Daily close and perpetual volume across tracked exchanges
Decentraland is a virtual world on Ethereum where users buy parcels of LAND, build experiences and govern the platform through a DAO. MANA is its currency, used to buy land, wearables and names in the marketplace and to vote on proposals. MANA perps let traders take leveraged positions on the metaverse theme, short it when interest cools, or hedge holdings tied to Decentraland assets.
Sector narratives tend to move MANA more than platform metrics. Metaverse hype in late 2021 sent the token sharply higher, and since then it has mostly traded on broad altcoin sentiment and news about virtual worlds. Perp volume is modest, with Binance in the lead and BingX, Bybit and WhiteBIT behind. Thin order books mean funding can jump on a short burst of buying.
MANA funding rates MANA open interest MANA liquidations MANA long/short ratio
Every tracked MANA 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 MANA perpetual markets · updated
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Decentraland is a 3D virtual world built on Ethereum, where land, wearables and names are owned as NFTs. Users explore, host events and build interactive scenes on their parcels. A DAO controls key policies, with voting power drawn from MANA and LAND holdings.
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MANA is spent on LAND parcels, avatar wearables and names in Decentraland's marketplace, and it gives holders voting power in the DAO. It is an ERC-20 token on Ethereum. Demand for the token rises and falls with activity and speculation around the virtual world.
MANA surged in late 2021 when Facebook renamed itself Meta and investors rushed into metaverse tokens. Decentraland was among the best-known virtual worlds, so it drew much of that attention. The rally faded as the metaverse narrative cooled the following year.
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MANA perps are far less liquid than large-cap markets, with Binance carrying most of the volume. Smaller venues have thinner order books, so large orders can cause slippage and sharp funding changes. Liquidations can also push price further than the news behind a move would suggest.
MANA perpetual futures are derivatives contracts that track the price of MANA 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 MANA.
Funding is a payment between longs and shorts. When MANA 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