Chainlink (LINK) Perpetual Futures

The open-interest-weighted LINK funding rate is +0.0049% per 8 hours, or +5.35% annualised. Positive funding means longs pay shorts. Across exchanges it ranges from -0.0058% on Binance to +0.0100% on Hyperliquid. Compare all funding rates.

LINK perpetual open interest is $551.46M (48.05M LINK), down 0.12% in 24 hours. Binance holds the most at $104.41M. That is 6.42% of Chainlink's market cap.

Chainlink is a network of independent node operators that deliver off-chain data and computation to blockchains. Its price feeds secure lending markets and derivatives protocols across many chains. LINK is the token used to pay operators and to stake for network security.

Chainlink perps traded $212.07M in the last 24 hours, -39.01% on the day before. Binance leads with 33%, followed by MEXC ($47.92M) and OKX ($27.81M).

Over the last 24 hours 51.8% of accounts are long and 48.2% short, a long/short ratio of 1.07. See the long/short ratio by exchange.

Adoption of its oracle and cross-chain services, partnerships with financial institutions and the wider altcoin market are the main drivers. Staking changes and announcements around tokenised real-world assets also tend to move LINK. As a large-cap altcoin it still follows Bitcoin's direction in broad sell-offs.

CCIP is Chainlink's Cross-Chain Interoperability Protocol, a standard for moving tokens and messages between blockchains. It is aimed at DeFi applications and financial institutions that need to connect assets across networks. Its adoption is one of the themes LINK traders follow most closely.

$210.4K of LINK positions were liquidated in 24 hours, $125.3K longs and $85.1K shorts. Binance saw the most at $608.1K. See liquidations across the market.

Yes. A holder who stakes LINK can open a short LINK perp of similar size to offset price risk while keeping the staking position. The hedge pays or earns the funding rate, so it works best when funding stays modest relative to the staking reward.

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

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

LINK perps trade on 12 tracked exchanges. By volume the largest are Binance, MEXC and OKX. 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.