Daily close and perpetual volume across tracked exchanges
UNI is the governance token of Uniswap, one of the largest decentralised exchanges, running on Ethereum and many other networks. Holders vote on protocol changes, treasury spending and fee settings. Perps let traders take a leveraged view on DeFi trading activity, short the token in weak markets, or hedge long-term governance holdings without selling them on spot markets.
Governance decisions move this market more than most. Proposals touching the protocol fee switch, which directs part of trading fees away from liquidity providers, have driven some of its sharpest repricings. Uniswap trading volume, Ethereum's direction and regulatory news about DeFi also feed in. Binance carries the most perp volume, with OKX and Bybit next. The Uniswap liquidation heatmap maps where leveraged positions sit.
UNI funding rates UNI open interest Uniswap liquidation heatmap UNI long/short ratio
Every tracked UNI 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 UNI perpetual markets · updated
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Uniswap is a decentralised exchange protocol that lets users swap tokens through automated market maker liquidity pools instead of an order book. Liquidity providers deposit token pairs and earn fees from trades. UNI is the token that governs the protocol and its treasury.
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The fee switch is a governance-controlled setting that can divert a share of Uniswap's trading fees from liquidity providers to the protocol. Proposals to activate or expand it tie UNI more directly to protocol revenue, so they tend to draw heavy trading in UNI perps.
UNI tends to move with ETH and the wider DeFi sector, since most Uniswap liquidity sits on Ethereum and its layer 2 networks. Protocol news such as governance votes can break that link for a while. Comparing it with ETH perps shows when UNI is trading on its own story.
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Unichain is an Ethereum layer 2 network from Uniswap Labs, built on the OP Stack and designed for faster and cheaper DeFi trading. It extends Uniswap beyond the chains it already ran on, and activity there feeds into wider sentiment around UNI.
UNI perpetual futures are derivatives contracts that track the price of UNI 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 UNI.
Funding is a payment between longs and shorts. When UNI 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