ETHUSDT perpetual

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

ETHUSDT is a USDT-margined perpetual on Binance, marked at 2,685.81 USDT inside a 24-hour band of 2,655.86–2,688.82 (0.89%). Open interest is 2,320,926.578 ETH, about 6.23B USDT in live exposure, against 2.60B USDT traded in 24 hours. Funding settles every 8 hours at 0.0039%, 0.1039 USDT per ETH held.

Mark price	2,685.81 USDT
24h range	2,655.86 – 2,688.82 USDT
24h change	0.89%
24h volume	2.60B USDT
Open interest	2,320,926.578 ETH
Open interest value	6.23B USDT
Funding rate	0.0039% / 8h
Minimum order	20 USDT ≈ 0.007447 ETH
Quantity step	0.001 ETH ≈ 2.686 USDT
Price tick	0.01 USDT (0.00037% of mark)

At 0.0039% the long pays the short: a 10,000 USDT position moves 0.3869 USDT every 8 hours, 1.161 USDT a day, 4.24% a year.
Daily turnover runs 0.42× the 6.23B USDT sitting in open positions.
Bybit caps this contract at 150×, so initial margin starts near 0.67% of notional — 17.91 USDT per ETH.
Binance caps each settlement at ±0.30% — at most 8.057 USDT per ETH, 328% annualised.
Hyperliquid shows 1,202,229.533 ETH of open interest here, 0.52× Binance's 2,320,926.578 ETH.

Annualised funding, each venue on its own 8/8/8/1-hour cycle: Binance 4.24% · Bybit 9.53% · OKX 4.99% · Hyperliquid 10.95%. The gap is 6.71 points — Binance is the cheapest venue to hold a long here, Hyperliquid the dearest.

FAQ

ETHUSDT questions

Binance requires 20 USDT of notional, which at 2,685.81 USDT is 0.007447 ETH; size then moves in steps of 0.001 ETH.

Every 8 hours. The current rate is 0.0039% — 0.1039 USDT per ETH per settlement, 4.24% a year if it holds.

Open interest is 2,320,926.578 ETH (6.23B USDT) with 2.60B USDT changing hands over 24 hours.

Bybit allows up to 150×, putting initial margin around 0.67% of position value — 17.91 USDT per ETH at the current mark.

Run your own rules on ETHUSDT