Binance’s dollar-denominated open interest in Cardano (ADA) perpetual futures fell 12.8% through Nov. 9, as the token’s price also slid nearly 10% over the week.
From Nov. 2 to Nov. 9, open interest declined from roughly $63.5 million to about $55.4 million. ADA fell from about $0.1938 to $0.1747, a drop of roughly 9.9%.
Funding was below zero on six of the nine venues in the Nov. 9 snapshot. The median rate was -0.0041% per eight hours. Bybit’s rate was about -0.0113%, and Hyperliquid’s was about -0.0103%; two venues had positive rates and one was neutral.
On Binance, long positions accounted for 65% of ADA perpetual-futures accounts. Among the exchange’s top traders, long positions made up about 63% of position size. The account share and position-size reading measure different things.
Below-zero funding sends payments from shorts to longs. Account counts do not determine the rate; each venue’s calculation reflects its contract’s price relative to spot and its own funding rules.
