AXLUSDT perpetual

Contract data read from Binance, Bybit, OKX and Hyperliquid public endpoints · 2026-10-03 21:16:58 UTC

AXLUSDT is a USDT-margined perpetual on Binance, marked at 0.05479 USDT inside a 24-hour band of 0.05064–0.05536 (7.69%). Open interest is 34,324,008.0 AXL, about 1.88M USDT in live exposure, against 1.47M USDT traded in 24 hours. Funding settles every 4 hours at 0.0050%, 0.000002740 USDT per AXL held.

Mark price	0.05479 USDT
24h range	0.05064 – 0.05536 USDT
24h change	7.69%
24h volume	1.47M USDT
Open interest	34,324,008.0 AXL
Open interest value	1.88M USDT
Funding rate	0.0050% / 4h
Minimum order	5 USDT ≈ 91.257529 AXL
Quantity step	0.1 AXL ≈ 0.005479 USDT
Price tick	0.0000100 USDT (0.01825% of mark)

At 0.0050% the long pays the short: a 10,000 USDT position moves 0.5000 USDT every 4 hours, 3.000 USDT a day, 10.95% a year.
Daily turnover runs 0.78× the 1.88M USDT sitting in open positions.
Bybit caps this contract at 25×, so initial margin starts near 4.00% of notional — 0.002192 USDT per AXL.
Binance caps each settlement at ±2.00% — at most 0.001096 USDT per AXL, 4,380% annualised.

Annualised funding, each venue on its own 4/4-hour cycle: Binance 10.95% · Bybit -65.80%. The gap is 76.75 points — Bybit is the cheapest venue to hold a long here, Binance the dearest.

FAQ

AXLUSDT questions

Binance requires 5 USDT of notional, which at 0.05479 USDT is 91.257529 AXL; size then moves in steps of 0.1 AXL.

Every 4 hours. The current rate is 0.0050% — 0.000002740 USDT per AXL per settlement, 10.95% a year if it holds.

Open interest is 34,324,008.0 AXL (1.88M USDT) with 1.47M USDT changing hands over 24 hours.

Bybit allows up to 25×, putting initial margin around 4.00% of position value — 0.002192 USDT per AXL at the current mark.

Run your own rules on AXLUSDT