DRIFT/USDT
Last updated: 11/2/2026, 5:07:38 AM
Market calm across metrics
Pulse signals— velocity & rarity composite
What's moving fast right now. Independent from the static stress score.
Stress-score timeline
Aggregated Open Interest (All Exchanges)
Risk Signals (Extra)
Liquidation history
Positioning summary
Binance's top traders by position size are 52.5% long and 47.5% short in DRIFTUSDT, a long/short ratio of 1.10. All accounts on the venue sit at 78.0% long, so the largest positions are leaning against the crowd. DRIFT has no Hyperliquid whale book, so these venue-wide ratios stand in for it; the interactive panel below reloads them on its own.
Open Interest
CoinalyzeFunding Rate
CoinalyzePer-exchange futures data▾
| Metric | Binance | Bybit | KuCoin |
|---|---|---|---|
| Price | $0.01294 | $0.01287 | $0.01294 |
| OI (USD) | $1.46M | $1.51M | $351.49K |
| OI share | 44.0% | 45.5% | 10.6% |
| OI (tokens) | 112,730,970 | 117,200,886 | 27,162,740 |
| Funding rate | 0.0050% | — | — |
A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.
External Data (CoinMarketCap & Coinalyze)
Other funding-squeezers
DRIFT sits in the funding-squeezers cohort. These perpetuals trade alike, so their leverage tends to build and unwind the way DRIFT's does:
- PHA0.15+1.5%
- REZ0.25-9.5%
- AGLD0.14-4.3%
- SUPER0.13+1.7%
- AWE0.26-12.7%
- DUSK0.01-0.8%
- ONG0.01+0.4%
- RPL0.01-0.7%
Stress score (0–1) and 24h price change, from the same daily sync as this page.
DRIFT perpetuals — common questions
Answered from this pair's current readings, refreshed with the daily sync.
What are DRIFT's current liquidation levels?
Across the exchanges we aggregate, $576 of DRIFT positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for DRIFTUSDT is the realised liquidation flow above plus the long/short split in the liquidation-history chart on this page — not a map of where stops sit.
How much open interest does DRIFT have right now?
Aggregated open interest in DRIFT perpetuals is $3.32M: $1.46M on Binance (44%), $1.51M on Bybit (45%) and $351.5K on KuCoin (11%). That position base is +0.8% over 24 hours and -1.1% over the last week. Open interest is 5.09× the pair's 24-hour volume, so positions are being held rather than churned.
What is DRIFT's funding rate?
Binance settles DRIFTUSDT funding at 0.0050% every 8 hours, which annualises to roughly 5.5%. Funding is positive, so longs are paying shorts to keep the trade on — the crowd is leaning long and carrying a cost to do it. At that rate a $10,000 position on the long side pays about $1.50 a day to stay open.
Is DRIFT over-leveraged right now?
DRIFT's leverage-stress score is 0.197 out of 1.0, which we band as low risk. It blends three readings: how big the perp book is next to the token itself ($10.30M of market cap against $3.32M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($576 in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.
Has DRIFT seen heavy liquidations lately?
Over the last 30 complete days, 91% of the DRIFT notional that got liquidated was long positions and 9% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 18th percentile of the last 90 days, meaning today is unusually quiet for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.
Is DRIFT's positioning changing quickly?
DRIFT's pulse score is 0.244 out of 1.0 — a measure of how unusual its current open-interest, funding and volatility moves are against its own 90-day history, kept deliberately separate from the stress score. The readings behind it right now: open interest +0.8% in a day and an unusually tight trading range. At this level nothing unusual is happening yet.
DRIFT/USDT (DRIFTUSDT) perpetual futures shows a leverage-stress score of 0.197 out of 1.0 (low risk), $3.32M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of 0.0050% as of Nov 2, 2026. These are diagnostic readings of market conditions, not a trade signal.