Live market
Cardano price, live, and the gap between roadmap and market
The cardano price on this page is a live perpetual contract price read from the order book, and the section below sets out why ADA's development cadence and its price have historically moved on different clocks.
Read from the exchange as this page rendered. A perpetual contract on ADA, with the spread and funding that describe how the market is positioned.
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HyperBoard: Crypto Market Dashboard
prices, funding rates, open interest and liquidity across crypto perpetual markets, live.
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Read from the Pacifica perpetual book at 2026-09-27 11:34 UTC, through our own keyless relay, and refreshed at most every five minutes. Any figure quoted from this page is accurate as of that time and not afterwards.
A research-led chain trades on a market clock
Cardano's development is deliberately slow and peer-reviewed, with long gaps between releases. Markets do not price on that cadence: they price on flow, and flow arrives in bursts that have little to do with a paper being published. The practical consequence is that the price above will frequently disagree with the development narrative in both directions, and neither disagreement is evidence about the other.
Staking changes what the float means
A large share of ADA is delegated to stake pools, and delegated stake is still liquid in a way that locked stake is not. That makes float arguments about cardano weaker than they look: the coins are earning, not immobilised. Any claim that a large staked percentage will constrain supply should be checked against how quickly that stake can move, which on cardano is faster than most assume.
What the funding figure says here
ADA usually sits near the venue's baseline funding rate, which means the number carries no information most of the time. The count beside the table says how many markets shared that baseline when this page rendered. Funding becomes informative on the days it leaves the baseline, and reading the baseline as a signal is inventing one.
The perpetual price against the spot you can buy
This is a contract, settled in cash, with no ADA involved at any point. It tracks spot because funding pulls it there and because traders arbitrage the gap. It is not the price a spot exchange will fill you at, and the difference widens exactly when it matters most, which is during a fast move.
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Open, change it, publish your own
Pacifica Market Maker
runs a maker strategy on this same Pacifica book and shows spread, inventory and PnL as they change.
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Three working apps that read this kind of market. Open one, change it, and publish your own.
- HyperBoard: Crypto Market Dashboard
prices, funding rates, open interest and liquidity across crypto perpetual markets, live.
- SignalDesk
ranks tokens by a composite signal and charts them with EMA, Bollinger, RSI and MACD overlays, on Hyperliquid.
- Pacifica Market Maker
runs a maker strategy on this same Pacifica book and shows spread, inventory and PnL as they change.
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