OKX MEW perpetual
MEW-USDT-SWAP
As of 2026-10-21 21:09 UTC, MEW-USDT-SWAP on OKX has a collected rate of -0.0954% over 2h, or -417.82% simple annualised; its collected settlement interval is 2h, with up to 20x leverage. Gate has a lower rate for longs at -556.48%.
Settled rates over the past 30 days
Settled funding for MEW-USDT-SWAP
The latest 30-day window contains 182 settlements covering 716 known-period hours, with a cumulative rate of -5.2854%. The latest 12 settlements are shown below.
| Settlement time (UTC) | Rate | Rate period |
|---|---|---|
| 2026-10-21 16:00 | -0.6871% | 2h |
| 2026-10-21 14:00 | -0.7162% | 2h |
| 2026-10-21 12:00 | -0.4433% | 2h |
| 2026-10-21 10:00 | -0.4331% | 2h |
| 2026-10-21 08:00 | -0.7097% | 2h |
| 2026-10-21 06:00 | -0.6865% | 2h |
| 2026-10-21 04:00 | -1.0000% | 4h |
| 2026-10-21 00:00 | +0.0050% | 4h |
| 2026-10-20 20:00 | +0.0050% | 4h |
| 2026-10-20 16:00 | +0.0001% | 4h |
| 2026-10-20 12:00 | +0.0050% | 4h |
| 2026-10-20 08:00 | +0.0050% | 4h |
Interval changes: 4h → 2h from 2026-10-21 06:00 UTC. The period column above is the hours each settlement covered.
The cumulative rate sums actual settlements with known periods. Positive totals mean net payment by longs and receipt by shorts; negative totals reverse the direction. If notional value changed, multiplying the current position by this total will not reproduce account cash flows. Historical rates do not predict returns.
What does this rate mean for a 10,000 USDT position?
For MEW-USDT-SWAP, 10,000 USDT of notional × -0.095392% gives 9.5392 USDT over the quoted 2h rate period: longs receive and shorts pay. This is a constant-rate illustration, not a settled bill or a forecast. Use the actual settlement rate and notional at each settlement; leverage is not multiplied again. Trading fees are separate.
How do I select the margin tier for MEW-USDT-SWAP?
This table selects tiers by base-asset quantity in MEW, not by the amount of margin deposited. The first tier starts at 0 and ends at 18000000 MEW. Above that, tier 2 requires 3.0000% maintenance margin.
Contract units and calculator input
One MEW-USDT-SWAP contract represents 1000 MEW. Order lot size is expressed in the venue’s original unit. The liquidation calculator expects base-asset quantity; do not enter a contract count without converting units.
Further readingHow liquidation price is calculated: tiered maintenance margin and deductionsHow funding fees work: amounts, signs and settlement
Maintenance margin ladder
No deduction · An isolated-margin estimate for linear contracts; excludes closing fees, accrued funding, auto-added margin and other positions.
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 18000000 base | 2.0000% | 20.00x | — |
| 2 | 18001000 – 32000000 base | 3.0000% | 15.00x | — |
| 3 | 32001000 – 50000000 base | 4.0000% | 12.50x | — |
| 4 | 50001000 – 68000000 base | 4.5000% | 11.76x | — |
| 5 | 68001000 – 86000000 base | 5.0000% | 11.11x | — |
| 6 | 86001000 – 104000000 base | 5.5000% | 10.52x | — |
| 7 | 104001000 – 122000000 base | 6.0000% | 10.00x | — |
| 8 | 122001000 – 140000000 base | 6.5000% | 9.52x | — |
| 9 | 140001000 – 158000000 base | 7.0000% | 9.09x | — |
| 10 | 158001000 – 176000000 base | 7.5000% | 8.69x | — |
| 11 | 176001000 – 194000000 base | 8.0000% | 8.33x | — |
| 12 | 194001000 – 212000000 base | 8.5000% | 8.00x | — |
| 13 | 212001000 – 230000000 base | 9.0000% | 7.69x | — |
| 14 | 230001000 – 248000000 base | 9.5000% | 7.40x | — |
| 15 | 248001000 – 266000000 base | 10.0000% | 7.14x | — |
| 16 | 266001000 – 284000000 base | 10.5000% | 6.89x | — |
| 17 | 284001000 – 302000000 base | 11.0000% | 6.66x | — |
| 18 | 302001000 – 320000000 base | 11.5000% | 6.45x | — |
| 19 | 320001000 – 338000000 base | 12.0000% | 6.25x | — |
| 20 | 338001000 – 356000000 base | 12.5000% | 6.06x | — |
| 21 | 356001000 – 374000000 base | 13.0000% | 5.88x | — |
| 22 | 374001000 – 392000000 base | 13.5000% | 5.71x | — |
| 23 | 392001000 – 410000000 base | 14.0000% | 5.55x | — |
| 24 | 410001000 – 428000000 base | 14.5000% | 5.40x | — |
| 25 | 428001000 – 446000000 base | 15.0000% | 5.26x | — |
| 26 | 446001000 – 464000000 base | 15.5000% | 5.12x | — |
| 27 | 464001000 – 482000000 base | 16.0000% | 5.00x | — |
| 28 | 482001000 – 500000000 base | 16.5000% | 4.87x | — |
| 29 | 500001000 – 518000000 base | 17.0000% | 4.76x | — |
| 30 | 518001000 – 536000000 base | 17.5000% | 4.65x | — |
| 31 | 536001000 – 554000000 base | 18.0000% | 4.54x | — |
| 32 | 554001000 – 572000000 base | 18.5000% | 4.44x | — |
| 33 | 572001000 – 590000000 base | 19.0000% | 4.34x | — |
| 34 | 590001000 – 608000000 base | 19.5000% | 4.25x | — |
| 35 | 608001000 – 626000000 base | 20.0000% | 4.16x | — |
| 36 | 626001000 – 644000000 base | 20.5000% | 4.08x | — |
| 37 | 644001000 – 662000000 base | 21.0000% | 4.00x | — |
| 38 | 662001000 – 680000000 base | 21.5000% | 3.92x | — |
| 39 | 680001000 – 698000000 base | 22.0000% | 3.84x | — |
| 40 | 698001000 – 716000000 base | 22.5000% | 3.77x | — |
| 41 | 716001000 – 734000000 base | 23.0000% | 3.70x | — |
| 42 | 734001000 – 752000000 base | 23.5000% | 3.63x | — |
| 43 | 752001000 – 770000000 base | 24.0000% | 3.57x | — |
| 44 | 770001000 – 788000000 base | 24.5000% | 3.50x | — |
| 45 | 788001000 – 806000000 base | 25.0000% | 3.44x | — |
| 46 | 806001000 – 824000000 base | 25.5000% | 3.38x | — |
| 47 | 824001000 – 842000000 base | 26.0000% | 3.33x | — |
| 48 | 842001000 – 860000000 base | 26.5000% | 3.27x | — |
| 49 | 860001000 – 878000000 base | 27.0000% | 3.22x | — |
| 50 | 878001000 – 896000000 base | 27.5000% | 3.17x | — |
| 51 | 896001000 – 914000000 base | 28.0000% | 3.12x | — |
| 52 | 914001000 – 932000000 base | 28.5000% | 3.07x | — |
| 53 | 932001000 – 950000000 base | 29.0000% | 3.03x | — |
| 54 | 950001000 – 968000000 base | 29.5000% | 2.98x | — |
| 55 | 968001000 – 986000000 base | 30.0000% | 2.94x | — |
| 56 | 986001000 – 1004000000 base | 30.5000% | 2.89x | — |
| 57 | 1004001000 – 1022000000 base | 31.0000% | 2.85x | — |
| 58 | 1022001000 – 1040000000 base | 31.5000% | 2.81x | — |
| 59 | 1040001000 – 1058000000 base | 32.0000% | 2.77x | — |
| 60 | 1058001000 – 1076000000 base | 32.5000% | 2.73x | — |
| 61 | 1076001000 – 1094000000 base | 33.0000% | 2.70x | — |
| 62 | 1094001000 – 1112000000 base | 33.5000% | 2.66x | — |
| 63 | 1112001000 – 1130000000 base | 34.0000% | 2.63x | — |
| 64 | 1130001000 – 1148000000 base | 34.5000% | 2.59x | — |
| 65 | 1148001000 – 1166000000 base | 35.0000% | 2.56x | — |
| 66 | 1166001000 – 1184000000 base | 35.5000% | 2.53x | — |
| 67 | 1184001000 – 1202000000 base | 36.0000% | 2.50x | — |
| 68 | 1202001000 – 1220000000 base | 36.5000% | 2.46x | — |
| 69 | 1220001000 – 1238000000 base | 37.0000% | 2.43x | — |
| 70 | 1238001000 – 1256000000 base | 37.5000% | 2.40x | — |
| 71 | 1256001000 – 1274000000 base | 38.0000% | 2.38x | — |
| 72 | 1274001000 – 1292000000 base | 38.5000% | 2.35x | — |
| 73 | 1292001000 – 1310000000 base | 39.0000% | 2.32x | — |
| 74 | 1310001000 – 1328000000 base | 39.5000% | 2.29x | — |
| 75 | 1328001000 – 1346000000 base | 40.0000% | 2.27x | — |
| 76 | 1346001000 – 1364000000 base | 40.5000% | 2.24x | — |
| 77 | 1364001000 – 1382000000 base | 41.0000% | 2.22x | — |
| 78 | 1382001000 – 1400000000 base | 41.5000% | 2.19x | — |
| 79 | 1400001000 – 1418000000 base | 42.0000% | 2.17x | — |
| 80 | 1418001000 – 1436000000 base | 42.5000% | 2.15x | — |
| 81 | 1436001000 – 1454000000 base | 43.0000% | 2.12x | — |
| 82 | 1454001000 – 1472000000 base | 43.5000% | 2.10x | — |
| 83 | 1472001000 – 1490000000 base | 44.0000% | 2.08x | — |
| 84 | 1490001000 – 1508000000 base | 44.5000% | 2.06x | — |
| 85 | 1508001000 – 1526000000 base | 45.0000% | 2.04x | — |
| 86 | 1526001000 – 1544000000 base | 45.5000% | 2.02x | — |
| 87 | 1544001000 – 1562000000 base | 46.0000% | 2.00x | — |
Contract specification
Quote currency: USDT · Settlement currency: USDT · Settlement interval: 2h (00:00 · 02:00 · 04:00 · 06:00 · 08:00 · 10:00 · 12:00 · 14:00 · 16:00 · 18:00 · 20:00 · 22:00 UTC). Lot size uses the venue’s original order unit; the calculator takes base-asset quantity. Settlement intervals and times on every venue.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| Gate | MEW_USDT | 4h | -556.48% |
| Binance | MEWUSDT | 4h | -552.84% |
| Bitget | MEWUSDT | 4h | -474.57% |
| Bybit | MEWUSDT | 4h | -460.20% |
| OKX this page | MEW-USDT-SWAP | 2h | -417.82% |
Common questions
What is the OKX MEW funding rate?
The latest collected OKX MEW funding rate is -0.0954% per 2h rate period, or -417.82% simple annualised. At this rate shorts pay longs.
How often is funding charged on OKX MEW?
The collected settlement interval is 2h, normally 12 times a day. Settlements fall at 00:00, 02:00, 04:00, 06:00, 08:00, 10:00, 12:00, 14:00, 16:00, 18:00, 20:00 and 22:00 UTC, the same times in UTC+8. Its interval changed in the past 30 days: 4h to 2h on 2026-10-21 06:00 UTC. Venues can change it again; confirm the next settlement time on the venue's contract page.
What is the maximum leverage on OKX MEW?
The collected leverage cap for OKX MEW is 20x, with 87 margin tiers shown. The first margin tier, up to 18000000 MEW, allows 20x; the second allows 15x.
What is the maintenance margin rate on OKX MEW?
The first tier requires 2.0000%, with 87 available tiers. The applicable requirement depends on the position’s tier. This venue applies no deduction: maintenance margin = notional × the rate of the tier the position falls in.
Which venue has the lowest MEW funding cost for longs?
For a long position, Gate currently has the lowest rate at -556.48% annualised; this page's OKX is at -417.82%. Negative funding pays longs. Trading costs are excluded, and the cash-flow direction reverses for shorts.
What has OKX MEW funding paid over the past 30 days?
Settlements over the past 30 days annualise to -64.67% across 182 settlements, 15% of which were negative (shorts paying). That is what already happened, not a forecast.
Observation time and verification
This contract’s funding was observed at 2026-10-21 21:09 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. OKX official data source · Funding methodology
History coverage for this contract
182 settlements are available, covering 716 known-period hours, from 2026-09-22 00:00 to 2026-10-21 16:00 UTC. Annualisation uses those covered hours; a full 30-day record is not implied.