BNB Perpetual Futures

The open-interest-weighted BNB funding rate is +0.0036% per 8 hours, or +3.99% annualised. Positive funding means longs pay shorts. Across exchanges it ranges from -0.0050% on BingX to +0.0164% on dYdX. Compare all funding rates.

BNB perpetual open interest is $1.22B (1.65M BNB), up 1.40% in 24 hours. Binance holds the most at $565.43M. That is 1.25% of BNB's market cap.

BNB is the native token of BNB Chain, a blockchain created by Binance that runs smart contracts and decentralised apps. It started in 2017 as an ERC-20 token on Ethereum before moving to Binance's own chain. On the Binance exchange it gives trading fee discounts and access to token launch events.

BNB perps traded $639.24M in the last 24 hours, -7.49% on the day before. Binance leads with 47%, followed by Binance ($63.14M) and OKX ($59.26M).

Over the last 24 hours 49.2% of accounts are long and 50.8% short, a long/short ratio of 0.97. See the long/short ratio by exchange.

BNB Chain runs a quarterly auto-burn that permanently removes tokens, with the amount set by a formula linked to the BNB price and the number of blocks produced. Burns continue until total supply falls to 100 million BNB. A share of gas fees on BNB Chain is also burned in real time.

BNB's uses are tied to the Binance exchange and its chain, so news about the company's regulators, leadership or user numbers feeds directly into demand. Legal actions against Binance have caused sharp sell-offs, while new launches and airdrops for BNB holders tend to lift buying interest.

$248.6K of BNB positions were liquidated in 24 hours, $37.3K longs and $211.3K shorts. Binance saw the most at $151.9K. See where liquidations cluster.

Yes. BNB is the largest exchange token, linked to Binance, and draws value from fee discounts, launch access and gas demand on BNB Chain. Unlike most exchange tokens it also powers a busy smart contract chain, which gives it uses beyond the exchange itself.

BNB perpetual futures are derivatives contracts that track the price of BNB 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 BNB.

Funding is a payment between longs and shorts. When BNB 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.

BNB perps trade on 13 tracked exchanges. By volume the largest are Binance, OKX and Gate. 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.