Cardano (ADA) Perpetual Futures

The open-interest-weighted ADA funding rate is +0.0015% per 8 hours, or +1.59% annualised. Positive funding means longs pay shorts. Across exchanges it ranges from -0.0042% on Kraken to +0.0055% on Binance. Compare all funding rates.

ADA perpetual open interest is $454.73M (2.21B ADA), up 8.18% in 24 hours. Binance holds the most at $81.27M. That is 6.01% of Cardano's market cap.

Cardano is a proof-of-stake layer 1 blockchain that runs smart contracts and uses the Ouroboros consensus protocol. It was founded by Charles Hoskinson and is developed by several organisations, including Input Output, the Cardano Foundation and EMURGO. ADA is its native token.

Cardano perps traded $314.52M in the last 24 hours, -26.99% on the day before. Binance leads with 34%, followed by Bybit ($23.16M) and MEXC ($23.01M).

Over the last 24 hours 49.9% of accounts are long and 50.1% short, a long/short ratio of 1.00. See the long/short ratio by exchange.

Yes. ADA staking has no lock-up and delegated coins stay in the holder's wallet, so a holder can keep earning rewards and open a short ADA perp to offset price moves. The cost of the hedge is the funding rate, which can outweigh staking rewards when funding runs high.

ADA has a maximum supply of 45 billion tokens. Most are in circulation, and the remainder sits in a reserve released gradually as staking rewards and treasury funding. That makes token unlocks a smaller factor for ADA than for newer layer 1 tokens.

$197.3K of ADA positions were liquidated in 24 hours, $148.5K longs and $48.8K shorts. Binance saw the most at $134.8K. See liquidations across the market.

Network upgrades, governance decisions and growth in Cardano's DeFi activity are the asset-specific drivers. Like most large-cap altcoins, ADA also follows Bitcoin and overall market liquidity. Regulatory news in the US and talk of exchange-traded products can add sharp moves.

ADA perpetual futures are derivatives contracts that track the price of ADA and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any ADA.

Funding is a payment between longs and shorts. When ADA perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

ADA perps trade on 12 tracked exchanges. By volume the largest are Binance, Bybit and MEXC. Compare fees and features on the best perpetual exchanges.

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.