Kaspa was fair-launched in November 2021 with no pre-mine, zero pre-sale, and no coin allocations, and is 100 percent community-managed. Kaspa aims to be the world's global sequencer for traditional finance and decentralized crypto markets by utilizing proof-of-work and its BlockDAG consensus protocol, GHOSTDAG. Being the world's fastest proof-of-work network, Kaspa combines five properties: (1) hard money principles, (2) Bitcoin's ethos of security-first fundamentals (boasting a security threshold of fifty percent with significant market hashrate), (3) decentralization from rapid block rate mining, (4) block speeds faster than any PoW or PoS network, and (5) smart contract development through based-rollups without fragmented liquidity. Ushering in all five properties, Kaspa is on track to fulfill Satoshi Nakamoto's vision of a digital medium of exchange while also advancing global layer-one sequencing and minuscule confirmation times dominated by internet latency (cf. chapter 6 of the the paper for some initial benchmarks). The Kaspa implementation includes a lot of cool features and subprotocols including Reachability to query the DAG's topology, Block data pruning (with near-future plans for block header pruning), SPV proofs, and later subnetwork support which will make future implementation of layer 2 solutions much easier.
Order Book
Connecting…Price Chart: KAS
Largest Bid Walls
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Largest Ask Walls
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KAS Funding Rate History
Last 7 days · 168 intervalsOver the last 7 days, KAS funding has averaged 0.00133% per hour, an annualised rate of 11.6%. Longs paid shorts in 100% of intervals, meaning positioning has leaned long and holding a long position carried an ongoing cost. The rate ranged from 0.00125% to 0.00861%. Work out what this costs on your own position with the funding rate calculator.
KAS funding & market FAQ
What is the current KAS funding rate?
The current KAS funding rate on Hyperliquid is 0.00125% per hour, with a predicted next rate of 0.00125%. Over the past 7 days it has averaged 0.00133%. Hyperliquid charges funding every hour, unlike most centralised exchanges which charge every eight.
Who pays funding on KAS right now?
The rate is positive, so longs pay shorts. This happens when the perpetual trades above spot price, and it makes holding a long position an ongoing cost. See how funding rates work for the full mechanism.
What does KAS open interest tell me?
KAS currently has $2,419,097 of open interest, ranking #175 of 533 Hyperliquid markets. Open interest measures capital currently committed to open positions rather than trading activity, so rising open interest alongside rising price indicates new positions rather than a short squeeze. Read more on open interest.
What is my liquidation price on a KAS position?
At the current mark price of $0.042259, a 10x long would be liquidated around $0.038033 and a 10x short around $0.046485. Higher leverage moves those levels much closer — calculate yours exactly with the liquidation price calculator.
Can I trade KAS perpetuals without an account?
Trading requires a Hyperliquid wallet connection, but all the data on this page is public and free to view. You can also inspect any trader's KAS positions, entries and realised PnL by pasting their wallet address — no sign-up needed.
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