Daily close and perpetual volume across tracked exchanges
Virtuals Protocol is a platform for launching and co-owning AI agents, each with its own token that trades against VIRTUAL. It was built on Base, the Ethereum layer 2 from Coinbase. Because agent tokens are paired with VIRTUAL, the token works as a proxy for activity across the whole agent economy. Perps let traders take leveraged positions on that theme, or short it when enthusiasm fades, without picking individual agent tokens.
Sentiment around AI agents moves this market more than any single upgrade. New agent launches, trading activity on the platform and attention to AI tokens in general tend to lead price, and the token can swing hard in both directions when that theme rotates. Binance holds the largest share of perp volume, with Bybit and BingX next. Sudden jumps in funding rates usually mark crowded longs after a sharp rally.
VIRTUAL funding rates VIRTUAL open interest VIRTUAL liquidations VIRTUAL long/short ratio
Every tracked VIRTUAL 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 VIRTUAL perpetual markets · updated
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Virtuals Protocol is a platform where users create, launch and co-own AI agents on-chain. Each agent gets its own token, and those tokens trade in liquidity pools paired with VIRTUAL. The protocol launched on Base, the Ethereum layer 2 built by Coinbase.
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New agents on the platform are launched and traded against VIRTUAL, so demand for agent tokens creates demand for VIRTUAL itself. When agent launches and trading pick up, buyers need VIRTUAL to take part. A slowdown in agent activity tends to weigh on it for the same reason.
Interest in the AI agent sector is the main driver, along with trading activity on the Virtuals platform and broad altcoin sentiment. The token has a history of fast rallies and deep pullbacks as that theme gains and loses attention. Funding and open interest show how much leverage is riding on each move.
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VIRTUAL is tied to a launchpad for AI agents, while tokens such as TAO support networks that train and serve AI models. Its value depends on how many agents are created and traded on the platform. That makes it more sensitive to speculative interest than to demand for computing power.
VIRTUAL perpetual futures are derivatives contracts that track the price of VIRTUAL 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 VIRTUAL.
Funding is a payment between longs and shorts. When VIRTUAL 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