ETHUSDC perpetual

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

ETHUSDC is a USDC-margined perpetual on Binance, marked at 2,685.49 USDC inside a 24-hour band of 2,655.02–2,688.70 (0.90%). Open interest is 1,072,341.574 ETH, about 2.88B USDC in live exposure, against 733.94M USDC traded in 24 hours. Funding settles every 8 hours at -0.0015%, 0.03985 USDC per ETH held.

Mark price	2,685.49 USDC
24h range	2,655.02 – 2,688.70 USDC
24h change	0.90%
24h volume	733.94M USDC
Open interest	1,072,341.574 ETH
Open interest value	2.88B USDC
Funding rate	-0.0015% / 8h
Minimum order	20 USDC ≈ 0.007447 ETH
Quantity step	0.001 ETH ≈ 2.685 USDC
Price tick	0.01 USDC (0.00037% of mark)

At -0.0015% the short pays the long: a 10,000 USDC position moves 0.1484 USDC every 8 hours, 0.445 USDC a day, 1.62% a year.
Daily turnover runs 0.25× the 2.88B USDC sitting in open positions.
Hyperliquid caps this contract at 25×, so initial margin starts near 4.00% of notional — 107.4 USDC per ETH.
Binance caps each settlement at ±0.30% — at most 8.056 USDC per ETH, 328% annualised.
Hyperliquid shows 1,202,229.533 ETH of open interest here, 1.12× Binance's 1,072,341.574 ETH.

Annualised funding, each venue on its own 8/1-hour cycle: Binance -1.62% · Hyperliquid 10.95%. The gap is 12.57 points — Binance is the cheapest venue to hold a long here, Hyperliquid the dearest.

FAQ

ETHUSDC questions

Binance requires 20 USDC of notional, which at 2,685.49 USDC is 0.007447 ETH; size then moves in steps of 0.001 ETH.

Every 8 hours. The current rate is -0.0015% — 0.03985 USDC per ETH per settlement, 1.62% a year if it holds.

Open interest is 1,072,341.574 ETH (2.88B USDC) with 733.94M USDC changing hands over 24 hours.

Hyperliquid allows up to 25×, putting initial margin around 4.00% of position value — 107.4 USDC per ETH at the current mark.

Run your own rules on ETHUSDC