AM edition
issue generated 2026-09-28 06:34 UTC · data as of 2026-09-28 06:34 UTC
21 up · 156 down · 1 flat — 87.6% of markets down 24h
AM edition
issue generated 2026-09-28 06:34 UTC · data as of 2026-09-28 06:34 UTC
21 up · 156 down · 1 flat — 87.6% of markets down 24h
PM edition
issue generated 2026-09-28 18:30 UTC · data as of 2026-09-28 18:30 UTC
23 up · 155 down — 87.1% of markets down 24h
7-day: AI leads at +16.6%; Layer 2 lags at +2.4%.
Broad selling swept crypto perpetuals as 156 of 178 coins fell, the median down 4.61% on $5.43B volume and $12.69B open interest. Shorts paid out at least $4.2M in a single burst, led by XRP.
178 markets · $5.43B 24h volume · $12.69B open interest · median 24h -4.6%
Pump.fun rose 11.42% and Ondo added 6.3% while Pons dropped 14.36%. The category slipped 3.83% for a third straight edition lower, funding at 11.25%.
Sei led Layer 1 perps with an 11.91% gain after Canary Capital filed an amended S-1 for a staked SEI ETF, while Bitcoin Cash slid 9.6% and Dash fell 7.24%. The category posted a 2.93% decline against the 4.61% median, narrowing a second straight edition lower. Funding averaged 5.17% with no flips recorded.
Sky (prev. MakerDAO) jumped 4.37% on 7.75× average volume as Grayscale revenue rankings and buyback talk circulated, while Ether.fi and USD.AI each slipped more than 8.6%. The category fell 4.72% for a second straight edition lower, funding at 12.61% with no sign flips.
Grass climbed 10.61% while Bittensor fell 6.8% and Venice slipped 5.85%, widening the 7-day performance gap inside the category to 16.64%. The group declined 2.27% for a first straight edition lower, funding at 12.55%.
OI-weighted funding +7.8% annualized at the issue clock — longs paying shorts.
Extremes: 2Z +182% ann (longs pay) · SKY +67% ann (longs pay) · HBAR +50% ann (longs pay) · SAGA -588% ann (shorts pay) · TRX -63% ann (shorts pay) · CASHCAT -35% ann (shorts pay)
PURR rose 9.19% while CASHCAT flipped to shorts_pay at –34.62% funding. The meme category fell 4.23% for a second straight edition lower, with category funding at 4.79%.
Nillion dropped 10.29% and LayerZero slid 10.13% as the latter flipped to shorts_pay at –15.07% funding. The category fell 5.35% for a first straight edition lower, funding at 8.9%.
Aztec surged 9.91% on 4.43× average volume while Arbitrum fell 6.1% and POL slipped 5.26%. The category declined 3.24% for a first straight edition lower, funding at 11.36%.
Gaming perps reversed a 10.79% seven-day gain with a 3.44% daily decline against the 4.61% median. Funding averaged 10.75% with no flips or volume anomalies.
7-day confirmed liquidations $16.7M — longs $11.6M, shorts $5.1M (lower bound). Last 24h: $4.2M across 1 burst — largest $4.2M in XRP shorts.
24h return dispersion σ 4.10% across 163 markets.
Widest 7-day gap in AI: GRASS +76.2% vs VVV -16.8% — 93pp 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 +10.9%; Memes lags at -3.6%.
Hyperliquid perps: 178 markets traded $7.5B in 24h volume against $12.9B of open interest; the median market moved -5.04%. Confirmed liquidations over the window: at least $9.7M across 7 bursts.
178 markets · $7.54B 24h volume · $12.89B open interest · median 24h -5.0%
Hedera led Layer 1 with a 35.08% surge on 16.05× normal volume, while Algorand added 14.05% on 4.68× turnover. The category slipped 2.33% against a 5.04% median drop, extending a third straight edition lower. Open interest sits at $10.85B with funding holding positive at 11.13%.
Pump.fun rose 4.37% on 4.12× average volume, offsetting a 16.03% slide in USELESS and a 9.23% drop in Pons. The category fell 5.86% versus the 5.04% median, marking a fourth straight edition lower. Open interest stands at $399.7M with funding at 36.71%.
APEX jumped 17.63% on 5.4× volume after its mainnet launch and new listings, while Sky gained 6.23% on 6.69× turnover. The category fell 3.76% against the 5.04% median, extending a third straight edition lower. Open interest totals $752.6M with funding at 12.85%.
Worldcoin slid 11.57% and Venice dropped 8.31%, outweighing a 0.44% gain in Virtuals Protocol. The category fell 6.01% versus the 5.04% median, marking a second straight edition lower. Open interest sits at $286.9M with funding at 28.18%.
OI-weighted funding +12.0% annualized at the issue clock — longs paying shorts.
Extremes: APEX +126% ann (longs pay) · GRASS +116% ann (longs pay) · CASHCAT +100% ann (longs pay) · SAGA -180% ann (shorts pay) · ATOM -28% ann (shorts pay)
Cash Cat rose 10.18% amid extreme 100.04% funding, while Fartcoin fell 13.56%. The category slipped 4.65% against the 5.04% median, extending a third straight edition lower. Open interest totals $319.1M with funding at 25.25%.
Chainlink rose 7.18% while Arweave fell 15.21% and Nillion fell 14.52%. The category posted a 5.34% decline versus the 5.04% median, its second straight session lower. Open interest stands at $200.2M with funding at 13.12%.
Starknet held flat while Arbitrum fell 8.70% and Stacks slipped 7.23%. The category declined 4.25% against the 5.04% median, marking a second straight edition lower. Open interest totals $75.2M with funding at 12.39%.
Gaming tokens fell 6.14% against the 5.04% median, marking a second straight edition lower. Open interest sits at $6.9M with funding at 8.84%.
7-day confirmed liquidations $26.4M — longs $21.3M, shorts $5.1M (lower bound). Last 24h: $9.7M across 7 bursts — largest $4.9M in NEAR longs.
24h return dispersion σ 5.73% across 163 markets.
Widest 7-day gap in Layer 1: HBAR +42.6% vs SAGA -29.6% — 72pp 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.