73.54 | — |
| MEXC | PYPLSTOCK_USDT | 20x | 0.0000% / 8 h | 0.0% | 0.0% | $114K | 12.57 | Not stated for all accounts | — | 0.000% = 12.57 bps (eligible accounts, source, 2026-09-25) |
| OKX | PYPL-USDT-SWAP | 20x | 0.0000% / 8 h | 0.0% | 0.0% | $41K | — | 0.050% (docs) | — | — |
| Avantis | PYPL/USD | 25x | — | — | — | — | No PYPL book | Oracle model | — | — |
| Gains Network | PYPL/USD | 4x | — | — | — | — | No PYPL book | Oracle model | — | — |
Method: a $10,000 PYPL market buy fills against each public PYPL book.
The PYPL book cost is that fill price against the mid, in bps. The PYPL all-in cost adds the standard taker fee that every new account gets.
A PYPL promo rate that only eligible accounts get is shown in its own column and is never ranked.
A PYPL book price does not prove that the venue accepts PYPL orders at that time, so check the PYPL hours table.
Annual PYPL funding is the rate per hour times 8,760, with no compounding. The PYPL markets come from venue APIs read on 2026-09-25.
PYPL trading hours and price source by venue
| Venue | Market | Hours | Price source |
|---|---|---|---|
| Avantis | PYPL/USD | 23/5 or 9:30–16:00 ET | Pyth Pro, Chainlink |
| Binance | PYPLUSDT | 24/7, book EWMA weekends | Unnamed data vendors |
| Bitget | PYPLUSDT | 24/7, book EMA off-hours | Pyth, dxFeed, Massive, Intrinio |
| Bybit | PYPLUSDT | 24/7 | Index with Pyth |
| Gains Network | PYPL/USD | Mon–Fri 9:35–16:00 ET | Chainlink |
| Gate | PYPL_USDT | Index holds last close | Paid feeds, crypto venues |
| MEXC | PYPLSTOCK_USDT | Varies, no trades closed | Not named in docs |
| OKX | PYPL-USDT-SWAP | 24/7 book, anchored weekends | Several providers |
Find your liquidation price with the liquidation price calculator for PYPL. Compare all tickers on the stock perps hub.
Where to Trade PayPal (PYPL) Perpetual Futures
Fees and leverage limits apply venue-wide; check PYPL terms with the venue.
PayPal (PYPL) market overview
PayPal is a leading digital payments platform serving hundreds of millions of consumers and merchants globally, and has entered the stablecoin market with its PYUSD token. PYPL stock perps are particularly relevant for crypto traders given PayPal's PYUSD stablecoin initiative and its role as a gateway between traditional payments and digital assets.
Frequently Asked Questions — PayPal (PYPL)
How does a PayPal perpetual futures contract differ from the underlying asset?
A PayPal perpetual tracks the PayPal price, with no expiry date and no ownership of PayPal.
Check each venue for PayPal trading hours and the price source.
Category: Stock