ZRXUSDT perpetual

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

ZRXUSDT is a USDT-margined perpetual on Binance, marked at 0.1235 USDT inside a 24-hour band of 0.1186–0.1286 (3.69%). Open interest is 14,856,434.1 ZRX, about 1.83M USDT in live exposure, against 1.43M USDT traded in 24 hours. Funding settles every 4 hours at 0.0050%, 0.000006173 USDT per ZRX held.

Mark price	0.1235 USDT
24h range	0.1186 – 0.1286 USDT
24h change	3.69%
24h volume	1.43M USDT
Open interest	14,856,434.1 ZRX
Open interest value	1.83M USDT
Funding rate	0.0050% / 4h
Minimum order	5 USDT ≈ 40.501276 ZRX
Quantity step	0.1 ZRX ≈ 0.01235 USDT
Price tick	0.0001 USDT (0.08100% 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 0.78× the 1.83M USDT sitting in open positions.
Bybit caps this contract at 25×, so initial margin starts near 4.00% of notional — 0.004938 USDT per ZRX.
Binance caps each settlement at ±2.00% — at most 0.002469 USDT per ZRX, 4,380% annualised.

Annualised funding, each venue on its own 4/8/4-hour cycle: Binance 10.95% · Bybit 1.74% · OKX 10.95%. The gap is 9.21 points — Bybit is the cheapest venue to hold a long here, Binance the dearest.

FAQ

ZRXUSDT questions

Binance requires 5 USDT of notional, which at 0.1235 USDT is 40.501276 ZRX; size then moves in steps of 0.1 ZRX.

Every 4 hours. The current rate is 0.0050% — 0.000006173 USDT per ZRX per settlement, 10.95% a year if it holds.

Open interest is 14,856,434.1 ZRX (1.83M USDT) with 1.43M USDT changing hands over 24 hours.

Bybit allows up to 25×, putting initial margin around 4.00% of position value — 0.004938 USDT per ZRX at the current mark.

Run your own rules on ZRXUSDT