FRAX — price, funding and open interest
FRAX/USDT perpetual on Binance · HTX · BingX · Bitget · MEXC · Gate · KuCoin: price 0.3196, 24h turnover $11.1M. Updated in real time.
What this is
StablecoinA stablecoin that began as partly algorithmic and, after such designs collapsed elsewhere, moved to being fully backed by reserves.
Chart
Chart built from data of Binance
FRAX unlocks
Full unlock calendar →No upcoming unlocks scheduled.
Past unlocks: 301
What the data shows
FRAX trades at 0.3196. Over 268 days it ranged between 0.2237 and 1.4906; the price now sits in the lower third of that range — 8% of the way from the yearly low to the high.
All-time high is 1.4906 (January 2026); the price is 79% below it now.
Funding is +0.0050%: longs pay shorts, so positioning leans to buyers. That is percentile 7 for the month — a rare short lean for this coin.
Open positions in FRAX are worth $2.9M. Over the past hour open interest fell by 0.86%. That is at percentile 1 over three weeks: noticeably fewer positions than usual.
The daily range is 24.3% and five-minute NATR is 0.44%. That range is at percentile 96 for the year — an unusually wide day.
24-hour turnover is $11.1M — percentile 91 for the year: noticeably busier than usual.
FRAX correlation with Bitcoin over 24 hours is -0.03 — it goes its own way, barely looking at Bitcoin.
Traded on 7 venues: Binance, HTX, BingX, Bitget, MEXC, Gate, KuCoin — the price is cross-checked across several sources.
Over the day +5.10%, over the hour -1.05%, over the last five minutes -0.03% — the pace is steady.
By turnover it ranks 253 of 2044 instruments in the screener.
By daily range it ranks 113 of 2044.
NATR is 0.17% on the minute and 1.28% 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
Kairo- FundingRate +0.0050% is percentile 7 for the year: longs pay shorts more than almost ever in this coin's history.
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 — stablecoin. 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.