ZKUSDT perpetual

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

ZKUSDT is a USDT-margined perpetual on Binance, marked at 0.012996 USDT inside a 24-hour band of 0.012191–0.013334 (3.83%). Open interest is 405,957,946 ZK, about 5.28M USDT in live exposure, against 7.34M USDT traded in 24 hours. Funding settles every 4 hours at 0.0050%, 0.0000006498 USDT per ZK held.

Mark price	0.012996 USDT
24h range	0.012191 – 0.013334 USDT
24h change	3.83%
24h volume	7.34M USDT
Open interest	405,957,946 ZK
Open interest value	5.28M USDT
Funding rate	0.0050% / 4h
Minimum order	5 USDT ≈ 384.733764 ZK
Quantity step	1 ZK ≈ 0.01300 USDT
Price tick	0.0000010 USDT (0.00769% 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 1.39× the 5.28M USDT sitting in open positions.
Bybit caps this contract at 25×, so initial margin starts near 4.00% of notional — 0.0005198 USDT per ZK.
Binance caps each settlement at ±2.00% — at most 0.0002599 USDT per ZK, 4,380% annualised.
Hyperliquid shows 67,840,846 ZK of open interest here, 0.17× Binance's 405,957,946 ZK.

FAQ

ZKUSDT questions

Binance requires 5 USDT of notional, which at 0.012996 USDT is 384.733764 ZK; size then moves in steps of 1 ZK.

Every 4 hours. The current rate is 0.0050% — 0.0000006498 USDT per ZK per settlement, 10.95% a year if it holds.

Open interest is 405,957,946 ZK (5.28M USDT) with 7.34M USDT changing hands over 24 hours.

Bybit allows up to 25×, putting initial margin around 4.00% of position value — 0.0005198 USDT per ZK at the current mark.

Run your own rules on ZKUSDT