PAYP (PayPay Corporation ADR (Nasdaq: PAYP)) perpetual futures
PAYP (PayPay Corporation ADR (Nasdaq: PAYP)) perpetuals trade on 8 markets. 24h volume $2.42M, open interest $2.10M. Best funding APR +13.47% on kucoin. Cheapest $100k execution (24h median): 40.45 bps on asterdex.
Funding rates by venue
Live funding rate, price, liquidity and the funding actually paid over the last 24 hours, 7 and 30 days for PAYP (PayPay Corporation ADR (Nasdaq: PAYP)) on every venue we track.
| Exchange | Symbol | Price | 24h volume | Open interest | Funding / interval | Funding APR | Paid 24h | Paid 7d | Paid 30d |
|---|---|---|---|---|---|---|---|---|---|
| bingx | NCSKPAYP2USD-USDT | 17.70 | $1.25M | $962.1K | 0.0050% | +5.48% | +0.0100% | +0.0030% | +0.0443% |
| gravitymarkets | PAYP_USDT_Perp | 17.70 | $488.2K | $130.8K | 0.0000% | +0.00% | -0.0050% | +0.0043% | -0.5263% |
| binance | PAYPUSDT | 17.70 | $425.2K | $248.4K | 0.0000% | +0.00% | +0.0000% | +0.0253% | +0.2525% |
| mexc | PAYPSTOCK_USDT | 17.69 | $93.2K | $467.2K | 0.0000% | +0.00% | +0.0000% | +0.0255% | +0.2504% |
| variational | PAYP | 17.69 | $87.7K | $138.1K | 0.0000% | +0.00% | — | — | — |
| kucoin | PAYPUSDTM | 17.67 | $69.5K | $62.5K | 0.0123% | +13.47% | +0.0340% | +0.2801% | +0.4988% |
| gateio | PAYP_USDT | 17.66 | $6.5K | $81.9K | 0.0000% | +0.00% | +0.0000% | +0.0000% | +0.1101% |
| asterdex | PAYPUSDT | 17.72 | $792.07 | $13.4K | 0.0000% | +0.00% | +0.0000% | +0.0000% | +0.0589% |
Funding spread across venues
Across 8 venues the funding APR on PAYP (PayPay Corporation ADR (Nasdaq: PAYP)) runs from +0.00% on gravitymarkets to +13.47% on kucoin. The gap between them is 13.47 percentage points a year: that is what a delta-neutral position would collect before fees, holding long on the venue that pays and short on the venue that charges. Over the last 30 days the largest amount actually settled was +0.4988% of position size on kucoin.
Liquidity
Across the venues listed above PAYP (PayPay Corporation ADR (Nasdaq: PAYP)) shows $2.42M of 24h volume and $2.10M of open interest. The deepest venue by 24h volume is bingx at $1.25M.
Execution cost
The cheapest venue to open a $100k position in PAYP (PayPay Corporation ADR (Nasdaq: PAYP)), measured as the 24h median of the full cost including taker fee and slippage, is asterdex at 40.45 bps. Funding only pays off once the cost of getting in and out is covered, so this number belongs next to the APR above.
What the funding rate on PAYP (PayPay Corporation ADR (Nasdaq: PAYP)) means
A perpetual future on PAYP (PayPay Corporation ADR (Nasdaq: PAYP)) has no expiry, so venues use a funding payment to keep its price tied to spot. When the perp trades above spot, longs pay shorts; when it trades below, shorts pay longs. The rate shown per venue is the share of position size paid at each settlement, and the APR is that share annualised over the venue's own interval. Venues settle PAYP (PayPay Corporation ADR (Nasdaq: PAYP)) on different schedules: 8h.
Because every venue computes its own rate from its own order book, the same asset can pay very differently in the same hour. The "paid" columns show what was actually settled rather than what is quoted now, which is the honest way to judge whether a PAYP (PayPay Corporation ADR (Nasdaq: PAYP)) position earned or cost money.
Frequently asked questions
What is the funding rate on PAYP (PayPay Corporation ADR (Nasdaq: PAYP)) right now?
Across 8 venues the funding APR on PAYP (PayPay Corporation ADR (Nasdaq: PAYP)) runs from +0.00% on gravitymarkets to +13.47% on kucoin. The gap between them is 13.47 percentage points a year: that is what a delta-neutral position would collect before fees, holding long on the venue that pays and short on the venue that charges. Over the last 30 days the largest amount actually settled was +0.4988% of position size on kucoin.
Which venue has the most liquid PAYP (PayPay Corporation ADR (Nasdaq: PAYP)) perpetual?
Across the venues listed above PAYP (PayPay Corporation ADR (Nasdaq: PAYP)) shows $2.42M of 24h volume and $2.10M of open interest. The deepest venue by 24h volume is bingx at $1.25M.
How often is funding paid on PAYP (PayPay Corporation ADR (Nasdaq: PAYP))?
Venues settle PAYP (PayPay Corporation ADR (Nasdaq: PAYP)) on different schedules: 8h.
Data generated at 2026-09-22T00:08:10Z. Live numbers load on this page automatically.