WAXPUSDT perpetual

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

WAXPUSDT is a USDT-margined perpetual on Binance, marked at 0.003741 USDT inside a 24-hour band of 0.003528–0.003745 (3.51%). Open interest is 155,282,649 WAXP, about 580,959 USDT in live exposure, against 595,990 USDT traded in 24 hours. Funding settles every 4 hours at 0.0020%, 0.0000000731 USDT per WAXP held.

Mark price	0.003741 USDT
24h range	0.003528 – 0.003745 USDT
24h change	3.51%
24h volume	595,990 USDT
Open interest	155,282,649 WAXP
Open interest value	580,959 USDT
Funding rate	0.0020% / 4h
Minimum order	5 USDT ≈ 1,336.433860 WAXP
Quantity step	1 WAXP ≈ 0.003741 USDT
Price tick	0.0000010 USDT (0.02673% of mark)

At 0.0020% the long pays the short: a 10,000 USDT position moves 0.1954 USDT every 4 hours, 1.172 USDT a day, 4.28% a year.
Daily turnover runs 1.03× the 580,959 USDT sitting in open positions.
Bybit caps this contract at 25×, so initial margin starts near 4.00% of notional — 0.0001497 USDT per WAXP.
Binance caps each settlement at ±2.00% — at most 0.00007483 USDT per WAXP, 4,380% annualised.

Annualised funding, each venue on its own 4/4-hour cycle: Binance 4.28% · Bybit 10.95%. The gap is 6.67 points — Binance is the cheapest venue to hold a long here, Bybit the dearest.

WAXPUSDT questions

What is the smallest WAXPUSDT position?

Binance requires 5 USDT of notional, which at 0.003741 USDT is 1,336.433860 WAXP; size then moves in steps of 1 WAXP.

How often does WAXPUSDT funding settle?

Every 4 hours. The current rate is 0.0020% — 0.0000000731 USDT per WAXP per settlement, 4.28% a year if it holds.

How liquid is WAXPUSDT right now?

Open interest is 155,282,649 WAXP (580,959 USDT) with 595,990 USDT changing hands over 24 hours.

What leverage is available on WAXPUSDT?

Bybit allows up to 25×, putting initial margin around 4.00% of position value — 0.0001497 USDT per WAXP at the current mark.

Run your own rules on WAXPUSDT