XRPUSDC perpetual

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

XRPUSDC is a USDC-margined perpetual on Binance, marked at 1.4882 USDC inside a 24-hour band of 1.4700–1.4950 (1.13%). Open interest is 25,290,269.1 XRP, about 37.64M USDC in live exposure, against 48.10M USDC traded in 24 hours. Funding settles every 8 hours at -0.0004%, 0.000005670 USDC per XRP held.

Mark price	1.4882 USDC
24h range	1.4700 – 1.4950 USDC
24h change	1.13%
24h volume	48.10M USDC
Open interest	25,290,269.1 XRP
Open interest value	37.64M USDC
Funding rate	-0.0004% / 8h
Minimum order	5 USDC ≈ 3.359674 XRP
Quantity step	0.1 XRP ≈ 0.1488 USDC
Price tick	0.0001 USDC (0.00672% of mark)

At -0.0004% the short pays the long: a 10,000 USDC position moves 0.0381 USDC every 8 hours, 0.114 USDC a day, 0.42% a year.
Daily turnover runs 1.28× the 37.64M USDC sitting in open positions.
Hyperliquid caps this contract at 20×, so initial margin starts near 5.00% of notional — 0.07441 USDC per XRP.
Binance caps each settlement at ±0.38% — at most 0.005581 USDC per XRP, 411% annualised.
Hyperliquid shows 193,675,768.0 XRP of open interest here, 7.66× Binance's 25,290,269.1 XRP.

Annualised funding, each venue on its own 8/1-hour cycle: Binance -0.42% · Hyperliquid 10.95%. The gap is 11.37 points — Binance is the cheapest venue to hold a long here, Hyperliquid the dearest.

FAQ

XRPUSDC questions

Binance requires 5 USDC of notional, which at 1.4882 USDC is 3.359674 XRP; size then moves in steps of 0.1 XRP.

Every 8 hours. The current rate is -0.0004% — 0.000005670 USDC per XRP per settlement, 0.42% a year if it holds.

Open interest is 25,290,269.1 XRP (37.64M USDC) with 48.10M USDC changing hands over 24 hours.

Hyperliquid allows up to 20×, putting initial margin around 5.00% of position value — 0.07441 USDC per XRP at the current mark.

Run your own rules on XRPUSDC