Nillion (NIL) Perpetual Futures

– 24h · perp mark price

24h volume – vs prior 24h Open interest – · Funding rate (OI-weighted, 8h) – annualised Long / short ratio (24h) – long Liquidations (24h) – longs OI / market cap – Market cap –

Nillion price and derivatives history

Daily close and perpetual volume across tracked exchanges

Nillion perpetual futures market

Private data usually has to be decrypted before anyone can compute on it. Nillion is built to avoid that, using techniques such as multi-party computation and homomorphic encryption so data can be stored and processed while staying hidden, an approach it calls blind computation. NIL is the token that pays for these services and secures the network. Perps give traders a leveraged way to trade the private AI and data privacy theme in either direction.

As a newer, smaller token, NIL reacts sharply to listings, unlock dates and partnership announcements. Open interest is spread across Binance, MEXC, BingX, Hyperliquid and Bybit instead of sitting on one exchange, so funding can differ from venue to venue. Thin books outside those markets make stop runs and liquidation clusters more common. Reading funding alongside open interest helps show whether a move is driven by fresh leverage or by positions closing.

NIL funding rates NIL open interest NIL liquidations NIL long/short ratio

Ticker: NIL
Asset class: Crypto
Tracked markets: –
Most active venue: –
Funding intervals: –
Trading hours: 24/7
±1% order book depth: –

Nillion perpetual markets by exchange

Every tracked NIL perpetual market

#	Exchange	Price	24h	Volume 24h	Open interest	OI 24h	Funding 8h	L/S	Liq. 24h	±1% depth	Trade

Open interest by exchange

Share of total · 24h change

All OI

Liquidations by exchange

Last 24h · long vs short

All liquidations

Taker buy vs sell

Last 4h · buy share of taker volume

Long/short data

Nillion perpetual futures FAQ

Live answers use data from every tracked NIL perpetual markets · updated –

What is the NIL funding rate today?

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How much NIL open interest is there?

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What is Nillion?

Nillion is a network for storing and computing on sensitive data without exposing it to the machines doing the work. It combines privacy techniques such as multi-party computation and encryption so results can be produced from data that stays hidden. NIL is the network's token, used to pay for services and to secure it.

What is NIL perpetual futures trading volume?

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Are traders long or short NIL right now?

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What is blind computation?

Blind computation means running calculations on data that stays hidden from the nodes doing the work. Nillion splits or encrypts information so no single node sees the full input, yet the network can still return a correct result. Use cases include private AI, secure data storage and sensitive analytics.

How do token unlocks affect NIL perps?

Scheduled releases for early investors, contributors and ecosystem funds add circulating supply. On a small cap like NIL, even modest unlocks can move price, so shorts often build and funding slips ahead of release dates. The liquidations page shows whether those shorts get squeezed if the expected selling never arrives.

How much NIL was liquidated in the last 24 hours?

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Why do NIL perps see sharp liquidations?

NIL has a small market value and order books thin out quickly beyond the top venues. When price moves fast, leveraged positions are closed in clusters and each forced order pushes price further. Smaller position sizes and lower leverage are the usual ways traders limit exposure to these cascades.

What are NIL perpetual futures?

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

How does NIL funding work?

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

Where can I trade NIL perpetuals?

Compare venues, fees and features on the best perpetual exchanges page.

Should I long or short NIL?

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.