NEAR Protocol (NEAR) Perpetual Futures

The open-interest-weighted NEAR funding rate is +0.0094% per 8 hours, or +10.34% annualised. Positive funding means longs pay shorts. Across exchanges it ranges from -0.0263% on Kraken to +0.0648% on Crypto.com. Compare all funding rates.

NEAR perpetual open interest is $1.52B (290.11M NEAR), up 12.15% in 24 hours. Hyperliquid holds the most at $328.80M. That is 22.57% of NEAR Protocol's market cap.

NEAR Protocol is a proof-of-stake blockchain that splits its network into shards to process transactions in parallel. NEAR is the native token, used for fees, storage and staking. The project focuses on making apps easier to use, with readable account names and tools that let users act across several chains from one account.

NEAR Protocol perps traded $2.87B in the last 24 hours, +11.61% on the day before. Binance leads with 36%, followed by Bybit ($439.72M) and OKX ($329.26M).

Over the last 24 hours 49.3% of accounts are long and 50.7% short, a long/short ratio of 0.97. See the long/short ratio by exchange.

NEAR co-founder Illia Polosukhin was one of the authors of the transformer paper behind modern large language models, and the project has made AI agents and user-owned AI a core focus. As a result NEAR often trades with AI-themed tokens when that sector rallies or sells off.

NEAR Intents is a system where users state the outcome they want, such as swapping one token for another across chains, and solvers compete to fill the request. Growth in intents volume is one of the usage metrics traders follow to judge demand for the NEAR ecosystem.

$8.13M of NEAR positions were liquidated in 24 hours, $3.49M longs and $4.63M shorts. Binance saw the most at $4.22M. See where liquidations cluster.

NEAR tends to follow broad altcoin sentiment, with extra sensitivity to AI narratives and competition among layer 1 chains. Network usage, ecosystem funding news and staking yields also feed into demand. Sharp moves often extend through liquidations, so check open interest before chasing a breakout.

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

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

NEAR perps trade on 14 tracked exchanges. By volume the largest are Binance, Bybit and OKX. Compare fees and features on the best perpetual exchanges or the top decentralized 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.