AM edition
issue generated 2026-10-19 06:33 UTC · data as of 2026-10-19 06:32 UTC
77 up · 101 down — 56.7% of markets down 24h
AM edition
issue generated 2026-10-19 06:33 UTC · data as of 2026-10-19 06:32 UTC
77 up · 101 down — 56.7% of markets down 24h
PM edition
issue generated 2026-10-19 18:33 UTC · data as of 2026-10-19 18:32 UTC
136 up · 42 down — 76.4% of markets up 24h
7-day: Layer 1 leads at -10.3%; Other lags at -18.5%.
Perpetuals traded mixed in a quiet session, with 101 of 178 coins declining and median 24h change at -0.35%. Total volume reached $4.9B against $11.0B open interest. Shorts paid heavily on SAND at -814.9% annualized while eight funding flips crossed to longs paying.
341 markets (163 hip-3) · $6.94B 24h volume ($2.02B hip-3) · $14.96B open interest ($3.92B hip-3) · median crypto 24h -0.3%
Other category perps fell 2.44% in a squeeze frame, extending a sixth straight edition lower. Pump.fun jumped 3.94% after launching Hyperliquid-powered perpetual futures trading, while STBL and Pons dropped 14.06% and 7.22%. Volume concentrated in the leader as the category's open interest sits at $231.1M.
Layer 1 rose 0.11% over 24h against a 0.35% median move across the tape, against a 10.34% 7-day slide. Sui (SUI) rose 3.10% on $19.8M of volume, with funding at 10.9% annualized as longs pay shorts.
DeFi perps slipped 0.02% against a -0.35% median, a beta-move that marks a third straight edition lower. Ether.fi and Curve rose 6.82% and 4.08% while Aerodrome and Maple Finance fell 4.99% and 3.2%. A funding flip to longs paying crossed the category regime.
AI perps rose 0.95% in a beta-move frame, reversing the prior session. Venice led with an 8.16% gain and Bittensor added 2.25% while Grass slipped 1.88%. The category's funding mean sits at 10.72% annualized with no volume anomalies flagged.
OI-weighted funding +8.9% annualized at the issue clock — longs paying shorts.
Extremes: SAND -815% ann (shorts pay) · W -65% ann (shorts pay) · ONDO -42% ann (shorts pay)
Memes perps gained 0.07% in a squeeze frame, flipping funding on Pepe (1000x) to longs paying at 10.95%. Cash Cat and Pepe (1000x) rose 8.9% and 4.22% while Official Trump and SPX6900 slipped 2.15% and 1.39%. Liquidation bursts hit the category amid the funding sign change.
Layer 2 perps fell 0.52% in a beta-move frame, extending a sixth straight edition lower. Arbitrum jumped 7.65% while Starknet dropped 4.96% on profit-taking after an L1 transition proposal rally and recent token unlock. The category's open interest stands at $97.6M.
Infrastructure perps slipped 0.39% in a squeeze frame, narrowing a third straight edition lower. LayerZero and Chainlink rose 3.01% and 1.46% while Wormhole and Nillion fell 3.95% and 3.5%. Institutional interest in LayerZero's Atlas deployment surfaced in chatter.
Gaming perps slid 2.24% in an outlier frame, extending a sixth straight edition lower. The Sandbox dropped 6.19% amid extreme negative funding at -814.9% annualized and volume running 3.1 times its seven-day average. Shorts pay longs heavily on the name.
7-day confirmed liquidations $136.8M — longs $105.2M, shorts $31.6M (lower bound). Last 24h: $28.9M across 16 bursts — largest $6.7M in ETH shorts.
24h return dispersion σ 2.90% across 144 markets.
Widest 7-day gap in Infrastructure: PYTH -6.5% vs W -55.5% — 49pp 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: Layer 1 leads at -7.3%; Gaming lags at -14.7%.
Broad-based gains lifted 136 of 178 coins as total perps volume reached $5.68B and open interest held at $10.89B. The median token rose 1.3% while shorts paid heavily on SAND, JUP and XMR.
341 markets (163 hip-3) · $9.54B 24h volume ($3.86B hip-3) · $14.78B open interest ($3.90B hip-3) · median crypto 24h +1.3%
Nillion surged 15.09% and LayerZero rose 7.04%, lifting the infrastructure category 2.09% and moving it from seventh to sixth in volume rank. Pyth Network fell 3.26%. The moves came against a 1.3% median with no clear catalyst in the chatter.
Injective led Layer 1 perps higher after flipping to longs-pay funding at 10.95% annual, extending a second straight edition of gains. Sonic rose 11.17% on thin volume while Hedera and Celestia slipped 2.65% and 2.03%. The category's 1.45% advance outpaced the 1.3% median as Injective's revenue-driven tokenomics drew the clearest chatter.
Pump.fun extended its squeeze as shorts paid 46.04% annual funding amid heavy perp volume. The category flipped to shorts-pay funding overall and posted a 0.9% gain against the 1.3% median. Pons rose 2.71% while Pax Gold and USELESS held flat.
Curve DAO jumped 7.92% on airdrop-driven chatter, outpacing the category's 1.92% advance. Morpho followed with a 7.62% gain while World Liberty Financial slipped 4.31% on 3.64x its seven-day average volume. Aerodrome Finance fell 2.54% as funding stayed positive across the group.
OI-weighted funding +9.1% annualized at the issue clock — longs paying shorts.
Extremes: SAND -144% ann (shorts pay) · JUP -65% ann (shorts pay) · XMR -46% ann (shorts pay)
Venice and Worldcoin reversed a two-edition losing streak, rising 10.56% and 7.07% as the AI category posted a 2.69% gain. Grass held near flat at -0.18%. The moves came against a 1.3% median with no clear catalyst in the chatter.
Purr led meme perps with a 10.1% gain while Pepe (1000x) added 5.76% amid a liquidation burst. Fartcoin flipped to shorts-pay funding at -16.4% annual and fell 2.31% as the category rose 2.4%. SPX6900 slipped 2.25%.
Arbitrum rose 7.97% while Starknet fell 2.96% inside Layer 2. The category posted a 0.56% gain against the 1.3% median. Stacks added 0.73%.
Gaming fell 0.27% over 24h against a 1.30% median move across the tape, extending a 14.71% 7-day slide. The Sandbox (SAND) fell 0.67% on $3.9M of volume, with funding at 144.0% annualized as shorts pay longs. A 7th straight edition lower for the category.
7-day confirmed liquidations $140.3M — longs $105.2M, shorts $35.1M (lower bound). Last 24h: $26.3M across 16 bursts — largest $6.7M in ETH shorts.
24h return dispersion σ 3.17% across 142 markets.
Widest 7-day gap in Layer 2: ARB +4.2% vs STRK -40.0% — 44pp 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.