ETHUSDC perpetual

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

ETHUSDC is a USDC-margined perpetual on Binance, marked at 1,920.14 USDC inside a 24-hour band of 1,871.01–1,933.00 (0.85%). Open interest is 954,280.947 ETH, about 1.83B USDC in live exposure, against 2.03B USDC traded in 24 hours. Funding settles every 8 hours at 0.0100%, 0.1920 USDC per ETH held.

Mark price	1,920.14 USDC
24h range	1,871.01 – 1,933.00 USDC
24h change	0.85%
24h volume	2.03B USDC
Open interest	954,280.947 ETH
Open interest value	1.83B USDC
Funding rate	0.0100% / 8h
Minimum order	20 USDC ≈ 0.010416 ETH
Quantity step	0.001 ETH ≈ 1.920 USDC
Price tick	0.01 USDC (0.00052% of mark)

At 0.0100% the long pays the short: a 10,000 USDC position moves 1.0000 USDC every 8 hours, 3.000 USDC a day, 10.95% a year.
Daily turnover runs 1.11× the 1.83B USDC sitting in open positions.
Hyperliquid caps this contract at 25×, so initial margin starts near 4.00% of notional — 76.81 USDC per ETH.
Binance caps each settlement at ±0.30% — at most 5.760 USDC per ETH, 328% annualised.

Annualised funding, each venue on its own 8/1-hour cycle: Binance 10.95% · Hyperliquid 6.44%. The gap is 4.51 points — Hyperliquid is the cheapest venue to hold a long here, Binance the dearest.

ETHUSDC questions

What is the smallest ETHUSDC position?

Binance requires 20 USDC of notional, which at 1,920.14 USDC is 0.010416 ETH; size then moves in steps of 0.001 ETH.

How often does ETHUSDC funding settle?

Every 8 hours. The current rate is 0.0100% — 0.1920 USDC per ETH per settlement, 10.95% a year if it holds.

How liquid is ETHUSDC right now?

Open interest is 954,280.947 ETH (1.83B USDC) with 2.03B USDC changing hands over 24 hours.

What leverage is available on ETHUSDC?

Hyperliquid allows up to 25×, putting initial margin around 4.00% of position value — 76.81 USDC per ETH at the current mark.

Run your own rules on ETHUSDC