PYPLUSDT Price Today: PayPal Stock Perpetual
Live PYPLUSDT price data, funding rates, and trading specs on Bybit. Track PayPal stock perpetuals with 24/7 access and up to 10x leverage.
[Live PYPLUSDT Price Widget] $[LIVE PRICE] | 24H Change: [+/-X.XX%] | Last updated: [HH:MM:SS UTC]
PYPLUSDT Key Market Data
| Metric | Value |
|---|---|
| Mark Price | $[LIVE] |
| Index Price | $[LIVE] |
| Funding Rate | [+/-X.XXXX%] / Next in [HH:MM] |
| 24H Volume | $[LIVE] |
| Open Interest | $[LIVE] |
| 24H High | $[LIVE] |
| 24H Low | $[LIVE] |
PYPLUSDT Price Chart
Use the interactive PYPLUSDT price chart to analyze historical price action across multiple timeframes.
[TradingView widget: BYBIT:PYPLUSDT, candlestick, default 1D, timeframe toggles: 1H / 4H / 1D / 1W / 1M]
Past performance is not indicative of future results.
What Is PYPLUSDT?
PYPLUSDT is a perpetual contract on Bybit that tracks the price of PayPal Holdings stock (NASDAQ: PYPL), settled in USDT with no expiry date. The ticker breaks down as: PYP (from PYPL, the stock ticker for PayPal Holdings), L (Bybit's leveraged perpetual suffix for stock pairs), and USDT (Tether, the settlement currency). You can open long or short PYPLUSDT positions to gain price exposure to PayPal Holdings stock without owning shares.
The underlying asset is PayPal Holdings, Inc. (ticker: PYPL), a publicly traded fintech company listed on NASDAQ. All PYPLUSDT positions are quoted and settled in USDT (Tether), a USD-pegged stablecoin, so your P&L is denominated in USDT rather than in PYPL shares or USD directly.
Perpetual contracts carry no expiry date, which separates them from standard futures contracts. Positions roll indefinitely, and the contract price stays anchored to the PYPL index price through a funding rate mechanism. When the contract trades at a premium to the index price, longs pay shorts. When it trades at a discount, shorts pay longs.
PYPLUSDT is part of Bybit's stock perpetuals suite, which includes perpetual contracts for major equities such as Tesla, Amazon, Apple, and Microsoft. For a full explanation of how this instrument works, see What Is PYPLUSDT? PayPal Stock Perpetual on Bybit Explained.
PYPLUSDT tracks PayPal Holdings stock (PYPL) and is not related to PYUSD, PayPal's USD stablecoin product.
PYPLUSDT Contract Specifications
The table below lists the PYPLUSDT contract specifications on Bybit. Verify current values on Bybit's PYPLUSDT contract details page before trading.
PYPLUSDT Contract Specifications on Bybit
| Parameter | Value |
|---|---|
| Contract Type | Perpetual |
| Underlying Asset | PayPal Holdings (PYPL) stock |
| Quote Currency | USDT (Tether) |
| Settlement Currency | USDT (Tether) |
| Contract Size | 1 contract = 1 PYPL share equivalent (verify on Bybit) |
| Minimum Order Quantity | Verify on Bybit's contract details page |
| Tick Size | Verify on Bybit's contract details page |
| Maximum Leverage | Up to 10x (verify on Bybit's contract details page) |
| Margin Type | USDT-margined (linear contract) |
| Funding Interval | Every 8 hours (verify on Bybit's contract details page) |
| Trading Hours | 24/7 (verify on Bybit's contract details page) |
| Listing Exchange | Bybit |
All values are subject to change. Confirm current specifications on Bybit's PYPLUSDT contract details page before opening a position.
Understanding PYPLUSDT Leverage and Margin
PYPLUSDT supports up to 10x leverage on Bybit, amplifying both potential gains and losses relative to your margin. Verify the current maximum on Bybit's contract details page before trading. PYPLUSDT uses USDT as initial margin, meaning the collateral required to open a position is calculated based on your position size and selected leverage multiplier. If the mark price reaches your liquidation price, Bybit closes your position automatically to prevent your margin balance from going negative. For full margin calculation details, see Bybit's margin documentation.
Trading with leverage carries significant risk of loss, including the potential loss of your entire margin balance.
How Does PYPLUSDT Track PayPal Stock? Mark Price, Index Price, and Funding Rate Explained
Index Price: How PYPLUSDT Is Anchored to PayPal Stock
The PYPLUSDT index price is derived from the price of PayPal Holdings (PYPL) stock on NASDAQ, serving as the reference rate for both mark price and funding rate calculations. Bybit aggregates the PYPL price from designated market data feeds to construct this index. Because NASDAQ operates during defined market hours, the index price can remain static at the last closing price once the session ends. This is a key behavioral difference from crypto perpetuals, where the underlying spot market trades around the clock.
Mark Price vs. Last Price vs. Index Price
Three distinct price values appear for PYPLUSDT, each serving a different function.
| Price Type | Definition | Used For |
|---|---|---|
| Index Price | Derived from PYPL stock price on NASDAQ | Reference rate for mark price and funding rate calculations |
| Mark Price | Bybit's fair price based on index price plus funding basis adjustment | Unrealized P&L calculation and liquidation trigger |
| Last Price | Most recent trade executed on Bybit's PYPLUSDT order book | Displayed as the headline price in the hero widget |
Bybit triggers liquidations using mark price, not last price, which protects your position from short-term price spikes on the order book.
The PYPLUSDT Funding Rate: How It Works for Stock Perpetuals
The funding rate is a periodic payment exchanged between long and short PYPLUSDT holders, keeping the contract price aligned with the PYPL index price. When the contract trades at a premium to the index price, positive funding means longs pay shorts. When it trades at a discount, negative funding means shorts pay longs. Bybit collects and distributes funding at regular intervals, typically every 8 hours; confirm the exact schedule in Bybit's funding rate documentation.
The stock perpetual distinction matters here. Because PYPL stock trades only during NASDAQ market hours, the reference rate does not update during off-hours. This can influence how the funding rate accrues when the market is closed, since there is no new price data driving the index. The current live funding rate and countdown to the next settlement appear in the key metrics bar above.
PYPLUSDT vs. PYPL Stock: Key Differences
PYPLUSDT gives you price exposure to PayPal Holdings (PYPL) without owning shares. The table below shows the key differences between trading PYPLUSDT on Bybit and buying PYPL stock through a traditional brokerage.
PYPLUSDT Perpetual Contract vs. PYPL Stock
| Feature | PYPLUSDT (Bybit) | PYPL Stock (Brokerage) |
|---|---|---|
| Asset Ownership | No. You hold a derivative contract, not shares | Yes. You own shares of PayPal Holdings |
| Leverage | Available up to 10x (verify current max on Bybit) | Not typically available for retail investors |
| Shorting | Open a short position directly | Requires a margin account and stock borrow |
| Trading Hours | 24/7 (verify on Bybit's contract details page) | NASDAQ market hours only (9:30am to 4:00pm ET, weekdays) |
| Settlement | USDT (Tether) | USD (via brokerage account) |
| Liquidation Risk | Yes. Leveraged positions can be liquidated | No. Shares depreciate but cannot be liquidated |
| Dividends | No. Derivative contract carries no dividend rights | Eligible if PayPal declares a dividend |
| Platform | Bybit (crypto derivatives exchange) | Regulated brokerage |
| Regulatory Framework | Crypto exchange regulation (varies by jurisdiction) | SEC-regulated securities market |
This comparison is for informational purposes only and does not constitute investment advice. Both instruments carry distinct risk profiles. Assess suitability based on your own financial situation.
For a full analysis of PYPLUSDT trading mechanics and risk factors in 2026, see the PYPLUSDT Trading Considerations 2026 guide.
How to Trade PYPLUSDT on Bybit
Create or log in to your Bybit account. Visit Bybit.com and register a new account or sign in to your existing one. Complete identity verification if required in your jurisdiction.
Navigate to the PYPLUSDT perpetual contract on Bybit. Go to the Derivatives section, select USDT Perpetual, and search for "PYPLUSDT" in the trading pair search bar.
Select your leverage and margin mode. Choose your leverage multiplier (up to 10x, verify the current maximum on Bybit's contract details page) and select cross margin or isolated margin based on your risk preference.
Enter your order. Set your order size, choose a limit or market order type, and select a long position (if you expect the price to rise) or a short position (if you expect it to fall).
Monitor your position. Track your unrealized P&L using the mark price on your position panel and watch the funding rate countdown to manage the holding cost of your position.
For a detailed walkthrough of every step — leverage selection, stop-loss placement, and order types — see the complete guide to trading PYPLUSDT on Bybit.
PYPLUSDT FAQ
What is PYPLUSDT?
PYPLUSDT is Bybit's perpetual contract for PayPal Holdings stock (NASDAQ: PYPL). It settles in USDT, carries no expiry date, and lets you take long or short positions on PYPL price movements without owning shares. Note: PYPLUSDT tracks PayPal Holdings stock (PYPL) and is not related to PYUSD, PayPal's stablecoin product.
How does PYPLUSDT relate to PayPal (PYPL) stock?
The PYPLUSDT index price is derived from PYPL's stock price on NASDAQ. A funding rate mechanism keeps the contract price anchored to this index: when the contract trades at a premium, longs pay shorts; when at a discount, shorts pay longs. Trading PYPLUSDT gives you price exposure to PayPal Holdings stock but does not give you ownership of PYPL shares.
What is the funding rate for PYPLUSDT?
The PYPLUSDT funding rate is a periodic payment exchanged between long and short holders, keeping the contract price aligned with the PYPL index price. A positive rate means longs pay shorts; a negative rate means shorts pay longs. Funding settles at regular intervals (typically every 8 hours; confirm the current interval on Bybit's contract details page). The current live funding rate appears in the key metrics bar at the top of this page.
What is the mark price vs. last price on PYPLUSDT?
The last price is the most recent trade executed on Bybit's PYPLUSDT order book. The mark price is Bybit's fair price calculation based on the index price plus a funding basis adjustment; Bybit uses it to calculate your unrealized P&L and to trigger liquidations. The index price is the reference rate derived from PYPL stock on NASDAQ. Because liquidations are triggered by mark price and not last price, your position is protected from manipulation-induced spikes.
Can I trade PayPal stock on Bybit?
Yes. PYPLUSDT is Bybit's perpetual contract that tracks PayPal Holdings (PYPL) stock price. You can open long or short positions on PYPLUSDT with leverage. PYPLUSDT is a derivative contract, so you gain price exposure to PayPal Holdings stock without owning PYPL shares.
What leverage is available for PYPLUSDT on Bybit?
PYPLUSDT supports up to 10x leverage on Bybit, amplifying both potential gains and losses relative to your margin. Confirm the current maximum on Bybit's PYPLUSDT contract details page before trading, as this figure is subject to change. Higher leverage increases both profit potential and liquidation risk.
What are the trading hours for PYPLUSDT?
PYPLUSDT trades 24/7 on Bybit (confirm current availability on Bybit's contract details page). The PYPLUSDT index price is derived from PYPL's price on NASDAQ, so outside NASDAQ market hours the reference rate does not update. This can affect how the funding rate accrues during non-market periods.
Is PYPLUSDT the same as buying PYPL stock?
No. PYPLUSDT is a perpetual derivative contract, not stock ownership. Trading PYPLUSDT gives you price exposure to PayPal Holdings stock without owning shares. Key differences: PYPLUSDT uses leverage and carries liquidation risk; it settles in USDT rather than USD; and it trades on Bybit, a crypto derivatives exchange, rather than a regulated stock brokerage.
What is the contract size for PYPLUSDT?
Each PYPLUSDT contract represents approximately 1 PYPL share equivalent in price exposure (confirm the exact current contract size on Bybit's PYPLUSDT contract details page). The contract size determines how you calculate notional value and position sizing.
What is open interest on PYPLUSDT?
Open interest for PYPLUSDT is the total value of all active perpetual contracts that have not been closed or liquidated. It is a measure of market participation and liquidity. The current PYPLUSDT open interest is displayed live in the key metrics bar at the top of this page.
What is a perpetual contract?
A perpetual contract is a type of derivative with no expiry date. Unlike standard futures contracts, you can hold a perpetual position indefinitely. The contract price stays anchored to the underlying asset through a funding rate mechanism, where long or short holders periodically pay each other based on the premium or discount between the contract price and the index price. PYPLUSDT is a perpetual contract tracking PayPal Holdings (PYPL) stock on Bybit.
How does the PYPLUSDT index price work?
The PYPLUSDT index price is derived from the price of PayPal Holdings (PYPL) stock on NASDAQ, potentially aggregated from multiple market data sources. It serves as the reference rate for calculating both the mark price and the funding rate. Outside NASDAQ trading sessions, this index price can remain fixed at the last recorded closing price until the market reopens.
Risk Disclaimer
Trading perpetual contracts involves significant risk, including the potential loss of your entire margin balance. Leverage amplifies both potential gains and potential losses. Past performance is not indicative of future results. Bybit's services may not be available in all jurisdictions; verify availability in your region before trading.
Related PYPLUSDT Articles
- What Is PYPLUSDT? PayPal Stock Perpetual on Bybit Explained
- How to Trade PYPLUSDT on Bybit: Complete Guide
- PYPLUSDT Market Overview 2026: Key Factors for PayPal Perpetual Traders
- PYPLUSDT Trading Considerations 2026
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