Drift Protocol — Live Price, Open Interest & Funding
#985 DRIFTDrift Protocol (DRIFT) is a defi cryptocurrency ranked #985 by market capitalisation. It is currently trading at $0.0261038, down 7.87% over the last 24 hours. The 24-hour range has stretched from $0.0255931 to $0.0268692. 24-hour volume reached 379M DRIFT (~$9.89M), with total turnover of $9.88M. Open interest on perpetual futures sits at 419M DRIFT ($10.95M), reflecting the size of leveraged positions still open. Average funding rate across 6 exchanges is +0.0248%, with longs paying shorts — typically a sign of bullish positioning. Market capitalisation is $15.96M, with a circulating supply of 612M DRIFT out of a maximum of 1B DRIFT. Drift Protocol launched in 2022. Live data is aggregated from 8 major exchanges including Binance, Bybit, KuCoin.
Markets
| Exchange | Price | Turnover 24h | Funding |
|---|---|---|---|
| Binance | $0.02606 | $4.6M | +0.005% |
| Bybit | $0.02611 | $2M | +0.005% |
| KuCoin | $0.0261 | $220K | +0.0601% |
| BingX | $0.02615 | $95K | — |
| Bitget | $0.02612 | $541K | +0.0533% |
| HTX | $0.0261 | $242K | — |
| MEXC | $0.0262 | $229K | +0.005% |
| Gate | $0.02615 | $429K | +0.0201% |
Price changes
Key data
- Open interest
- 419M DRIFT ($10.95M)
- Turnover · 24h
- $9.88M
- Volume · 24h
- 379M DRIFT ($9.89M)
- Fully diluted market cap
- $15.96M
- Circulating supply
- 612M DRIFT
- Total supply
- 1B DRIFT
- Max. supply
- 1B DRIFT
Profile
- Rank
- #985
- Type
- Token
- Category
- DeFi
- Date Launched
- 04 Nov 2022
Links
Funding rate Drift Protocol
Funding rate is paid every 8 hours between long and short traders. Positive rate: longs pay shorts (market is bullish). Negative rate: shorts pay longs. Extreme values (>0.1%) often precede reversals.
Drift Protocol Price & Volume by Exchange
| Exchange | Futures | Spot | Open interest | Turnover 24h | Funding |
|---|---|---|---|---|---|
| Binance | $0.02606 | — | 121M | $4.6M | +0.005% |
| Bybit | $0.02611 | $0.02608 | 110M | $2M | +0.005% |
| KuCoin | $0.0261 | $0.026 | 91M | $220K | +0.0601% |
| BingX | — | $0.02615 | — | $95K | — |
| Bitget | $0.02612 | $0.0261 | 45M | $541K | +0.0533% |
| HTX | — | $0.0261 | — | $242K | — |
| MEXC | $0.0262 | $0.0261 | 30M | $229K | +0.005% |
| Gate | $0.02615 | $0.02608 | 22M | $429K | +0.0201% |
Futures and spot price comparison across major exchanges. A large spread between exchanges may signal arbitrage opportunity or liquidity imbalance.
Frequently asked questions
- What is the current price of Drift Protocol (DRIFT)?
- Drift Protocol (DRIFT) is currently trading at $0.0261038 USDT. The price updates every minute and is aggregated across the major crypto exchanges — Binance, Bybit, OKX, KuCoin, Bitget, BingX, MEXC, HTX, Gate.io and Hyperliquid — which removes single-venue outliers and gives a stable reference price you can use for alerts and cross-exchange comparison.
- Where is DRIFT traded?
- Drift Protocol (DRIFT) is currently tracked across 8 exchanges: Binance, Bybit, KuCoin, BingX, Bitget, HTX, MEXC, Gate — both USDT-M perpetual futures and USDT spot pairs where available. Data refreshes every minute, and each venue feeds the aggregated metrics (price, turnover, open interest, funding).
- What is the DRIFT funding rate now?
- Average DRIFT funding across 6 exchanges is +0.0248% — longs are paying shorts. Funding is a periodic payment between perpetual-contract sides that pins the perp price to spot; it is charged every 8 hours on most venues (some run 4-hour or 1-hour cycles). A positive rate means long positioning is dominant; sustained readings above +0.05% historically signal long-side overcrowding and frequently precede a long-squeeze — a sharp reversal as longs get force-liquidated.
- What is the DRIFT open interest now?
- Total DRIFT open interest across our tracked venues is 419M (~$10.95M in USD). Open interest is the aggregate notional of unsettled futures contracts (each contract is one long + one short, counted once). Rising OI with rising price confirms fresh money entering and trend strength; rising OI with falling price points to aggressive short build-up; falling OI signals position unwinding and weakening momentum. Watch OI live in the dashboard or set an OI-spike alert below.
- How can I get an alert on DRIFT price, OI or funding moves?
- JustScreener scans all 4000+ pairs on 10 exchanges every minute — there is no list of coins to configure. For price, OI or volume alerts use the Custom Screener; for funding — the Funding Screener. A Telegram or push notification fires the moment a rule triggers.