Live 20+ Year Treasury Bond ETF (Derivatives) (TLT) Perpetual Futures Price

20+ Year Treasury Bond ETF (Derivatives) (TLT) perpetual futures (perps) trade 24/7 on Phoenix, a fully on-chain order book exchange on Solana. As of October 26, 2026, TLT trades at $81.68 with $1,845 in open interest. Fees are 0.035% taker and 0.005% maker, and you can use USDC or SOL as collateral.

Mark price$81.68+0.34%
Oracle price
$81.71
24h high
$81.87
24h low
$81.31
24h volume
$4,900
Open interest
$1,845
1h funding
-0.0045%

TLT mark price, last 24 hours

17:45 UTC17:30 UTC

TLT contract specifications

Contract type
Perpetual futures, no expiry
Margin and settlement
USDC
Maximum leverage
20x
Margin mode
Cross or isolated
Taker fee
0.035%
Maker fee
0.005%
Trading hours
24/7
Closed-market price bound
5%

TLT trades 24/7 on Phoenix. When the underlying market is closed, Phoenix prices TLT from its own order book using Impact Pricing, within 5% of the last external price. Parameters are set per market and can change. See all market parameters

TLT funding rate

1 hour
-0.0045%
8 hours
-0.0360%
Annualized
-39.47%

The rate is negative: traders holding short TLT positions pay traders holding long positions. Funding settles every hour. The 8-hour and annualized figures extend the current hourly rate and are not forecasts.

About 20+ Year Treasury Bond ETF (Derivatives)

TLT provides exposure to US Treasury bonds with more than 20 years to maturity, the most interest-rate-sensitive part of the US government bond market.

Open interest is the notional value of TLT positions still open on Phoenix. 24h volume is the notional value traded over the last 24 hours.

TLT perpetuals questions

What is the TLT perpetual price right now?

The 20+ Year Treasury Bond ETF (Derivatives) perpetual price on Phoenix is $81.68, a change of +0.34% over the last 24 hours. It's the mark price of the TLT perpetual, which can differ slightly from 20+ Year Treasury Bond ETF (Derivatives) prices quoted elsewhere.

Can I trade TLT perpetuals on Solana?

Yes. TLT perpetuals trade on Phoenix, a fully on-chain perpetuals exchange on Solana. Connect a Solana wallet or sign in with email, deposit USDC or SOL, and trade TLT 24/7.

What is the TLT funding rate right now?

The TLT funding rate on Phoenix is -0.0045% per hour, or -39.47% annualized. A positive rate means longs pay shorts, and a negative rate means shorts pay longs. Funding settles every hour.

What is TLT open interest on Phoenix?

TLT open interest on Phoenix is $1,845, with $4,900 traded over the last 24 hours.

What are the fees to trade TLT perpetuals?

Trading TLT perpetuals (perps) on Phoenix costs 0.035% for taker orders and 0.005% for maker orders, based on matched notional.

Can I use SOL as collateral to trade TLT?

Yes. Phoenix accepts USDC and native SOL as collateral, and SOL counts toward margin at up to 80% of its value, so you can trade TLT without selling your SOL. Profit and loss settle in USDC.

Can I trade TLT when its market is closed?

Yes. TLT trades 24/7 on Phoenix. When the underlying market is closed, Phoenix prices TLT from its own order book, within 5% of the last external price.

Do I own 20+ Year Treasury Bond ETF (Derivatives) shares when I trade TLT perpetuals?

No. TLT perpetuals give you exposure to the share price without owning shares. Profit and loss settle in USDC.

Do TLT perpetuals expire?

No. TLT perpetuals have no expiry date. A position stays open until you close it or it is liquidated, unless the market itself is settled or delisted under its listing terms.

How does Phoenix decide TLT liquidations?

Phoenix uses the mark price, not the last trade, to check account health and trigger TLT liquidations. The mark price is the median of an adjusted oracle price, the Phoenix order book price and the oracle price plus a smoothed average of the order book's gap to it, which reduces the risk of liquidations caused by a brief price spike.

Where can I see TLT order book depth and price history?

The TLT trade screen on Phoenix shows the live order book, recent trades and an interactive chart. Developers can stream the same data through the Phoenix API, the Rise SDK and the Vulcan CLI.

Other stock and ETF markets on Phoenix

See all 99 markets