A share you can hold at three in the morning

This contract follows the price of Coinbase Global without ever touching the share itself. There is no expiry to roll and no settlement date to plan around: a position stays open until you close it.

Because it settles against a price feed rather than the stock exchange, it keeps trading through the night and the weekend, when the share itself is frozen.

Outside market hours

COIN shares stop when the exchange closes; this contract does not. News landing after the closing bell is priced here immediately, while the share itself waits for the next open. The book is thinner overnight, so spreads widen and the venue asks for more margin.

Open interest

$12.2K — the money still on the table. Volume says how much changed hands; this says how much has not left.

Funding

Right now it is positive, so longs are the crowded side and they pay shorts.

Smallest order

$5.00 of notional

Maintenance margin

13.33% of position value

Source

The venue's public API. Nothing here is modelled or estimated.

COIN perpetual

A share you can hold at three in the morning

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