SIREN Perpetual Futures

The open-interest-weighted SIREN funding rate is +0.0499% per 8 hours, or +54.63% annualised. Positive funding means longs pay shorts. Across exchanges it ranges from +0.0050% on Bybit to +0.0583% on Gate. Compare all funding rates.

SIREN perpetual open interest is $17.40M (715.73M SIREN), down 0.97% in 24 hours. Binance holds the most at $7.84M. That is 87.88% of Siren's market cap.

SIREN is a crypto token traded on spot markets and as a USDT-margined perpetual future on several centralised exchanges, including Binance, BingX, Bybit and Bitget. Before trading, check the token's contract address and project documentation, since other unrelated crypto projects have used the Siren name.

Siren perps traded $11.92M in the last 24 hours, -3.16% on the day before. Binance leads with 55%, followed by BingX ($2.35M) and Bybit ($935.3K).

Over the last 24 hours 49.1% of accounts are long and 50.9% short, a long/short ratio of 0.96. See the long/short ratio by exchange.

Small-cap tokens have shallow order books, so a single large order or a wave of liquidations can move the price sharply. Leverage adds to this, because forced selling or buying feeds on itself once price breaks through clusters of stop and liquidation levels.

Funding shows which side is paying to keep positions open. Persistently high positive funding means longs are crowded and paying shorts, while deep negative funding means the reverse. In thin markets, extreme funding often comes before a sharp move as the crowded side is forced out.

$2.4K of SIREN positions were liquidated in 24 hours, $1.4K longs and $1.0K shorts. Binance saw the most at $11.9K. See liquidations across the market.

Each venue has its own traders, margin rules and promotions, so positions build unevenly. Binance holds the largest share of SIREN open interest, while smaller venues carry modest books that can see prices drift briefly from the main market during fast moves.

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

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

SIREN perps trade on 7 tracked exchanges. By volume the largest are Binance, BingX and Bybit. 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.