SHAZ Price Today: Live Perpetual Price
Track SHAZ perpetual contract price in real-time with live market data, funding rates, open interest, and 24h volume. Compare spot vs perpetual prices...
The current SHAZ price is $[live value] USD, updated in real time from perpetual contract markets. This page tracks the SHAZ perpetual contract (also called a perpetual swap), a derivative instrument distinct from the SHAZ spot price.
SHAZ price chart
Toggle between timeframes to view SHAZ perpetual price movements across 1-hour to 1-year intervals.
[Interactive chart module: SHAZ Perpetual Price (USD) | Timeframe toggles: 1H | 4H | 1D | 1W | 1M | 1Y | View: Candlestick / Line | Volume bars displayed beneath price candles]
SHAZ perpetual contract data
[Live data module: updated in real time]
Mark Price: $[live value]
Mark price is the fair value reference the exchange uses to calculate unrealized P&L and determine liquidation proximity. It is distinct from the last traded price. Mark price is derived from the SHAZ spot index price plus a basis adjustment, which prevents market manipulation from triggering liquidations unfairly.
Index Price: $[live value]
The SHAZ spot index price is the aggregate spot price of SHAZ across multiple exchanges, representing the token's true market value that the perpetual contract is designed to track.
Funding Rate: [+/-]% | Next funding: [HH:MM:SS]
The perpetual funding rate is a periodic payment exchanged between long and short position holders. A positive rate means long positions pay short positions; a negative rate means short positions pay long positions. The rate updates every eight hours and keeps the SHAZ perpetual price anchored to the spot index price. For a full explanation of how this mechanism works, see the SHAZ perpetual pricing explainer below.
Open Interest: $[live value] | 24h change: [+/-]%
Open interest represents the total USD value of all currently open SHAZ perpetual positions, combining both long and short sides. Rising open interest alongside a price move suggests more traders are entering positions in the direction of that move. Falling open interest suggests position unwinding. Open interest measures outstanding positions; 24h volume measures completed trades.
SHAZ market data and key statistics
| Metric | Value |
|---|---|
| Market Cap (Circulating) | $[live value] |
| Fully Diluted Market Cap | $[live value] |
| 24h Volume | $[live value] |
| 24h High | $[value] |
| 24h Low | $[value] |
| All-Time High | $[value] ([full date]) |
| All-Time Low | $[value] ([full date]) |
| Circulating Supply | [value] SHAZ |
| Total Supply | [value] SHAZ |
| Max Supply | [value] SHAZ |
SHAZ's market cap is the total USD value of all SHAZ tokens currently in circulation, calculated as current price multiplied by circulating supply. A higher market cap generally indicates greater adoption and market depth.
24h volume measures the total USD value of SHAZ trades executed across all markets in the past 24 hours. Higher 24h volume indicates greater SHAZ liquidity, meaning traders can buy or sell larger positions with less price impact.
Circulating supply is the number of SHAZ tokens currently available in the market, used to calculate market capitalization. Max supply represents the hard cap on the total number of SHAZ tokens that will ever exist, a key factor in assessing scarcity.
What is SHAZ?
For a full breakdown of the SHAZ token, its use cases, and tokenomics, see what is SHAZ token.
SHAZ is listed on both spot and perpetual contract markets. On spot markets, buyers acquire actual SHAZ tokens and take direct ownership. On perpetual contract markets, traders gain price exposure to SHAZ without owning the token. This page tracks the SHAZ perpetual contract price, which may differ slightly from the spot price at any given moment. Cryptocurrency prices, including SHAZ, are subject to high volatility and can change significantly in short periods. The section below explains how perpetual pricing works and why this difference exists.
How SHAZ perpetual pricing works
SHAZ perpetual contracts use a funding rate mechanism to track the token's spot price continuously, without requiring an expiry date. The subsections below break down each component of that mechanism.
What is a SHAZ perpetual contract?
A SHAZ perpetual contract is a derivative instrument that allows traders to speculate on SHAZ's price without owning the token. Unlike standard futures contracts, perpetual contracts have no expiry date, so traders can hold positions indefinitely as long as they maintain sufficient margin. The price stays anchored to SHAZ's spot market value through a periodic payment called the funding rate. Traders can take a long position (betting the price will rise) or a short position (betting the price will fall), with funding payments exchanged periodically between the two sides.
SHAZ spot price vs. perpetual price
SHAZ spot price: The price at which SHAZ tokens are bought and sold directly on exchanges. Buying at spot price means you own the token outright.
SHAZ perpetual price: The price of a derivative contract that tracks SHAZ's value. No token ownership is involved. The perpetual price may differ slightly from spot due to market demand imbalances, with the funding rate mechanism continuously working to close the gap.
The two prices converge over time because the funding rate penalises whichever side is causing the divergence. Users looking to purchase SHAZ tokens directly can find exchange listings in the Where to buy and trade SHAZ section below.
Understanding the SHAZ funding rate
Every eight hours, the SHAZ perpetual contract settles a payment between opposing position holders called the funding rate. The mechanism works as follows:
- SHAZ perpetual contracts continuously track the token's spot index price (aggregated across exchanges).
- When the perpetual price rises above the index price, long positions pay short positions via the funding rate, pushing the perpetual price back toward spot.
- When the perpetual price falls below the index price, short positions pay long positions, pushing it back up.
A positive funding rate signals long-heavy market positioning; a negative rate signals short-heavy positioning. This self-correcting mechanism keeps the perpetual and spot prices aligned over time.
For a step-by-step walkthrough of opening and managing positions, see how to trade SHAZUSDT perpetual futures.
Mark price, index price, and liquidation
Mark price is the fair value reference the exchange uses to calculate unrealized P&L and determine liquidation proximity. It is distinct from the last traded price. Mark price is calculated from the SHAZ spot index price plus a basis spread, a method designed to prevent temporary price manipulation from triggering liquidations unfairly.
The SHAZ spot index price is the aggregate spot price of SHAZ across multiple exchanges. The last traded price is the price of the most recent transaction on the perpetual market, which may deviate from both mark and index price during periods of high volatility.
To read a SHAZ perpetual price, check each metric in order:
- Last traded price - the most recent transaction on the perpetual market.
- Mark price - the exchange's fair value reference used for P&L and liquidation calculations.
- Index price - the spot market anchor, aggregated across exchanges.
- Funding rate - the periodic cost of holding a position, updated every eight hours.
If the SHAZ price moves against a leveraged position and the mark price reaches the trader's liquidation price, the exchange will automatically close that position to prevent losses exceeding the deposited margin.
Where to buy and trade SHAZ
SHAZ perpetual contracts are available on Bybit in the SHAZ/USDT trading pair. USDT (Tether) is a USD-pegged stablecoin, so the SHAZ/USDT price is effectively equivalent to the SHAZ/USD price. When selecting an exchange to trade SHAZ perpetuals, consider 24h trading volume (higher volume indicates greater liquidity), fee structure, supported leverage levels, and regulatory availability in your jurisdiction.
| Exchange | Trading pair | Type | 24h Volume | Trade |
|---|---|---|---|---|
| Bybit | SHAZ/USDT | Perpetual | $[live value] | Trade SHAZUSDT on Bybit |
For forward-looking price scenarios and technical analysis, see SHAZ price prediction 2026.
Frequently asked questions about SHAZ
What is the SHAZ funding rate?
Every eight hours, traders on opposite sides of SHAZ perpetual positions exchange a small payment called the funding rate. A positive rate means long position holders pay short holders; a negative rate means the reverse. The funding rate keeps the SHAZ perpetual price aligned with the spot index price. The current live rate is displayed in the SHAZ perpetual contract data module above.
What is the difference between SHAZ perpetual price and spot price?
The SHAZ spot price is the price at which you buy or sell actual SHAZ tokens on an exchange. Buying at spot price means you own the token directly. The SHAZ perpetual price is the price of a derivative contract that tracks SHAZ's value without token ownership. The two prices may differ slightly at any given moment; the funding rate mechanism continuously works to align them. See the perpetual pricing explainer above for a full breakdown.
What happens if my SHAZ perpetual position is liquidated?
If the SHAZ price moves against your leveraged perpetual position and the mark price reaches your liquidation price, the exchange will automatically close your position to prevent losses exceeding your deposited margin. You may lose some or all of the margin deposited for that position. Liquidation is an exchange-triggered event, not a trader-set order, and it differs from a stop-loss. Cryptocurrency investments and leveraged trading carry significant risk.
Which exchanges list SHAZ perpetual contracts?
SHAZ perpetual contracts are currently listed on Bybit, primarily in the SHAZ/USDT trading pair. You can trade SHAZUSDT on Bybit directly. The Where to buy and trade SHAZ section above includes a full exchange table with trading pairs, 24h volume, and direct links to each platform.
What is SHAZ's market cap?
SHAZ's market cap is the total USD value of all SHAZ tokens currently in circulation, calculated by multiplying the current price by the circulating supply. The live market cap figure is displayed in the price widget at the top of this page and in the SHAZ market data and key statistics table above.
What blockchain is SHAZ on?
SHAZ operates on the [Network Name] blockchain.
What is open interest in SHAZ perpetual trading?
Open interest is the total USD value of all currently open SHAZ perpetual positions, combining both long and short sides. It differs from 24h trading volume: open interest shows how many positions are currently open, while volume shows how many trades have been executed. Rising open interest alongside a price move suggests traders are entering new positions in that direction; falling open interest suggests position unwinding.
Is SHAZ a good investment?
Whether SHAZ suits your investment goals depends on your individual financial situation, risk tolerance, and objectives. This page provides live market data and information to support your research. Cryptocurrency investments carry significant risk, including the possibility of losing your entire investment. Past performance is not indicative of future results. This page does not constitute financial advice. For a full 2026 investment risk and opportunity assessment, see SHAZ investment analysis 2026. Always consult a qualified financial advisor before making investment decisions.
Related reading
- What Is SHAZ Token Explained for Beginners
- SHAZ Price Prediction 2026
- How to Trade SHAZUSDT Perpetual Futures
- SHAZ Investment Analysis 2026
Risk disclaimer
Cryptocurrency investments carry significant risk. This page is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Leveraged trading on perpetual contracts amplifies both potential gains and losses. You should not invest money you cannot afford to lose. Always conduct your own research and consult a qualified financial advisor before making investment decisions. Price data sourced from [Provider] API.
Ready to trade? Trade SHAZUSDT on Bybit.