Tectum (TET) — price, funding and open interest
TET/USDT perpetual on BingX: price 0.2940, 24h turnover $48K. Updated in real time.
What this is
Payments and transfersTectum promotes a «banknote» — a digital carrier that transfers a claim on bitcoin without an on-chain transaction: payment is instant and free because nothing happens on the chain itself. The idea addresses a real pain in small payments, but it has a price: until the claim is settled by a transfer, the note holder trusts the issuer rather than the blockchain. What this shows: what to check is the redemption procedure — who returns real bitcoin and how quickly; the coin is about 99% below its January 2024 peak. Here it trades on BingX spot.
Chart
Chart built from data of BingX
What the data shows
TET trades at 0.2940, -7.69% over 24 hours. We do not have a year of history for this coin yet.
Over the day -7.69%, over the hour -0.34%, over the last five minutes +0.10% — the move has only just started.
Traded on a single venue — BingX. There is nothing to cross-check the price against, so a drift from the wider market would go unseen.
24-hour turnover is $48K.
The daily range is 22.0% and five-minute NATR is 0.21%.
TET correlation with Bitcoin over 24 hours is 0.55 — it partly moves with the market.
By turnover it ranks 1588 of 1926 instruments in the screener.
By daily range it ranks 161 of 1926.
NATR is 0.16% on the minute and 0.88% 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
KairoRight now TET 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 — payments and transfers. 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.