Daily close and perpetual volume across tracked exchanges
Renzo is a liquid restaking protocol that lets users restake ETH through EigenLayer and receive ezETH, a token that keeps earning rewards while staying tradable. REZ is Renzo's governance token. Perps give traders leveraged exposure to the restaking theme, a way to short REZ without borrowing it, or a hedge for tokens received through the protocol's airdrops and points programmes.
Restaking sentiment, deposits into Renzo and the health of the ezETH peg tend to move REZ. In 2024 ezETH briefly traded well below ETH on decentralised exchanges, which triggered liquidations in DeFi lending markets and dented confidence in the protocol. Token unlocks add supply over time. BingX carries much of the perp volume, with Binance next, so check funding on both before reading the market as one-sided.
REZ funding rates REZ open interest REZ liquidations REZ long/short ratio
Every tracked REZ 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 REZ perpetual markets · updated
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Renzo is a liquid restaking protocol built around EigenLayer. Users deposit ETH or liquid staking tokens and receive ezETH, which represents their restaked position and its rewards. REZ is the governance token for the protocol.
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ezETH is Renzo's liquid restaking token, representing ETH restaked through EigenLayer via the protocol. Its value grows with staking and restaking rewards, and holders can use it in DeFi. It trades on the open market, so its price can drift from the underlying ETH during stress.
In April 2024 ezETH fell sharply below ETH on decentralised exchanges as holders rushed to sell around Renzo's airdrop and withdrawal plans. The drop triggered liquidations in DeFi markets that used ezETH as collateral. The peg recovered, and the episode remains a reference point for restaking risk.
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Restaking lets ETH that is already staked help secure additional services, earning extra rewards in exchange for extra slashing risk. EigenLayer is the main protocol for this on Ethereum. Liquid restaking protocols such as Renzo wrap the position in a tradable token.
REZ perpetual futures are derivatives contracts that track the price of REZ 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 REZ.
Funding is a payment between longs and shorts. When REZ 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