Daily close and perpetual volume across tracked exchanges
Token sales and on-chain auctions are the core of Bounce Finance, a decentralised auction and launchpad platform where projects raise funds and users bid for new tokens. AUCTION is the platform's token, used for staking, governance and access to sales. Perps let traders bet on launchpad demand with leverage or short the token outright, which is hard to do through a small-cap spot market.
BingX and Binance carry most AUCTION perps volume, with open interest spread thinly across a handful of other venues. Modest liquidity makes this a market of sudden spikes, where a rally can stall as quickly as it started. Launchpad activity rises and falls with the market cycle, which links AUCTION to appetite for new tokens. Jumps in open interest flag when leverage is building.
AUCTION funding rates AUCTION open interest AUCTION liquidations AUCTION long/short ratio
Every tracked AUCTION perpetual market
| # | Exchange | Price | 24h | Volume 24h | Open interest | OI 24h | Funding 8h | L/S | Liq. 24h | ±1% depth | Trade |
|---|
Share of total · 24h change
Last 24h · long vs short
Last 4h · buy share of taker volume
Live answers use data from every tracked AUCTION perpetual markets · updated
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Bounce Finance is a decentralised platform for token auctions and launches, where projects sell tokens through formats such as fixed-price and Dutch auctions. Users can join sales and stake the AUCTION token for access. The platform supports several blockchains.
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AUCTION is used for staking, governance and access to sales on Bounce. Demand for the token tends to rise when new token launches are popular, since participants may need to hold or stake it to take part.
Open interest in AUCTION is small and spread across several venues, so a burst of buying can flip funding sharply positive within hours. When the rally fades, longs exit and funding can drop back below zero. These swings reflect short-term crowding more than long-term direction.
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Interest in token launches is the main driver, alongside activity on Bounce itself and the wider altcoin market. When new listings and launchpads are in demand, platforms like Bounce gain attention. In quieter markets, the token tends to follow broader small-cap sentiment.
AUCTION perpetual futures are derivatives contracts that track the price of AUCTION 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 AUCTION.
Funding is a payment between longs and shorts. When AUCTION 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.
Compare venues, fees and features on the best perpetual exchanges page.
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.
Data from tracked centralised and decentralised exchanges, refreshed every few minutes. Not financial advice. Methodology