ETHFIUSDT perpetual

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

ETHFIUSDT is a USDT-margined perpetual on Binance, marked at 0.4048 USDT inside a 24-hour band of 0.3924–0.4107 (1.58%). Open interest is 45,186,991.6 ETHFI, about 18.29M USDT in live exposure, against 11.06M USDT traded in 24 hours. Funding settles every 4 hours at 0.0050%, 0.00002024 USDT per ETHFI held.

Mark price	0.4048 USDT
24h range	0.3924 – 0.4107 USDT
24h change	1.58%
24h volume	11.06M USDT
Open interest	45,186,991.6 ETHFI
Open interest value	18.29M USDT
Funding rate	0.0050% / 4h
Minimum order	5 USDT ≈ 12.351762 ETHFI
Quantity step	0.1 ETHFI ≈ 0.04048 USDT
Price tick	0.0001000 USDT (0.02470% 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 0.60× the 18.29M USDT sitting in open positions.
Bybit caps this contract at 25×, so initial margin starts near 4.00% of notional — 0.01619 USDT per ETHFI.
Binance caps each settlement at ±2.00% — at most 0.008096 USDT per ETHFI, 4,380% annualised.

Annualised funding, each venue on its own 4/4/4/1-hour cycle: Binance 10.95% · Bybit 10.95% · OKX -12.47% · Hyperliquid 10.95%. The gap is 23.42 points — OKX is the cheapest venue to hold a long here, Binance the dearest.

ETHFIUSDT questions

What is the smallest ETHFIUSDT position?

Binance requires 5 USDT of notional, which at 0.4048 USDT is 12.351762 ETHFI; size then moves in steps of 0.1 ETHFI.

How often does ETHFIUSDT funding settle?

Every 4 hours. The current rate is 0.0050% — 0.00002024 USDT per ETHFI per settlement, 10.95% a year if it holds.

How liquid is ETHFIUSDT right now?

Open interest is 45,186,991.6 ETHFI (18.29M USDT) with 11.06M USDT changing hands over 24 hours.

What leverage is available on ETHFIUSDT?

Bybit allows up to 25×, putting initial margin around 4.00% of position value — 0.01619 USDT per ETHFI at the current mark.

Run your own rules on ETHFIUSDT