Drift Protocol — Live Price, Open Interest & Funding
#873 DRIFTDrift Protocol (DRIFT) is a defi cryptocurrency ranked #873 by market capitalisation. It is currently trading at $0.0153515, down 3.67% over the last 24 hours. The 24-hour range has stretched from $0.0152538 to $0.0166815. 24-hour volume reached 316M DRIFT (~$4.85M), with total turnover of $4.86M. Open interest on perpetual futures sits at 331M DRIFT ($5.08M), reflecting the size of leveraged positions still open. Average funding rate across 6 exchanges is -0.0066%, with shorts paying longs — typically a sign of bearish positioning. Market capitalisation is $9.39M, 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 | $0.01536 | $2.3M | +0.005% |
| Bybit | $0.01534 | $759K | +0.005% |
| KuCoin | $0.01528 | $79K | -0.0605% |
| BingX | $0.01537 | $60K | — |
| Bitget | $0.01538 | $223K | +0.005% |
| HTX | $0.0154 | $135K | — |
| MEXC | $0.01541 | $121K | +0.005% |
| Gate | $0.01534 | $206K | +0.001% |
Price changes
Key data
- Open interest
- 331M DRIFT ($5.08M)
- Turnover · 24h
- $4.86M
- Volume · 24h
- 316M DRIFT ($4.85M)
- Fully diluted market cap
- $9.39M
- Circulating supply
- 612M DRIFT
- Total supply
- 1B DRIFT
- Max. supply
- 1B DRIFT
Profile
- Rank
- #873
- 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 | $0.01536 | — | 99M | $2.3M | +0.005% |
| Bybit | $0.01534 | $0.01537 | 117M | $759K | +0.005% |
| KuCoin | $0.01528 | $0.0153 | 33M | $79K | -0.0605% |
| BingX | — | $0.01537 | — | $60K | — |
| Bitget | $0.01538 | $0.0153 | 48M | $223K | +0.005% |
| HTX | — | $0.0154 | — | $135K | — |
| MEXC | $0.01541 | $0.01537 | 21M | $121K | +0.005% |
| Gate | $0.01534 | $0.01535 | 13M | $206K | +0.001% |
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 $0.0153515 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 −0.0066% — shorts are paying longs. 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 negative rate means short positioning is dominant; sustained readings below −0.05% commonly precede a short-squeeze — a sharp move up as shorts cover at market.
- What is the DRIFT open interest now?
- Total DRIFT open interest across our tracked venues is 331M (~$5.08M 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.