UMAUSDT perpetual

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

UMAUSDT is a USDT-margined perpetual on Binance, marked at 0.3368 USDT inside a 24-hour band of 0.3197–0.3423 (-1.32%). Open interest is 4,393,388 UMA, about 1.48M USDT in live exposure, against 2.82M USDT traded in 24 hours. Funding settles every 4 hours at 0.0050%, 0.00001684 USDT per UMA held.

Mark price	0.3368 USDT
24h range	0.3197 – 0.3423 USDT
24h change	-1.32%
24h volume	2.82M USDT
Open interest	4,393,388 UMA
Open interest value	1.48M USDT
Funding rate	0.0050% / 4h
Minimum order	5 USDT ≈ 14.845606 UMA
Quantity step	1 UMA ≈ 0.3368 USDT
Price tick	0.000100 USDT (0.02969% 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 1.91× the 1.48M USDT sitting in open positions.
Bybit caps this contract at 25×, so initial margin starts near 4.00% of notional — 0.01347 USDT per UMA.
Binance caps each settlement at ±2.00% — at most 0.006736 USDT per UMA, 4,380% annualised.

Annualised funding, each venue on its own 4/4/4/1-hour cycle: Binance 10.95% · Bybit 10.95% · OKX 2.98% · Hyperliquid -52.67%. The gap is 63.62 points — Hyperliquid is the cheapest venue to hold a long here, Binance the dearest.

UMAUSDT questions

What is the smallest UMAUSDT position?

Binance requires 5 USDT of notional, which at 0.3368 USDT is 14.845606 UMA; size then moves in steps of 1 UMA.

How often does UMAUSDT funding settle?

Every 4 hours. The current rate is 0.0050% — 0.00001684 USDT per UMA per settlement, 10.95% a year if it holds.

How liquid is UMAUSDT right now?

Open interest is 4,393,388 UMA (1.48M USDT) with 2.82M USDT changing hands over 24 hours.

What leverage is available on UMAUSDT?

Bybit allows up to 25×, putting initial margin around 4.00% of position value — 0.01347 USDT per UMA at the current mark.

Run your own rules on UMAUSDT