POLYXUSDT perpetual

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

POLYXUSDT is a USDT-margined perpetual on Binance, marked at 0.04233 USDT inside a 24-hour band of 0.04137–0.04305 (1.98%). Open interest is 41,078,158 POLYX, about 1.74M USDT in live exposure, against 2.04M USDT traded in 24 hours. Funding settles every 4 hours at 0.0050%, 0.000002117 USDT per POLYX held.

Mark price	0.04233 USDT
24h range	0.04137 – 0.04305 USDT
24h change	1.98%
24h volume	2.04M USDT
Open interest	41,078,158 POLYX
Open interest value	1.74M USDT
Funding rate	0.0050% / 4h
Minimum order	5 USDT ≈ 118.117556 POLYX
Quantity step	1 POLYX ≈ 0.04233 USDT
Price tick	0.0000100 USDT (0.02362% 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 1.17× the 1.74M USDT sitting in open positions.
Bybit caps this contract at 12×, so initial margin starts near 8.00% of notional — 0.003386 USDT per POLYX.
Binance caps each settlement at ±2.00% — at most 0.0008466 USDT per POLYX, 4,380% annualised.
Hyperliquid shows 1,222,442 POLYX of open interest here, 0.03× Binance's 41,078,158 POLYX.

FAQ

POLYXUSDT questions

Binance requires 5 USDT of notional, which at 0.04233 USDT is 118.117556 POLYX; size then moves in steps of 1 POLYX.

Every 4 hours. The current rate is 0.0050% — 0.000002117 USDT per POLYX per settlement, 10.95% a year if it holds.

Open interest is 41,078,158 POLYX (1.74M USDT) with 2.04M USDT changing hands over 24 hours.

Bybit allows up to 12×, putting initial margin around 8.00% of position value — 0.003386 USDT per POLYX at the current mark.

Run your own rules on POLYXUSDT