UMAUSDT perpetual

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

UMAUSDT is a USDT-margined perpetual on Binance, marked at 0.4014 USDT inside a 24-hour band of 0.3935–0.4048 (1.80%). Open interest is 3,596,825 UMA, about 1.44M USDT in live exposure, against 863,922 USDT traded in 24 hours. Funding settles every 4 hours at 0.0050%, 0.00002007 USDT per UMA held.

Mark price	0.4014 USDT
24h range	0.3935 – 0.4048 USDT
24h change	1.80%
24h volume	863,922 USDT
Open interest	3,596,825 UMA
Open interest value	1.44M USDT
Funding rate	0.0050% / 4h
Minimum order	5 USDT ≈ 12.455919 UMA
Quantity step	1 UMA ≈ 0.4014 USDT
Price tick	0.000100 USDT (0.02491% 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 0.60× the 1.44M USDT sitting in open positions.
Bybit caps this contract at 25×, so initial margin starts near 4.00% of notional — 0.01606 USDT per UMA.
Binance caps each settlement at ±2.00% — at most 0.008028 USDT per UMA, 4,380% annualised.
Hyperliquid shows 488,004 UMA of open interest here, 0.14× Binance's 3,596,825 UMA.

FAQ

UMAUSDT questions

Binance requires 5 USDT of notional, which at 0.4014 USDT is 12.455919 UMA; size then moves in steps of 1 UMA.

Every 4 hours. The current rate is 0.0050% — 0.00002007 USDT per UMA per settlement, 10.95% a year if it holds.

Open interest is 3,596,825 UMA (1.44M USDT) with 863,922 USDT changing hands over 24 hours.

Bybit allows up to 25×, putting initial margin around 4.00% of position value — 0.01606 USDT per UMA at the current mark.

Run your own rules on UMAUSDT