ZKUSDT perpetual

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

ZKUSDT is a USDT-margined perpetual on Binance, marked at 0.00788 USDT inside a 24-hour band of 0.00777–0.00818 (-3.19%). Open interest is 380,374,314 ZK, about 3.00M USDT in live exposure, against 4.80M USDT traded in 24 hours. Funding settles every 4 hours at -0.0061%, 0.0000004834 USDT per ZK held.

Mark price	0.00788 USDT
24h range	0.00777 – 0.00818 USDT
24h change	-3.19%
24h volume	4.80M USDT
Open interest	380,374,314 ZK
Open interest value	3.00M USDT
Funding rate	-0.0061% / 4h
Minimum order	5 USDT ≈ 634.517766 ZK
Quantity step	1 ZK ≈ 0.007880 USDT
Price tick	0.0000100 USDT (0.12690% of mark)

At -0.0061% the short pays the long: a 10,000 USDT position moves 0.6135 USDT every 4 hours, 3.681 USDT a day, 13.44% a year.
Daily turnover runs 1.60× the 3.00M USDT sitting in open positions.
Bybit caps this contract at 25×, so initial margin starts near 4.00% of notional — 0.0003152 USDT per ZK.
Binance caps each settlement at ±2.00% — at most 0.0001576 USDT per ZK, 4,380% annualised.

Annualised funding, each venue on its own 4/4/4/1-hour cycle: Binance -13.44% · Bybit 10.95% · OKX -50.72% · Hyperliquid -28.66%. The gap is 61.67 points — OKX is the cheapest venue to hold a long here, Bybit the dearest.

ZKUSDT questions

What is the smallest ZKUSDT position?

Binance requires 5 USDT of notional, which at 0.00788 USDT is 634.517766 ZK; size then moves in steps of 1 ZK.

How often does ZKUSDT funding settle?

Every 4 hours. The current rate is -0.0061% — 0.0000004834 USDT per ZK per settlement, 13.44% a year if it holds.

How liquid is ZKUSDT right now?

Open interest is 380,374,314 ZK (3.00M USDT) with 4.80M USDT changing hands over 24 hours.

What leverage is available on ZKUSDT?

Bybit allows up to 25×, putting initial margin around 4.00% of position value — 0.0003152 USDT per ZK at the current mark.

Run your own rules on ZKUSDT