CBETH — price, funding and open interest
CBETH/USDT perpetual on Coinbase: price 2,857.1, 24h turnover $125K. Updated in real time.
What this is
Decentralised financecbETH is Coinbase's receipt for staked ether: the exchange keeps the coins bonded to the network while the holder gets a tradable token that appreciates with the rewards. It is the largest instrument in today's list — a market cap around three hundred and fifty million. What this shows: cbETH must trade slightly above ether, and any lag is either demand to exit or doubt about the issuer; the thing to watch is the gap to ETH, not the «drawdown from peak». Here it trades on Coinbase spot.
Chart
Chart built from data of Coinbase
What the data shows
CBETH trades at 2,857.1. Over 58 days it ranged between 2,118.8 and 3,200; the price now sits in the upper third of that range — 68% of the way from the yearly low to the high.
All-time high is 3,200 (September 2026); the price is 11% below it now.
24-hour turnover is $125K — percentile 7 for the year: trading is quiet.
The daily range is 1.1% and five-minute NATR is 0.04%. That range is at percentile 5 for the year — a noticeably calmer day than usual.
Volume over the last five minutes is 2.0x the usual for this instrument.
There is only one venue — Coinbase — and no second price source: if it drifted from the market, there would be nothing to notice it by.
CBETH correlation with Bitcoin over 24 hours is 0.68 — it partly moves with the market.
Over the day +0.55%, over the hour -0.04%, over the last five minutes 0.00% — it moved livelier an hour ago and has since gone quiet.
By turnover it ranks 1410 of 2042 instruments in the screener.
By daily range it ranks 1484 of 2042.
NATR is 0.03% on the minute and 0.22% on the hour — the move is even, without sharp excursions inside the hour.
Built from current numbers and the coin's own year of history. Updates with the data.
Our observations
KairoRight now CBETH is within its usual range: volume, funding and open interest are all unremarkable.
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 — decentralised finance. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
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.