AM edition
issue generated 2026-09-27 06:31 UTC · data as of 2026-09-27 06:30 UTC
117 up · 59 down · 2 flat — 65.7% of markets up 24h
AM edition
issue generated 2026-09-27 06:31 UTC · data as of 2026-09-27 06:30 UTC
117 up · 59 down · 2 flat — 65.7% of markets up 24h
PM edition
issue generated 2026-09-27 18:31 UTC · data as of 2026-09-27 18:31 UTC
82 up · 96 down — 53.9% of markets down 24h
7-day: AI leads at +24.6%; Layer 2 lags at +7.4%.
Hyperliquid perps: 178 markets traded $3.0B in 24h volume against $13.2B of open interest; the median market moved 0.64%. Confirmed liquidations over the window: at least $4.0M across 1 bursts.
178 markets · $3.00B 24h volume · $13.19B open interest · median 24h +0.6%
Layer 1 perps extended a seventh straight edition higher as privacy names rotated into leadership. DASH printed a 3.84× volume surge on shielded-transaction upgrade chatter while KAS added 13.01%. A $4.0M long liquidation in XRP capped the session and flipped SAGA funding to shorts_pay at –156.72% annualized. The category’s 1.22% gain outpaced the 0.64% median and kept its top rank by volume.
DeFi perps diverged from the tape as RUNE jumped 22.52% on 7.93× volume while AERO and JUP slipped. Extreme funding persisted on RUNE at 109.14% and AERO at 115.12%, yet open-interest caps remained untouched. The 1.59% category advance widened its seven-day lead over the median.
AI perps extended a sixth consecutive edition higher, outpacing every other group with a 3.66% advance that widened the category’s seven-day lead to 24.63%. WLD rose 11.91% and GRASS added 9.74% on fresh exchange-listing and DePIN flow. Funding stayed positive across the board at a 34.82% category mean, supporting the continuation frame.
Other names lagged the 0.64% median. TNSR printed a 126.57× volume spike yet rose only 4.07%, while USELESS eked out 1.32%. The category slipped 0.48% and ceded its prior rank-3 volume standing.
OI-weighted funding +13.6% annualized at the issue clock — longs paying shorts.
Extremes: AERO +115% ann (longs pay) · AR +115% ann (longs pay) · RUNE +109% ann (longs pay) · 2Z -263% ann (shorts pay) · SAGA -157% ann (shorts pay) · TRX -41% ann (shorts pay)
Memes printed flat on the session as CASHCAT funding reached 102.05% annualized on Hyperliquid while BRETT and PURR each rose near 6%. Volume anomalies remained mild outside BRETT’s 4.17× print. The group’s unchanged level left its rank steady at fifth by turnover.
Infrastructure rose 2.20% over 24h against a 0.64% median move across the tape, extending a 22.89% 7-day advance. Wormhole (W) rose 17.56% on $3.8M of volume, with funding at 10.9% annualized as longs pay shorts. A 7th straight edition higher for the category. Wormhole turned over 10.0× its trailing 7-day average volume.
Layer 2 perps extended a sixth straight edition higher, rising 1.38% against the 0.64% median. IMX printed a 4.5× volume surge yet advanced only 2.71%, while OP tacked on 1.97%. No funding extremes or liquidation bursts touched the group.
No report for this section this edition — the draft didn't clear our fact checks.
7-day confirmed liquidations $44.9M — longs $11.6M, shorts $33.3M (lower bound). Last 24h: $4.0M across 1 burst — largest $4.0M in XRP longs.
24h return dispersion σ 4.69% across 156 markets.
Widest 7-day gap in Infrastructure: NIL +90.3% vs AR +8.9% — 81pp apart.
At open-interest cap: CANTO, FTM, JELLY, LOOM, RLB, VINE, ZEREBRO.
1 market excluded from this issue (unlisted in our registry or missing a week of candles) — excluded means excluded, never zero-filled.
Machine-written from venue data and machine-checked before publish; sections that fail checks are omitted, whole editions are withheld. Perpetual futures are high-risk, leveraged instruments — this is market reporting, not investment advice or a recommendation of any kind.
7-day: AI leads at +26.0%; Layer 2 lags at +7.6%.
Hyperliquid perps: 178 markets traded $3.8B in 24h volume against $13.3B of open interest; the median market moved -0.30%. Confirmed liquidations over the window: at least $8.2M across 2 bursts.
178 markets · $3.83B 24h volume · $13.31B open interest · median 24h -0.3%
Layer 1 perps diverged sharply as NEAR Protocol climbed 10.77% and Sui advanced 7.91% while Saga slid 18.07%. The category's open interest of $11.1B dwarfed the rest of the tape, yet funding stayed positive at 12.09% on average. A second straight edition lower against the 7-day gain of 12.92% left the group at neither weekly extreme. No clear catalyst in the chatter.
Ethena led DeFi with a 4.34% gain on news of USDe basis-trade expansion and fee-switch approval, while Ether.fi and USD.AI each slipped more than 4%. The category's funding rate of 29.72% remained the second-highest among peers. Volume stayed light at $169M against a 12.87% seven-day advance. A second straight edition lower left the group tracking the broader tape.
AI perps extended a seven-edition winning streak as Grass jumped 13.5% on DePIN fundamentals and product-release chatter while Worldcoin rose 3.99% on the World Money app launch. The category's 26.01% seven-day lead remained intact despite a 1.16% daily gain that outpaced the 0.3% median slip. Funding at 45.39% stayed the highest across sectors.
Other fell 0.62% over 24h against a 0.30% median move across the tape, against a 12.06% 7-day advance. Pump.fun (PUMP) rose 11.95% on $74.1M of volume, with funding at 20.3% annualized as longs pay shorts. A 2nd straight edition lower for the category.
OI-weighted funding +13.4% annualized at the issue clock — longs paying shorts.
Extremes: MORPHO +100% ann (longs pay) · kBONK +96% ann (longs pay) · AERO +78% ann (longs pay) · SAGA -1423% ann (shorts pay) · TRX -64% ann (shorts pay)
PURR rose 15.27% while CASHCAT slipped 5.53% as the meme category posted a 24-hour median change of -0.3%. The group’s open interest reached $348M and its 24-hour volume stood at $76M. A second consecutive daily decline left the category 0.31% lower against a 10.93% weekly advance.
Wormhole volume spiked 14.72 times its seven-day average as the token rose 14.51%, while Pyth Network gained 10.84% on Nasdaq Basic distributor expansion. DoubleZero flipped from shorts_pay to longs_pay at 10.95% funding. The category's eight-edition winning streak continued with a 0.61% daily advance that beat the 0.3% median.
Layer 2 rose 1.01% over 24h against a 0.30% median move across the tape, extending a 7.57% 7-day advance. Optimism (OP) rose 1.24% on $1.0M of volume, with funding at 10.9% annualized as longs pay shorts. A 7th straight edition higher for the category.
No report for this section this edition — the draft didn't clear our fact checks.
7-day confirmed liquidations $49.1M — longs $11.6M, shorts $37.5M (lower bound). Last 24h: $8.2M across 2 bursts — largest $4.2M in XRP shorts.
24h return dispersion σ 4.20% across 150 markets.
Widest 7-day gap in Layer 1: SEI +46.6% vs SAGA -27.9% — 74pp apart.
At open-interest cap: CANTO, FTM, JELLY, LOOM, RLB, VINE, ZEREBRO.
1 market excluded from this issue (unlisted in our registry or missing a week of candles) — excluded means excluded, never zero-filled.
Machine-written from venue data and machine-checked before publish; sections that fail checks are omitted, whole editions are withheld. Perpetual futures are high-risk, leveraged instruments — this is market reporting, not investment advice or a recommendation of any kind.