Live data
Algorand (ALGO) perpetual futures
Live funding rates, open interest, and measured trade costs for Algorand. 7 venues in the PerpFinder venue map list ALGO perps.
At a glance
This ALGO funding snapshot covers 2 venues: Hyperliquid and dYdX. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists ALGO.
- Highest annualized funding
- +77.51%dYdX
- Executable spread
- 66.56% annualizeddYdX vs Hyperliquid
More
The highest executable annualized funding rate is +77.51% on dYdX, and the lowest is +10.95% on Hyperliquid.
The executable spread between dYdX and Hyperliquid is 66.56% annualized, from 2 venues that report open interest.
Hyperliquid and dYdX report $2.9m of open interest across the venues in this snapshot that publish it.
The ALGO price in this snapshot comes from Hyperliquid at $0.0973.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
dYdXDEX
HyperliquidDEXOpen interest
Per-exchange open interest
HyperliquiddYdXLong/short ratio
Account-level positioning
Long/short ratios are published for BTC, ETH, SOL, and XRP only.
Cost comparison
Fee plus slippage for a $100K trade
The order-book cost engine measures BTC, ETH, SOL, XRP, BNB, DOGE and HYPE. ALGO is not measured. Live costs for the measured assets are on the cost comparison tool.
Where to Trade Algorand (ALGO) Perpetual Futures
6 of the 7 venues that list ALGO perps have a PerpFinder review page. The table compares fees, leverage, and features for those 6.
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.
Trading Tips for Algorand Perps
ALGO reacts strongly to CBDC and institutional blockchain partnership news. Monitor official Algorand Foundation announcements for catalysts. Funding rates on ALGO tend to stay near neutral, making it a low-cost asset to hold in swing positions compared to more speculative alts.
Frequently Asked Questions — Algorand (ALGO)
What is the current ALGO perpetual futures funding rate?
The live Algorand (ALGO) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists ALGO perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest ALGO perp trading fees?
Among 5 tracked ALGO venues with comparable order-book schedules, DESK lists the lowest taker fee at 0.017%. SynFutures lists 0.020%. 1 position-fee venue is excluded from this maker/taker result. Use the cost comparison for total cost.
How does Algorand open interest compare across exchanges?
The Algorand (ALGO) open-interest chart shows the total value of outstanding ALGO derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the ALGO long/short ratio indicate?
The Algorand long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade ALGO perpetual futures?
Algorand (ALGO) perps are listed on 6 exchanges, including Hyperliquid, dYdX, Gains Network, SynFutures, and Orderly Network, plus 1 more. The "Where to Trade Algorand (ALGO) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.
Category: Layer 1 · Data updates every 2 minutes · All rates shown are annualized