SKLUSDT perpetual

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

SKLUSDT is a USDT-margined perpetual on Binance, marked at 0.004648 USDT inside a 24-hour band of 0.004447–0.004695 (4.35%). Open interest is 496,835,931 SKL, about 2.31M USDT in live exposure, against 1.40M USDT traded in 24 hours. Funding settles every 4 hours at 0.0050%, 0.0000002324 USDT per SKL held.

Mark price	0.004648 USDT
24h range	0.004447 – 0.004695 USDT
24h change	4.35%
24h volume	1.40M USDT
Open interest	496,835,931 SKL
Open interest value	2.31M USDT
Funding rate	0.0050% / 4h
Minimum order	5 USDT ≈ 1,075.664384 SKL
Quantity step	1 SKL ≈ 0.004648 USDT
Price tick	0.0000010 USDT (0.02151% 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 0.61× the 2.31M USDT sitting in open positions.
Bybit caps this contract at 25×, so initial margin starts near 4.00% of notional — 0.0001859 USDT per SKL.
Binance caps each settlement at ±2.00% — at most 0.00009297 USDT per SKL, 4,380% annualised.

Annualised funding, each venue on its own 4/8-hour cycle: Binance 10.95% · Bybit 30.28%. The gap is 19.33 points — Binance is the cheapest venue to hold a long here, Bybit the dearest.

FAQ

SKLUSDT questions

Binance requires 5 USDT of notional, which at 0.004648 USDT is 1,075.664384 SKL; size then moves in steps of 1 SKL.

Every 4 hours. The current rate is 0.0050% — 0.0000002324 USDT per SKL per settlement, 10.95% a year if it holds.

Open interest is 496,835,931 SKL (2.31M USDT) with 1.40M USDT changing hands over 24 hours.

Bybit allows up to 25×, putting initial margin around 4.00% of position value — 0.0001859 USDT per SKL at the current mark.

Run your own rules on SKLUSDT