WAXPUSDT perpetual

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

WAXPUSDT is a USDT-margined perpetual on Binance, marked at 0.006134 USDT inside a 24-hour band of 0.006108–0.006552 (-1.10%). Open interest is 188,714,213 WAXP, about 1.16M USDT in live exposure, against 1.59M USDT traded in 24 hours. Funding settles every 4 hours at 0.0050%, 0.0000003067 USDT per WAXP held.

Mark price	0.006134 USDT
24h range	0.006108 – 0.006552 USDT
24h change	-1.10%
24h volume	1.59M USDT
Open interest	188,714,213 WAXP
Open interest value	1.16M USDT
Funding rate	0.0050% / 4h
Minimum order	5 USDT ≈ 815.128790 WAXP
Quantity step	1 WAXP ≈ 0.006134 USDT
Price tick	0.0000010 USDT (0.01630% 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 1.38× the 1.16M USDT sitting in open positions.
Bybit caps this contract at 25×, so initial margin starts near 4.00% of notional — 0.0002454 USDT per WAXP.
Binance caps each settlement at ±2.00% — at most 0.0001227 USDT per WAXP, 4,380% annualised.

FAQ

WAXPUSDT questions

Binance requires 5 USDT of notional, which at 0.006134 USDT is 815.128790 WAXP; size then moves in steps of 1 WAXP.

Every 4 hours. The current rate is 0.0050% — 0.0000003067 USDT per WAXP per settlement, 10.95% a year if it holds.

Open interest is 188,714,213 WAXP (1.16M USDT) with 1.59M USDT changing hands over 24 hours.

Bybit allows up to 25×, putting initial margin around 4.00% of position value — 0.0002454 USDT per WAXP at the current mark.

Run your own rules on WAXPUSDT