Daily close and perpetual volume across tracked exchanges
Babylon lets bitcoin holders stake BTC to help secure proof-of-stake networks without bridging or wrapping their coins. BABY is the token of Babylon Genesis, the project's own chain, where it is used for staking, fees and governance. Perps let traders bet on or against the Bitcoin staking theme with leverage, and give airdrop recipients and stakers a hedge for tokens they would rather not sell.
Unusually, BingX leads BABY perps volume ahead of Binance, and those two also hold the most open interest, with the rest spread thinly across other venues. Token unlocks for investors and contributors, the amount of BTC staked through Babylon, and new chains adopting its security are the main things to follow. Thin books on smaller venues mean funding rates can swing hard after sharp moves.
BABY funding rates BABY open interest BABY liquidations BABY long/short ratio
Every tracked BABY 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 BABY perpetual markets · updated
Loading live data…
Loading live data…
Babylon is a protocol that lets BTC holders stake their bitcoin directly from the Bitcoin chain to provide economic security to other networks, earning rewards in return. Coins stay in a self-custodied script on Bitcoin instead of being bridged. BABY is the native token of the Babylon Genesis chain.
Loading live data…
Loading live data…
Stakers lock BTC in a time-locked Bitcoin script that can be partly slashed if the validator they back misbehaves. The locked bitcoin backs the security of proof-of-stake chains that use Babylon, and stakers can withdraw after the lock ends. No wrapped token or third-party custodian is needed.
BABY is staked to secure Babylon Genesis, pays transaction fees on that chain, and is used to vote in governance. Part of the supply went to BTC stakers and early users through an airdrop, while investors and contributors hold vested allocations that unlock over time.
Loading live data…
BABY reacts to the broader market and to bitcoin sentiment, but its own drivers are staking demand and token supply. Growth in BTC staked through Babylon supports the project's case, while large unlocks can weigh on price even when bitcoin is strong.
BABY perpetual futures are derivatives contracts that track the price of BABY 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 BABY.
Funding is a payment between longs and shorts. When BABY 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