Hedera (HBAR) Perpetual Futures

The open-interest-weighted HBAR funding rate is +0.0098% per 8 hours, or +10.75% annualised. Positive funding means longs pay shorts. Across exchanges it ranges from -0.0079% on Bybit to +0.0247% on Crypto.com. Compare all funding rates.

HBAR perpetual open interest is $191.48M (2.54B HBAR), up 1.35% in 24 hours. Binance holds the most at $34.90M. That is 5.73% of Hedera's market cap.

Hedera is a public distributed ledger built on hashgraph, a consensus method that orders transactions using a gossip protocol and virtual voting. It is designed for high throughput and low, predictable fees. A council of large organisations from several industries governs the network and runs its nodes.

Hedera perps traded $117.16M in the last 24 hours, +20.98% on the day before. Binance leads with 30%, followed by WhiteBIT ($14.85M) and MEXC ($9.35M).

Over the last 24 hours 52.4% of accounts are long and 47.6% short, a long/short ratio of 1.10. See the long/short ratio by exchange.

HBAR has a fixed maximum supply of 50 billion tokens, all created at launch. Tokens enter circulation over time as the Hedera treasury releases them, so circulating supply rises even though the total cap does not change. Treasury releases are one supply factor HBAR traders keep in mind.

The Hedera Governing Council governs the network. It is made up of large companies, universities and other organisations, each with an equal vote on decisions such as software upgrades and treasury management. This model is meant to keep any single member from controlling the network.

$216.5K of HBAR positions were liquidated in 24 hours, $210.3K longs and $6.2K shorts. Binance saw the most at $16.5K. See liquidations across the market.

Adoption headlines, enterprise partnerships and altcoin-wide sentiment move HBAR perps the most. The token can rally hard on news and then retrace, which leaves late leveraged traders exposed. Reading the funding rate and open interest together shows whether a move is driven by spot buying or by leverage.

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

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

HBAR perps trade on 13 tracked exchanges. By volume the largest are Binance, WhiteBIT 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.