Open Interest & Funding

Perpetuals across 22 crypto exchanges · 2.223 coins tracked — CME excluded

Total OI

$117,2B

-3,68%24h (USD)

24h position change

-2,45%

price held constant — measures positions opened/closed only

Market breadth (1h)

Flat 23%

Long buildup 22% · top 120 coins by OI

OI z-score

0,15

current OI versus the last 7 days' distribution

Market state by coin

The classic 4-quadrant price × OI framework: price up + OI up = long buildup (new money long); price down + OI up = short buildup (genuine selling); price up + OI down = short covering (weak bounce); price down + OI down = long unwind. One bubble per coin, area scaled by OI; the bar below counts coins per quadrant — market breadth. The BTC/ETH/SOL tiles add z-scores to gauge signal confidence.

Crypto only All assets

1h 4h 24h

Long buildupShort buildupLong unwindShort coveringΔ price: −2.4% … +2.4%Δ OI: ±1.3%BTCETHSOLHYPEZECXRP

Long buildup26 · $33,7BShort buildup25 · $5,1BLong unwind16 · $1,9BShort covering26 · $9,5BFlat27 · $53,7Btop 120 coins by OI

BTCLong buildup

New longs opening — trend has fuel

confidence: weak (9%)zΔgiá 0,65zΔOI 0,18

ETHLong buildup

New longs opening — trend has fuel

confidence: weak (10%)zΔgiá 0,93zΔOI 0,20

SOLShort covering

Shorts closing — weak bounce

confidence: moderate (30%)zΔgiá 0,68zΔOI -0,61

Per-coin detail — BTC

Charts and the exchange table below follow the selected coin

BTC ETH SOL

BTC OI — 24h

$41,3B$41,8B$42,3B$42,8B06:4508:5511:0513:1615:2617:3719:4721:5800:0802:1904:2906:40

BTC funding APR — 7 days

-2,2%+1,4%+5,1%+8,7%2/10 07:002/10 22:053/10 13:104/10 04:164/10 19:215/10 10:276/10 01:326/10 16:387/10 07:437/10 22:498/10 13:549/10 05:00

BTC OI by exchange

Exchange	OI (USD)	Share	Pos 1h	Pos 24h	USD 24h
binance	$9,4B	22,6%	-0,04%	-2,68%	-2,84%
bybit	$5,0B	11,9%	-0,03%	+0,51%	+0,32%
gate	$4,3B	10,3%	-0,35%	-6,18%	-6,35%
mexc	$4,1B	9,8%	+0,75%	-7,17%	-7,35%
hyperliquid	$3,2B	7,8%	+0,51%	-1,42%	-1,60%
okx	$3,0B	7,3%	-0,21%	-4,02%	-4,21%
bitget	$2,9B	7,0%	+0,09%	-4,01%	-4,24%
htx	$1,9B	4,5%	-0,03%	-1,54%	-1,71%
whitebit	$1,5B	3,7%	-0,06%	-3,94%	-4,06%
binance_cm	$1,3B	3,1%	-0,61%	-1,35%	-1,53%
deribit	$969,0M	2,3%	-0,42%	-0,90%	-1,10%
kucoin	$927,8M	2,2%	+0,23%	+3,73%	+3,55%

Market positioning — BTC

Where the Binance crowd and top traders lean, how stretched leverage is versus exchange collateral (ELR), and the Korean premium (kimchi). A one-sided crowd is a classic contrarian signal; top traders leaning against the crowd is the moment to watch. Click a tile for full history.

Crowd Top (acct)Top (pos)Taker

25%50%75%9/9 07:0015/921/926/99/10 04:00

LongShort

Long/Short đám đông

1.88

-0,6% · z-score -0,0

Long/Short top trader (TK)

1.94

-4,0% · z-score -0,2

Long/Short top trader (vị thế)

Estimated Leverage Ratio

Fastest OI growth — 1h

Real positions (price held constant), OI ≥ $5M filter · 486 coins qualify

Coin	OI	Price	Exchanges	Pos 1h
FLOKI	$26,7M	$0,00006303	13	+9,89%
CTSI	$9,1M	$0,03578	8	+9,72%
BAT	$18,2M	$0,1137	11	+8,56%
RLC	$64,6M	$1,43	6	+6,31%
SKL	$9,8M	$0,005137	10	+4,37%
US	$55,7M	$0,02123	8	+3,53%
CVC	$6,5M	$0,02583	8	+2,94%
Q	$19,4M	$0,02851	8	+2,93%

Fastest OI decline — 1h

Mass position closing is as notable as opening

Coin	OI	Price	Exchanges	Pos 1h
IREN	$10,5M	$36,93	9	-10,89%
OGN	$42,8M	$0,04206	9	-5,90%
CXMT	$9,4M	$7,67	8	-4,95%
LONGXIA	$17,0M	$0,04791	4	-2,93%
NIGHT	$34,0M	$0,04538	14	-2,84%
AIN	$23,2M	$0,04502	6	-1,79%
LPT	$11,8M	$1,75	13	-1,73%
TURBO	$11,8M	$0,0009559	14	-1,43%

Funding

Funding rates normalized to APR across every exchange — the leverage magnet and arbitrage edge

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Market state by coin

Exchange

OI (USD)

Pos 1h

Pos 24h

USD 24h

binance

$9,4B

22,6%

-0,04%

-2,68%

-2,84%

bybit

$5,0B

11,9%

-0,03%

+0,51%

+0,32%

gate

$4,3B

10,3%

-0,35%

-6,18%

-6,35%

mexc

$4,1B

9,8%

+0,75%

-7,17%

-7,35%

hyperliquid

$3,2B

7,8%

+0,51%

-1,42%

-1,60%

okx

$3,0B

7,3%

-0,21%

-4,02%

-4,21%

bitget

$2,9B

7,0%

+0,09%

-4,01%

-4,24%

htx

$1,9B

4,5%

-0,03%

-1,54%

-1,71%

whitebit

$1,5B

3,7%

-0,06%

-3,94%

-4,06%

binance_cm

$1,3B

3,1%

-0,61%

-1,35%

-1,53%

deribit

$969,0M

2,3%

-0,42%

-0,90%

-1,10%

kucoin

$927,8M

2,2%

+0,23%

+3,73%

+3,55%

Coin

Price

Exchanges

Pos 1h

FLOKI

$26,7M

$0,00006303

+9,89%

CTSI

$9,1M

$0,03578

+9,72%

BAT

$18,2M

$0,1137

+8,56%

RLC

$64,6M

$1,43

+6,31%

SKL

$9,8M

$0,005137

+4,37%

$55,7M

$0,02123

+3,53%

CVC

$6,5M

$0,02583

+2,94%

$19,4M

$0,02851

+2,93%

Coin

Price

Exchanges

Pos 1h

IREN

$10,5M

$36,93

-10,89%

OGN

$42,8M

$0,04206

-5,90%

CXMT

$9,4M

$7,67

-4,95%

LONGXIA

$17,0M

$0,04791

-2,93%

NIGHT

$34,0M

$0,04538

-2,84%

AIN

$23,2M

$0,04502

-1,79%

LPT

$11,8M

$1,75

-1,73%

TURBO

$11,8M

$0,0009559

-1,43%