Algorand (ALGO) perpetual futures
ALGO perpetual contracts on 6 reviewed venues.
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Funding rates
Annualized rates across exchanges
dYdXDEX
PhemexCEX
BinanceCEX
BybitCEX
OKXCEX
BitgetCEX
Open interest
Per-exchange open interest
KuCoinBybitBitget
HyperliquidPhemexOKXWhat the ALGO data shows
10 of 17 venues quote the same ALGO funding rate, +10.95% a year. The exceptions are dYdX at +25.76%, BloFin at +24.09%, GMX at +20.00%, and 4 more.
CoinGecko ranked ALGO number 78 by market value on September 21, 2026, at $984.6m. Its price rose 12.9% in the 7 days before that date. The open interest in this read equals 4.6% of that value.
No venue holds half of the $44.8m in reported ALGO open interest. KuCoin has the largest share, 29.1%, and Bybit is next with 26.2%.
Phemex quoted ALGO at $0.1267 and Bybit at $0.1263, a gap of 33.3 bps.
The ALGO settlement periods differ: 12 venues settle every 8 hours; 3 venues settle every hour.
- Source: public APIs of 17 venues for ALGO, read at October 3, 2026, 04:19 UTC.
- Market value: CoinGecko snapshot of September 21, 2026.
Where to Trade Algorand (ALGO) Perpetual Futures
Fees and leverage limits apply venue-wide; confirm ALGO limits with the venue.
Algorand (ALGO) market overview
ALGO perps trade as the pure-play academic blockchain thesis: Algorand's protocol was designed by Turing Award winner Silvio Micali, uses a permissionless PPoS consensus mechanism, and processes transactions with sub-second finality and minimal fees. That institutional and academic credibility gives ALGO a distinct trading character compared to community-driven altcoins.
Venue structure
Binance, Bybit, and OKX all quote ALGO perps, and Hyperliquid carries the pair on-chain.
Binance runs the deepest ALGO book, while DEX-side depth stays limited, consistent with the Algorand DeFi ecosystem remaining smaller than EVM-compatible chains. Coinalyze's ALGO open interest data shows OI that tracks institutional and CBDC narrative cycles more closely than retail memecoin or DeFi cycles.
CBDC and institutional pilots as funding catalysts
ALGO's clearest funding catalyst is CBDC and government blockchain adoption news. Algorand has been involved in several CBDC pilots, including the Marshall Islands SOV project and various pilot programs in Europe.
When government-blockchain news surfaces involving Algorand, ALGO funding turns positive for 3-7 days. The market prices an institutional signal quickly, so the funding move it causes is steep and short.
The Algorand Foundation's quarterly updates and grant program disbursements create secondary positive sentiment around ecosystem development. CoinDesk's ALGO coverage tracks major announcements.
Modest speculation premium and its implication for traders
ALGO's funding rates are structurally lower than most comparable market-cap altcoins, reflecting its less speculative trader base. ALGO funding stays in a narrow band, because its perp market carries little leveraged speculation.
This moderation makes ALGO less attractive for short-term momentum trades but more interesting for spread strategies that collect funding from assets with higher positive rates while hedging with ALGO shorts.
Compare ALGO rates against other low-funding assets using the funding rates tool. Use the cost comparison tool to check venue fee structures.
Frequently Asked Questions — Algorand (ALGO)
What funding data is available for ALGO?
17 venues report an ALGO funding rate in this read.
An annualized ALGO rate extrapolates one reading and does not predict a return.
What open interest data is available for ALGO?
12 venues report positive ALGO open interest in this read.
The ALGO total leaves out venues outside the read.
Which mapped venue has the lowest recorded ALGO taker fee?
DESK lists 0.017% and SynFutures lists 0.020%, the two lowest of 5 mapped ALGO maker/taker schedules.
1 ALGO venue charges a position fee and is not compared.
Category: Layer 1