Daily close and perpetual volume across tracked exchanges
Spare graphics processors are the raw material for io.net, a decentralised network that pools GPUs from data centres, crypto miners and individuals and rents them out for AI and machine learning workloads. IO is the token that pays for compute and rewards suppliers, and it lives on Solana. Perps let traders take a view on the AI compute theme with leverage, or short it without borrowing tokens.
Binance carries the bulk of IO perps volume, while Bybit, Hyperliquid and Bitget form the next tier. AI headlines, such as chip supply news and spending plans from large tech firms, can lift or sink the whole sector at once. Token emissions to GPU suppliers add steady supply that traders weigh against demand for compute, and funding rates show which side is crowded when the AI trade heats up.
IO funding rates IO open interest IO liquidations IO long/short ratio
Every tracked IO 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 IO perpetual markets · updated
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io.net is a decentralised compute network that aggregates GPUs from many suppliers into clusters that customers can rent for AI training, inference and other heavy workloads. Payments and supplier rewards use the IO token, and the network is built on Solana. It competes with centralised cloud providers on price and availability.
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IO belongs to the group of tokens that supply infrastructure for AI, alongside projects focused on decentralised compute, data and models. These tokens often move together on AI news, so IO perps can be used to trade the sector or hedge other AI positions. Coinperps also covers Bittensor perps.
IO has a capped total supply, with new tokens released over time as rewards to GPU suppliers and through scheduled unlocks for investors and contributors. Emissions can add selling pressure if suppliers sell their rewards, while demand for compute paid in IO works in the other direction.
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Traders treat IO as a proxy for demand for AI compute, so news on GPU shortages, chip export rules or AI spending by large tech firms often moves it. Stock market sessions can therefore shift IO funding and open interest, even though the perp trades around the clock.
IO perpetual futures are derivatives contracts that track the price of IO 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 IO.
Funding is a payment between longs and shorts. When IO 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