Sperax (SPA) — price, funding and open interest
SPA/USDT perpetual on HTX · Coinbase: price 0.002157, 24h turnover $521K. Updated in real time.
What this is
Decentralised financeSperax issues a dollar instrument that accrues yield straight into the wallet: the holder stakes nothing — the number of coins grows by itself from invested reserves. SPA is the governance token here, not the dollar itself. What this shows: the yield comes from placed reserves, so the question is always the same — where exactly they are placed and what happens if those strategies draw down; with auto-accruing instruments risk is easily mistaken for a deposit rate. Here it trades on Coinbase and Kraken spot with turnover around one hundred and sixty thousand.
Chart
Chart built from data of Coinbase
What the data shows
SPA trades at 0.002157. Over 365 days it ranged between 0.001400 and 0.013252; the price now sits in the lower third of that range — 6% of the way from the yearly low to the high.
Over the day +1.22%, over the hour -0.78%, over the last five minutes -0.83% — the move has only just started.
24-hour turnover is $521K — the 26th percentile for the year: a normal level of activity for it.
The daily range is 4.5% and five-minute NATR is 1.15%. That range is in the 26th percentile for the year — an ordinary day for it.
NATR is 1.22% on the minute and 1.33% on the hour — price grinds: the hourly range is barely wider than the minute one.
SPA correlation with Bitcoin over 24 hours is -0.18 — it goes its own way, barely looking at Bitcoin.
Traded on 2 venues: HTX, Coinbase — the price is cross-checked across several sources.
By turnover it ranks 1071 of 1905 instruments in the screener.
By daily range it ranks 1167 of 1905.
Built from current numbers and the coin's own year of history. Updates with the data.
How SPA behaved before
Tracked since September 2021 — 59 full months, and falling ones prevail: 37 of 59. Median month -7.1%.
In August the instrument rose 1 times out of 4, median -8.1%.
Best month — August 2022: +197.9%. Worst — June 2022: -82.9%.
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 SPA 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.