Decentraland (MANA) perpetual futures
MANA perpetual contracts on 6 reviewed venues.
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Funding rates
Annualized rates across exchanges
BybitCEX
Gate.ioCEX
KuCoinCEX
BitgetCEX
BinanceCEX
Open interest
Per-exchange open interest
BybitBitgetKuCoin
OKXGate.ioWhat the MANA data shows
Shorts pay longs on all 11 venues. The payment to longs is largest on OKX at -427.85% a year and smallest on Bybit.
No venue holds half of the $12.9m in reported MANA open interest. Bybit has the largest share, 42.3%, and Bitget is next with 19.2%.
The MANA settlement periods differ: 9 venues settle every 8 hours; Bybit and Kraken settle every hour.
Kraken quoted MANA at $0.1037 and Gate.io at $0.1035, a gap of 20.1 bps.
- Source: public APIs of 11 venues for MANA, read at October 3, 2026, 10:10 UTC.
Where to Trade Decentraland (MANA) Perpetual Futures
Fees and leverage limits apply venue-wide; confirm MANA limits with the venue.
Decentraland (MANA) market overview
MANA perps trade as the primary derivative instrument for the metaverse and virtual land narrative. Decentraland's MANA token funds purchases of LAND parcels, wearables, and in-world goods within a user-governed 3D virtual world on Ethereum.
The asset's perp market reflects the extreme narrative sensitivity of the metaverse sector, which saw one of the sharpest narrative premium builds and collapses in crypto history during 2021-2022.
Venue structure
MANA perps trade on Binance, Bybit, OKX, and Hyperliquid; Binance runs the deepest MANA book, and DEX-side depth stays limited. Coinalyze's MANA data shows OI that has compressed substantially from 2021 peaks and now sits at levels reflecting the sector's reduced retail attention.
Metaverse narrative sensitivity and correlation with SAND
MANA and SAND (The Sandbox) are the two most liquid metaverse tokens and they move together closely. MANA funding and SAND funding move in the same direction, because both tokens trade on the same metaverse narrative.
When the metaverse sector catches a bid — typically from VR hardware news, major brand Decentraland activations, or broader Web3 adoption narratives — both tokens see simultaneous OI buildups.
The asset's correlation with the broader metaverse narrative means that generic "metaverse moment" catalysts (Meta Horizon news, Apple Vision Pro updates, enterprise virtual event announcements) move MANA more than Decentraland-specific developments.
On-chain metrics as a sanity check
Decentraland's actual user activity provides context for the narrative premium. DappRadar's Decentraland stats track daily active users and transaction volume. When on-chain engagement is thin relative to MANA's funding level, the premium is narrative-driven rather than usage-driven, which historically precedes faster corrections.
Given the sector's volatility history, MANA perp positions warrant careful sizing. Use the liquidations tracker to check recent MANA liquidation patterns and the funding rates tool to compare MANA versus SAND rates.
Frequently Asked Questions — Decentraland (MANA)
What funding data is available for MANA?
11 venues report a MANA funding rate in this read.
An annualized MANA rate extrapolates one reading and does not predict a return.
What open interest data is available for MANA?
7 venues report positive MANA open interest in this read.
The MANA total leaves out venues outside the read.
Which mapped venue has the lowest recorded MANA taker fee?
DESK lists 0.017% and SynFutures lists 0.020%, the two lowest of 5 mapped MANA maker/taker schedules.
1 MANA venue charges a position fee and is not compared.
Category: Metaverse