LINKUSDC perpetual

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

LINKUSDC is a USDC-margined perpetual on Binance, marked at 14.041 USDC inside a 24-hour band of 13.566–14.137 (3.11%). Open interest is 366,130.86 LINK, about 5.14M USDC in live exposure, against 7.94M USDC traded in 24 hours. Funding settles every 8 hours at 0.0012%, 0.0001686 USDC per LINK held.

Mark price	14.041 USDC
24h range	13.566 – 14.137 USDC
24h change	3.11%
24h volume	7.94M USDC
Open interest	366,130.86 LINK
Open interest value	5.14M USDC
Funding rate	0.0012% / 8h
Minimum order	5 USDC ≈ 0.356104 LINK
Quantity step	0.01 LINK ≈ 0.1404 USDC
Price tick	0.001 USDC (0.00712% of mark)

At 0.0012% the long pays the short: a 10,000 USDC position moves 0.1201 USDC every 8 hours, 0.360 USDC a day, 1.32% a year.
Daily turnover runs 1.54× the 5.14M USDC sitting in open positions.
Hyperliquid caps this contract at 10×, so initial margin starts near 10.00% of notional — 1.404 USDC per LINK.
Binance caps each settlement at ±0.38% — at most 0.05265 USDC per LINK, 411% annualised.
Hyperliquid shows 5,898,233.20 LINK of open interest here, 16.11× Binance's 366,130.86 LINK.

Annualised funding, each venue on its own 8/1-hour cycle: Binance 1.32% · Hyperliquid 10.95%. The gap is 9.63 points — Binance is the cheapest venue to hold a long here, Hyperliquid the dearest.

FAQ

LINKUSDC questions

Binance requires 5 USDC of notional, which at 14.041 USDC is 0.356104 LINK; size then moves in steps of 0.01 LINK.

Every 8 hours. The current rate is 0.0012% — 0.0001686 USDC per LINK per settlement, 1.32% a year if it holds.

Open interest is 366,130.86 LINK (5.14M USDC) with 7.94M USDC changing hands over 24 hours.

Hyperliquid allows up to 10×, putting initial margin around 10.00% of position value — 1.404 USDC per LINK at the current mark.

Run your own rules on LINKUSDC