Perpetual Protocol (PERP) — price, funding and open interest
PERP/USDT perpetual on Coinbase · Kraken: price 0.021200, 24h turnover $54K. Updated in real time.
What this is
Decentralised financePerpetual Protocol is one of the first on-chain perpetuals protocols, launched back in 2020 when leveraged trading outside exchanges still looked exotic. Today the niche holds dozens of competitors, many with deeper liquidity and better tooling. What this shows: being first does not keep the position — the coin sits well below its all-time high with a market cap around two million; the protocol works while market attention moved to newer ones. Here it trades on Coinbase and BingX spot.
Chart
Chart built from data of Coinbase
PERP unlocks
Full unlock calendar →No upcoming unlocks scheduled.
Past unlocks: 23
What the data shows
PERP trades at 0.021200. Over 365 days it ranged between 0.015100 and 0.2801; the price now sits in the lower third of that range — 2% of the way from the yearly low to the high.
All-time high is 1.3890 (December 2024); the price is 98% below it now.
24-hour turnover is $54K — percentile 85 for the year: noticeably busier than usual.
The daily range is 9.2% and five-minute NATR is 0.37%. That range is at percentile 45 for the year — an ordinary day for it.
Traded on 2 venues: Coinbase, Kraken — the price is cross-checked across several sources.
PERP correlation with Bitcoin over 24 hours is 0.56 — it partly moves with the market.
Over the day +1.92%, over the hour 0.00%, over the last five minutes 0.00% — it moved livelier an hour ago and has since gone quiet.
By turnover it ranks 1681 of 2074 instruments in the screener.
By daily range it ranks 346 of 2074.
NATR is 0.34% on the minute and 1.83% 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.
How PERP behaved before
Tracked since August 2024 — 26 full months, and falling ones prevail: 18 of 26. Median month -12.8%.
Best month — March 2026: +65.4%. Worst — January 2026: -71.3%.
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 PERP 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.