IoTeX (IOTX) Perpetual Futures

IOTX perpetual open interest is $4.98M (1.23B IOTX), up 5.46% in 24 hours. Binance holds the most at $1.94M.

IoTeX is a proof-of-stake blockchain designed for machines, sensors and other connected devices to send verified data on chain. It focuses on DePIN projects, which reward people for running real-world hardware. IOTX is the native token, used for fees, staking and governance by delegates.

IoTeX perps traded $14.04M in the last 24 hours, -9.31% on the day before.

Over the last 24 hours 49.5% of accounts are long and 50.5% short, a long/short ratio of 0.98. See the long/short ratio by exchange.

DePIN stands for decentralised physical infrastructure networks, where people are paid in tokens for providing real-world resources such as wireless coverage, sensors, storage or computing. IoTeX provides tools for these networks to verify device data on chain, which is why IOTX is grouped with DePIN tokens such as FIL.

DePIN tokens share a narrative and an investor base, so news such as a large hardware network launch or a wave of interest in AI infrastructure can lift the whole group at once. Project-specific news can break that correlation, but sector rotation is usually the bigger force.

$23.1K of IOTX positions were liquidated in 24 hours, $15.9K longs and $7.2K shorts. See liquidations across the market.

Open interest in IOTX perps is small, so a few large accounts can move it noticeably. A sharp rise in open interest alongside rising funding suggests new leveraged longs, which can unwind fast, while a rise with negative funding points to shorts building, which can set up a squeeze.

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

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