MTLUSDT perpetual

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

MTLUSDT is a USDT-margined perpetual on Binance, marked at 0.3182 USDT inside a 24-hour band of 0.3137–0.3243 (1.37%). Open interest is 4,552,858 MTL, about 1.45M USDT in live exposure, against 929,791 USDT traded in 24 hours. Funding settles every 4 hours at 0.0050%, 0.00001591 USDT per MTL held.

Mark price	0.3182 USDT
24h range	0.3137 – 0.3243 USDT
24h change	1.37%
24h volume	929,791 USDT
Open interest	4,552,858 MTL
Open interest value	1.45M USDT
Funding rate	0.0050% / 4h
Minimum order	5 USDT ≈ 15.712494 MTL
Quantity step	1 MTL ≈ 0.3182 USDT
Price tick	0.0001 USDT (0.03142% 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 0.64× the 1.45M USDT sitting in open positions.
Bybit caps this contract at 25×, so initial margin starts near 4.00% of notional — 0.01273 USDT per MTL.
Binance caps each settlement at ±2.00% — at most 0.006364 USDT per MTL, 4,380% annualised.

FAQ

MTLUSDT questions

Binance requires 5 USDT of notional, which at 0.3182 USDT is 15.712494 MTL; size then moves in steps of 1 MTL.

Every 4 hours. The current rate is 0.0050% — 0.00001591 USDT per MTL per settlement, 10.95% a year if it holds.

Open interest is 4,552,858 MTL (1.45M USDT) with 929,791 USDT changing hands over 24 hours.

Bybit allows up to 25×, putting initial margin around 4.00% of position value — 0.01273 USDT per MTL at the current mark.

Run your own rules on MTLUSDT