Abracadabra (SPELL) — price, funding and open interest
SPELL/USDT perpetual on Binance · MEXC · Coinbase · Bitget · KuCoin · Gate · Kraken · HTX: price 0.00009245, 24h turnover $1.8M. Updated in real time.
What this is
Decentralised financeAbracadabra issues a stablecoin against collateral that itself earns yield. In 2022 the protocol took heavy losses on over-levered borrowers.
SPELL unlocks
Full unlock calendar →No upcoming unlocks scheduled.
Linear release of 206.6K tokens per day · Past unlocks: 1
Chart
Chart built from data of Binance
What the data shows
SPELL trades at 0.00009245. Over 365 days it ranged between 0.00007510 and 0.0005068; the price now sits in the lower third of that range — 4% of the way from the yearly low to the high.
All-time high is 0.001998 (January 2025); the price is 95% below it now.
Funding is +0.0100%: longs pay shorts, so positioning leans to buyers. That is the 11th percentile for the month: a clear departure from its own norm.
Open positions in SPELL are worth $2.8M. Over the past hour open interest rose by 3.63%. That is the 98th percentile over three weeks: more positions are open than usual.
Over the day +2.61%, over the hour +0.60%, over the last five minutes +0.16% — the move has only just started.
NATR is 0.12% on the minute and 1.18% on the hour — the move is choppy: within an hour price travels far and comes back.
24-hour turnover is $1.8M — the 59th percentile for the year: a normal level of activity for it.
Traded on 8 venues: Binance, MEXC, Coinbase, Bitget, KuCoin, Gate, Kraken, HTX — the price is cross-checked across several sources.
The daily range is 5.1% and five-minute NATR is 0.23%. That range is in the 51th percentile for the year — an ordinary day for it.
SPELL correlation with Bitcoin over 24 hours is 0.52 — it partly moves with the market.
By turnover it ranks 877 of 2006 instruments in the screener.
By daily range it ranks 1247 of 2006.
Built from current numbers and the coin's own year of history. Updates with the data.
How SPELL behaved before
Tracked since September 2022 — 48 full months, and falling ones prevail: 32 of 48. Median month -9.7%.
In September the instrument rose 2 times out of 4, median +0.8%.
Best month — February 2024: +185.3%. Worst — February 2025: -50.8%.
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
Kairo- Positions$2.8M in open positions — 98th percentile for the year: more leverage in SPELL than almost ever.
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
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.