ANKR +21% to $0.00474: OI Jumps 71%, Funding Negative
Spot buyers push ANKR 21% higher
ANKR traded at $0.00474 around 08:38 Beijing time on September 3, up 21% in 24 hours, with a session high of $0.004949 and a low of $0.003867. Spot volume reached roughly $160 million over that window. The gain shows up across exchanges, not on a single book: Binance, Bybit and Bitget all print a 19-21% advance, so this is a broad bid rather than a thin order book painting the tape.
Open interest jumps 71% while funding goes negative
Derivatives tell a different story from spot. Total open interest in ANKR perpetuals rose 71% in 24 hours to about $5.8 million. Binance carries 45.7% of that book and added 86.5% during the day; Bybit, the second-largest venue, grew 68.6%; Whitebit added 80.6%. Gate starts from a small base but nearly tripled its positions in the last four hours, up 198% on the 4-hour change.
The striking part is funding. Rates sit negative on essentially every venue that reports them: Binance at about -0.12%, Bybit the most negative near -1.3%, Gate at -0.6%, with MEXC and KuCoin slightly below zero. Negative funding means shorts are the side paying to hold their positions. When the price climbs while shorts keep paying, the setup leans toward a squeeze: leveraged bears are adding into strength instead of covering.
What to watch next
Two paths branch from here. If ANKR holds above $0.0047 and funding stays negative, forced short covering can feed the next leg up. If momentum fades and price slips back under $0.0039, the longs who built into the rally are exposed, and an OI book that jumped 71% in one day can unwind just as fast.
For traders the metric to track is funding alongside the OI change rate, not the price alone. Negative funding plus a fast-growing book signals a crowded short side, and that imbalance usually resolves in one violent direction. Spot strength with negative perp funding is a divergence worth respecting until one side breaks.
Data as of 08:38 Beijing time on September 3, 2026, covering major exchanges including Binance, Bybit, Bitget, Gate, MEXC, KuCoin and Whitebit.