SN51 — price, funding and open interest
SN51/USDT perpetual on Kraken: price 19.17, 24h turnover $9K. Updated in real time.
What this is
Artificial intelligenceSN51 is one of the Bittensor subnets: participants there sell compute and models to a machine-learning network and the reward is split by answer quality. This subnet deals in renting out computing power. What this shows: a subnet's price depends on two things at once — demand for its service and the reward rules inside Bittensor, which change by vote; the coin is about 60% below its July 2025 peak, still mild for this segment. Market cap is around sixty-six million. Here it trades on BingX spot.
Chart
Chart built from data of Kraken
What the data shows
SN51 trades at 19.17. Over 47 days it ranged between 10.50 and 220.00; the price now sits in the lower third of that range — 4% of the way from the yearly low to the high.
Over the day -0.59%, over the hour +0.68%, over the last five minutes +0.52% — the move has only just started.
The instrument lives on a single venue (Kraken). Liquidity sits in one book, so slippage here is more noticeable than on coins listed across several exchanges.
The daily range is 4.0% and five-minute NATR is 0.41%. That range is in the 32th percentile for the year — an ordinary day for it.
NATR is 0.43% on the minute and 1.01% on the hour — price grinds: the hourly range is barely wider than the minute one.
SN51 correlation with Bitcoin over 24 hours is 0.20 — it goes its own way, barely looking at Bitcoin.
24-hour turnover is $9K — the 49th percentile for the year: a normal level of activity for it.
By turnover it ranks 1724 of 1904 instruments in the screener.
By daily range it ranks 1279 of 1904.
Built from current numbers and the coin's own year of history. Updates with the data.
Our observations
KairoRight now SN51 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 — artificial intelligence. 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.