Covalent (CXT) — price, funding and open interest
CXT/USDT perpetual on BingX · Kraken: price 0.002352, 24h turnover $71K. Updated in real time.
What this is
Network infrastructureCovalent sells what almost every application lacks — ready blockchain data through a single query: balances, transactions and wallet history without running a node. The business is clear and revenue-bearing, the niche occupied by large providers such as Alchemy and The Graph. What this shows: a data provider's value grows with the number of clients, not with the token price, and those two can diverge for years — the coin is about 99% below its July 2024 peak. Here it trades on BingX and Kraken spot.
Chart
Chart built from data of BingX
What the data shows
CXT trades at 0.002352. Over 365 days it ranged between 0.002137 and 0.042289; the price now sits in the lower third of that range — 1% of the way from the yearly low to the high.
24-hour turnover is $71K — the 94th percentile for the year: noticeably busier than usual.
Over the day -1.55%, over the hour -0.80%, over the last five minutes -0.57% — the move has only just started.
NATR is 0.73% on the minute and 2.19% on the hour — price grinds: the hourly range is barely wider than the minute one.
CXT correlation with Bitcoin over 24 hours is 0.10 — it goes its own way, barely looking at Bitcoin.
The daily range is 6.5% and five-minute NATR is 1.10%. That range is in the 54th percentile for the year — an ordinary day for it.
Traded on 2 venues: BingX, Kraken — the price is cross-checked across several sources.
By turnover it ranks 1541 of 1905 instruments in the screener.
By daily range it ranks 807 of 1905.
Built from current numbers and the coin's own year of history. Updates with the data.
How CXT behaved before
Tracked since August 2024 — 24 full months, and falling ones prevail: 16 of 24. Median month -18.7%.
Best month — September 2024: +100.0%. Worst — January 2026: -51.4%.
Computed from our own minute history, month by month. The past promises nothing — but it shows what is ordinary for this instrument and what is not.
Our observations
KairoRight now CXT 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 — network infrastructure. 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.