BP — price, funding and open interest
BP/USDT perpetual on MEXC: price 0.8985, 24h turnover $490K. Updated in real time.
What this is
Exchange tokenThe token of the Backpack exchange and wallet, built by a team known to the market from the Solana ecosystem. Unlike most small exchange tokens, there is a working venue with real turnover here, not a promise to build one. What this shows: the price of an exchange token rests on two things — the venue's market share and how much of the supply is still locked; the first is checked in volume figures, the second in the unlock schedule. The coin is about half below its June 2026 peak. Here it trades on BingX spot; liquidity on the exchange itself is deeper than in our sample of venues.
BP unlocks
Full unlock calendar →No upcoming unlocks scheduled.
Past unlocks: 2
Chart
Chart built from data of MEXC
What the data shows
BP trades at 0.8985. Over 189 days it ranged between 0.1209 and 0.8665; the price now sits in the upper third of that range — 100% of the way from the yearly low to the high.
The price is right at its all-time high of 0.8665 (September 2026).
Open positions in BP are worth $623K. Over the past hour open interest rose by 2.20%. That is the 98th percentile over three weeks: more positions are open than usual.
24-hour turnover is $490K — the 93th percentile for the year: noticeably busier than usual.
Over the day +10.86%, over the hour +1.43%, over the last five minutes -0.53% — the move has only just started.
The daily range is 22.0% and five-minute NATR is 1.08%. That range is in the 78th percentile for the year — an ordinary day for it.
The instrument lives on a single venue (MEXC). Liquidity sits in one book, so slippage here is more noticeable than on coins listed across several exchanges.
NATR is 0.38% on the minute and 5.26% on the hour — the move is choppy: within an hour price travels far and comes back.
BP correlation with Bitcoin over 24 hours is 0.21 — it goes its own way, barely looking at Bitcoin.
Funding is +0.0050%: longs pay shorts, so positioning leans to buyers.
By turnover it ranks 1175 of 2006 instruments in the screener.
By daily range it ranks 198 of 2006.
Built from current numbers and the coin's own year of history. Updates with the data.
Our observations
Kairo- Positions$623K in open positions — 98th percentile for the year: more leverage in BP than almost ever.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
Similar instruments
From the same group — exchange token. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
Futures metrics
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.
How much money sits in open positions on each venue. The total spans every exchange listing the contract.