ALGOUSDT perpetual

Contract data read from Binance, Bybit, OKX and Hyperliquid public endpoints · 2026-07-30 12:26:48 UTC

ALGOUSDT is a USDT-margined perpetual on Binance, marked at 0.07790 USDT inside a 24-hour band of 0.07559–0.07935 (-1.58%). Open interest is 91,335,667.4 ALGO, about 7.11M USDT in live exposure, against 10.08M USDT traded in 24 hours. Funding settles every 8 hours at -0.0024%, 0.000001874 USDT per ALGO held.

Mark price	0.07790 USDT
24h range	0.07559 – 0.07935 USDT
24h change	-1.58%
24h volume	10.08M USDT
Open interest	91,335,667.4 ALGO
Open interest value	7.11M USDT
Funding rate	-0.0024% / 8h
Minimum order	5 USDT ≈ 64.188437 ALGO
Quantity step	0.1 ALGO ≈ 0.007790 USDT
Price tick	0.000010 USDT (0.01284% of mark)

At -0.0024% the short pays the long: a 10,000 USDT position moves 0.2406 USDT every 8 hours, 0.722 USDT a day, 2.63% a year.
Daily turnover runs 1.42× the 7.11M USDT sitting in open positions.
Bybit caps this contract at 50×, so initial margin starts near 2.00% of notional — 0.001558 USDT per ALGO.
Binance caps each settlement at ±2.00% — at most 0.001558 USDT per ALGO, 2,190% annualised.

Annualised funding, each venue on its own 8/8/8/1-hour cycle: Binance -2.63% · Bybit -10.35% · OKX -12.05% · Hyperliquid -42.19%. The gap is 39.55 points — Hyperliquid is the cheapest venue to hold a long here, Binance the dearest.

ALGOUSDT questions

What is the smallest ALGOUSDT position?

Binance requires 5 USDT of notional, which at 0.07790 USDT is 64.188437 ALGO; size then moves in steps of 0.1 ALGO.

How often does ALGOUSDT funding settle?

Every 8 hours. The current rate is -0.0024% — 0.000001874 USDT per ALGO per settlement, 2.63% a year if it holds.

How liquid is ALGOUSDT right now?

Open interest is 91,335,667.4 ALGO (7.11M USDT) with 10.08M USDT changing hands over 24 hours.

What leverage is available on ALGOUSDT?

Bybit allows up to 50×, putting initial margin around 2.00% of position value — 0.001558 USDT per ALGO at the current mark.

Run your own rules on ALGOUSDT