Live data
Decentraland (MANA) perpetual futures
Live funding rates, open interest, and measured trade costs for Decentraland. 7 venues in the PerpFinder venue map list MANA perps.
At a glance
This MANA funding snapshot covers 1 venue: dYdX. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists MANA.
- Highest annualized funding
- 0.00%dYdX
More
dYdX carries the only MANA annualized funding rate in this snapshot at 0.00%.
dYdX reports no MANA open interest, so there is no executable spread.
The MANA price in this snapshot comes from dYdX at $0.0734.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
dYdXDEXOpen interest
Per-exchange open interest
No venue in this snapshot reports open interest
Long/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. MANA is not measured. Live costs for the measured assets are on the cost comparison tool.
Where to Trade Decentraland (MANA) Perpetual Futures
6 of the 7 venues that list MANA perps have a PerpFinder review page. The table compares fees, leverage, and features for those 6.
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.
Trading Tips for Decentraland Perps
MANA is a pure metaverse narrative play that can 2-3x during hype cycles then give back most gains. Use MANA perps for short-term momentum trades during narrative peaks only. Avoid holding MANA perps during quiet periods when funding costs erode flat positions.
Frequently Asked Questions — Decentraland (MANA)
What is the current MANA perpetual futures funding rate?
The live Decentraland (MANA) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists MANA perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest MANA perp trading fees?
Among 5 tracked MANA 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 Decentraland open interest compare across exchanges?
The Decentraland (MANA) open-interest chart shows the total value of outstanding MANA 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 MANA long/short ratio indicate?
The Decentraland 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 MANA perpetual futures?
Decentraland (MANA) perps are listed on 6 exchanges, including dYdX, Gains Network, Bluefin, SynFutures, and DESK, plus 1 more. The "Where to Trade Decentraland (MANA) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.
Category: Metaverse · Data updates every 2 minutes · All rates shown are annualized