MTLUSDT perpetual

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

MTLUSDT is a USDT-margined perpetual on Binance, marked at 0.2097 USDT inside a 24-hour band of 0.1991–0.2124 (3.45%). Open interest is 4,769,384 MTL, about 1.00M USDT in live exposure, against 738,777 USDT traded in 24 hours. Funding settles every 8 hours at 0.0100%, 0.00002098 USDT per MTL held.

Mark price	0.2097 USDT
24h range	0.1991 – 0.2124 USDT
24h change	3.45%
24h volume	738,777 USDT
Open interest	4,769,384 MTL
Open interest value	1.00M USDT
Funding rate	0.0100% / 8h
Minimum order	5 USDT ≈ 23.837902 MTL
Quantity step	1 MTL ≈ 0.2097 USDT
Price tick	0.0001 USDT (0.04768% of mark)

At 0.0100% the long pays the short: a 10,000 USDT position moves 1.0000 USDT every 8 hours, 3.000 USDT a day, 10.95% a year.
Daily turnover runs 0.74× the 1.00M USDT sitting in open positions.
Bybit caps this contract at 20×, so initial margin starts near 5.00% of notional — 0.01049 USDT per MTL.
Binance caps each settlement at ±2.00% — at most 0.004195 USDT per MTL, 2,190% annualised.

MTLUSDT questions

What is the smallest MTLUSDT position?

Binance requires 5 USDT of notional, which at 0.2097 USDT is 23.837902 MTL; size then moves in steps of 1 MTL.

How often does MTLUSDT funding settle?

Every 8 hours. The current rate is 0.0100% — 0.00002098 USDT per MTL per settlement, 10.95% a year if it holds.

How liquid is MTLUSDT right now?

Open interest is 4,769,384 MTL (1.00M USDT) with 738,777 USDT changing hands over 24 hours.

What leverage is available on MTLUSDT?

Bybit allows up to 20×, putting initial margin around 5.00% of position value — 0.01049 USDT per MTL at the current mark.

Run your own rules on MTLUSDT