Squeeze Insights Lab
All Pairs

PYTH/USDT

Last updated: 11/2/2026, 4:46:42 AM

LOW RISK

Market calm across metrics

Stress Score (Normalized)
0.0670–1
1.0
Low RiskExtreme

Pulse signals— velocity & rarity composite

What's moving fast right now. Independent from the static stress score.

View timeline →
Pulse score (0–1)
0.524
Higher = inputs are simultaneously rare for this token and changing fast.
OI Δ 24h
+0.8%
OI Δ 7d
-18.8%
OI acceleration
+6.4%
ΔFunding 24h
+0.000%
|Funding| %ile
96
Vol compression
95
Volume spike
0
Perp basis
-0.031%

Stress-score timeline

StressPulse
00.5108-0508-2209-0909-2610-1511-01
2026-08-05 → 2026-11-01 · daily snapshots since tracking began

Aggregated Open Interest (All Exchanges)

Total OI
$15.75M
Binance
$7.46M
47.4%
Bybit
$6.69M
42.5%
KuCoin
$1.60M
10.2%
Market Cap
$561.81M
Market Cap / Aggregated OI
$561.81M / $15.75M= 35.6722

Risk Signals (Extra)

OI / Volume (24h)
1.483
Level: high
Exchange OI Dominance
binance
Share: 47.4%
No dominance risk

Liquidation history

Long-side 77% of 30d liqstoday: 39th percentile of 90d
$302.8K$301.3K$008-0408-2309-1009-2710-1511-02
Long liqs (above) Short liqs (below)

Positioning summary

Binance's top traders by position size are 64.3% long and 35.7% short in PYTHUSDT, a long/short ratio of 1.80. All accounts on the venue sit at 36.9% long, so the largest positions are leaning further long than the crowd. PYTH has no Hyperliquid whale book, so these venue-wide ratios stand in for it; the interactive panel below reloads them on its own.

Interval:

Open Interest

Coinalyze
Latest
$7.46M
ΔOI
-$411.37K

Funding Rate

Coinalyze
Latest
0.0050%
Points
24
Per-exchange futures data
▾
MetricBinanceBybitKuCoin
Price$0.06484$0.06492$0.06484
OI (USD)$7.46M$6.69M$1.60M
OI share47.4%42.5%10.2%
OI (tokens)115,060,571103,006,96824,700,800
Funding rate0.0050%——

A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.

External Data (CoinMarketCap & Coinalyze)

Market Cap
$561.81M
24h Liquidations
$21.90K
Token Symbol
PYTH
Sources
CMC, Coinalyze

PYTH sits in the BTC-trackers cohort. These perpetuals trade alike, so their leverage tends to build and unwind the way PYTH's does:

Stress score (0–1) and 24h price change, from the same daily sync as this page.

PYTH perpetuals — common questions

Answered from this pair's current readings, refreshed with the daily sync.

What are PYTH's current liquidation levels?

Across the exchanges we aggregate, $21.9K of PYTH positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for PYTHUSDT is the realised liquidation flow above plus the long/short split in the liquidation-history chart on this page — not a map of where stops sit.

How much open interest does PYTH have right now?

Aggregated open interest in PYTH perpetuals is $15.75M: $7.46M on Binance (47%), $6.69M on Bybit (42%) and $1.60M on KuCoin (10%). That position base is +0.8% over 24 hours and -18.8% over the last week. Open interest is 1.48× the pair's 24-hour volume, so positions are being held rather than churned.

What is PYTH's funding rate?

Binance settles PYTHUSDT funding at 0.0050% every 8 hours, which annualises to roughly 5.5%. Funding is positive, so longs are paying shorts to keep the trade on — the crowd is leaning long and carrying a cost to do it. At that rate a $10,000 position on the long side pays about $1.50 a day to stay open.

Is PYTH over-leveraged right now?

PYTH's leverage-stress score is 0.067 out of 1.0, which we band as low risk. It blends three readings: how big the perp book is next to the token itself ($561.81M of market cap against $15.75M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($21.9K in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.

Has PYTH seen heavy liquidations lately?

Over the last 30 complete days, 77% of the PYTH notional that got liquidated was long positions and 23% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 39th percentile of the last 90 days, meaning today is about normal for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.

Is PYTH's positioning changing quickly?

PYTH's pulse score is 0.333 out of 1.0 — a measure of how unusual its current open-interest, funding and volatility moves are against its own 90-day history, kept deliberately separate from the stress score. The readings behind it right now: open interest +0.8% in a day and an unusually tight trading range. At this level nothing unusual is happening yet.

PYTH/USDT (PYTHUSDT) perpetual futures shows a leverage-stress score of 0.067 out of 1.0 (low risk), $15.75M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of 0.0050% as of Nov 2, 2026. These are diagnostic readings of market conditions, not a trade signal.