Yield Basis (YB) — price, funding and open interest
YB/USDT perpetual on BingX · Binance · OKX · MEXC · Bybit · Bitget · Gate · KuCoin · Coinbase · Kraken: price 0.088430, 24h turnover $7.8M. Updated in real time.
What this is
Decentralised financeYield Basis is a project by Michael Egorov, Curve's founder: bitcoin yield without impermanent loss. A classic AMM loses on price moves; here the pool position is held with 2x leverage via crvUSD, and the math compensates the loss — the BTC liquidity provider earns fees cleanly. The author's track record includes DeFi's largest stableswap, and the market extended the project a large line of trust at launch. The flip side is the construction's complexity: leverage and crvUSD dependence add risks of their own.
YB unlocks
Full unlock calendar →No upcoming unlocks scheduled.
Linear release of 7.7K tokens per day · Past unlocks: 5
Chart
Chart built from data of Binance
What the data shows
YB trades at 0.088430. Over 345 days it ranged between 0.061910 and 1.8100; the price now sits in the lower third of that range — 1% of the way from the yearly low to the high.
All-time high is 1.8100 (October 2025); the price is 95% below it now.
24-hour turnover is $7.8M — the 92th percentile for the year: noticeably busier than usual.
Open positions in YB are worth $5.2M. Over the past hour open interest rose by 0.32%. That is the 18th percentile over three weeks: noticeably fewer positions than usual.
Over the day +3.05%, over the hour +0.20%, over the last five minutes +0.15% — the move has only just started.
The daily range is 5.5% and five-minute NATR is 0.31%. That range is in the 21th percentile for the year — an ordinary day for it.
Traded on 10 venues: BingX, Binance, OKX, MEXC, Bybit, Bitget, Gate, KuCoin, Coinbase, Kraken — the price is cross-checked across several sources.
YB correlation with Bitcoin over 24 hours is 0.25 — it goes its own way, barely looking at Bitcoin.
Funding is +0.0050%: longs pay shorts, so positioning leans to buyers.
By turnover it ranks 480 of 2007 instruments in the screener.
By daily range it ranks 1167 of 2007.
NATR is 0.10% on the minute and 0.90% 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 YB 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
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.