AM edition
issue generated 2026-10-27 06:34 UTC · data as of 2026-10-27 06:34 UTC
98 up · 80 down — 55.1% of markets up 24h
AM edition
issue generated 2026-10-27 06:34 UTC · data as of 2026-10-27 06:34 UTC
98 up · 80 down — 55.1% of markets up 24h
PM edition
issue generated 2026-10-27 18:34 UTC · data as of 2026-10-27 18:34 UTC
115 up · 64 down — 64.3% of markets up 24h
7-day: Memes leads at -1.8%; Layer 2 lags at -8.8%.
Quiet tape persists with 98 coins higher against 80 lower as total perp volume reaches $4.4B and median change sits at 0.19%. Funding extremes remain concentrated in GRAM, WLD and BABY while seven coins flip funding sign.
344 markets (166 hip-3) · $7.33B 24h volume ($2.93B hip-3) · $15.04B open interest ($4.04B hip-3) · median crypto 24h +0.2%
USD.AI volume spiked 7.95 times its 7-day average after the protocol executed a $1M buyback. CHIP rose 11.96% while MORPHO added 8.49%, lifting the category 0.99% against the 0.19% median. The outlier frame is driven by the single volume anomaly.
Layer 1 perps finished at their 7-day low with DOT flipping to shorts paying 19.61% annualized. Breadth stayed narrow as DASH and INIT led while GRAM printed the steepest funding extreme at -65.77%. Volume rank held at first place for a second straight edition.
ONDO advanced 1.58% while the category matched the tape median at 0.19%. PONS gained 3.03% with no funding flips or volume anomalies recorded.
AI perps extended their third straight edition lower and closed at the 7-day low after flipping to shorts paying. TAO edged 0.12% higher while GRASS and RENDER slipped, leaving the category 0.45% below the tape median. No clear catalyst in the chatter.
OI-weighted funding +8.0% annualized at the issue clock — longs paying shorts.
Extremes: GRAM -66% ann (shorts pay) · WLD -47% ann (shorts pay) · BABY -46% ann (shorts pay)
Fartcoin flipped from shorts paying to longs paying at 10.95% annualized while SPX6900 rose 4.02%. The category posted a 0.85% gain against the 0.19% median and held fifth rank by volume. Funding regime shift marks the crowding frame.
Infrastructure perps lagged the median by 0.19 points as NIL fell 4.27% and ZRO slipped 3.92%. Volume stayed light at $23.9M and open interest unchanged. The category remains one rank off the prior edition with no funding or volume signals.
Starknet rose 3.05% amid chatter on the recent token unlock and a governance vote to explore an independent post-quantum L1. The category gained 0.78% with no funding flips recorded.
Gaming reversed its weekly decline with a 1.02% gain against the 0.19% median. The category printed its first positive session after seven days lower and sits eighth by volume. No movers or funding data flagged.
7-day confirmed liquidations $70.0M — longs $49.2M, shorts $20.8M (lower bound). Last 24h: $0.00 across 0 bursts.
24h return dispersion σ 2.60% across 142 markets.
Widest 7-day gap in Layer 1: INIT +22.9% vs TIA -16.8% — 40pp 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: Memes leads at -4.0%; Layer 2 lags at -8.0%.
Hyperliquid perps: 348 markets (169 hip-3) traded $6.6B in 24h volume ($2.7B hip-3) against $15.6B of open interest ($4.1B hip-3); the median crypto market moved 0.51%. Confirmed liquidations over the window: at least $3.1M across 1 bursts.
348 markets (169 hip-3) · $6.57B 24h volume ($2.72B hip-3) · $15.56B open interest ($4.07B hip-3) · median crypto 24h +0.5%
XTEN reversed a second straight edition lower with a 76.11% gain after its pre-market perp listing and airdrop narrative hit multiple venues. The category's $57.5M volume outpaced the 0.51% median as Pons added 3.62% and USELESS slipped 1.77%.
Initia surged 32.66% on trader chatter citing a falling-wedge breakout, flipping the category's funding regime to shorts_pay at -236.45% annual. Layer 1 open interest stands at $10.1B while the group posted a second straight edition higher, outpacing the 0.51% tape median. Zcash added 4.9% as Celestia and Monad slipped 1.61% and 1.58%.
Renzo extended a third straight edition higher, jumping 9.76% with funding at -122.27% annual. DeFi open interest reached $525M as Morpho rose 3.31% while USD.AI and Aave slipped 3.35% and 2.67%.
Worldcoin flipped from shorts_pay to longs_pay at 10.95% annual funding while the AI group posted a first edition higher. FET rose 3.52% and Venice added 2.21% as Render slipped 1.74% against the 0.51% tape median.
OI-weighted funding +10.6% annualized at the issue clock — longs paying shorts.
Extremes: XMR +51% ann (longs pay) · INIT -236% ann (shorts pay) · NIL -188% ann (shorts pay) · REZ -122% ann (shorts pay)
Official Trump flipped from shorts_pay to longs_pay at 10.95% annual funding while Cash Cat jumped 7.15% on Robinhood-listing chatter. The meme category's $32.2M volume sits below the 0.51% median as Pepe (1000x) rose 2.72% and SPX6900 slipped 0.15%.
Nillion flipped from longs_pay to shorts_pay at -187.52% annual funding while the infrastructure group posted a second straight edition higher. NIL rose 6.53% as LayerZero added 1.04% against the 0.51% tape median.
Starknet reversed a second straight edition lower with a 0.28% gain amid chatter on Ethereum Exit Vote and v0.14.3 upgrade. Layer 2 open interest stands at $88.0M as Arbitrum slipped 0.07% against the 0.51% tape median.
Gaming category rose 0.46% against the 0.51% tape median, extending a second straight edition higher. Open interest reached $6.9M with no movers listed in the slice.
7-day confirmed liquidations $73.1M — longs $49.2M, shorts $23.9M (lower bound). Last 24h: $3.1M across 1 burst — largest $3.1M in ETH shorts.
24h return dispersion σ 7.32% across 138 markets.
Widest 7-day gap in Layer 1: INIT +40.5% vs APT -17.1% — 58pp apart.
At open-interest cap: CANTO, FTM, JELLY, LOOM, RLB, VINE, ZEREBRO.
3 markets 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.