Mahex
VI|EN
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Open Interest & Funding

Perpetuals across 21 crypto exchanges — CME excluded

Total OI
$91,0B
24h (USD)
24h position change
price held constant — measures positions opened/closed only
Coins tracked
1.789
OI z-score
-0,18
needs a few hours of history on a fresh box

Market state by coin

State machine from price × OI (1h window): OI up while price up = longs piling in; OI up while price down = shorts piling in…

BTCNO SIGNAL

Not enough signal — price and OI both flat

confidence: none (0%)zΔgiá -0,09zΔOI -0,12
ETHNO SIGNAL

Not enough signal — price and OI both flat

confidence: none (0%)zΔgiá -0,05zΔOI -0,12
SOLLONG LIQUIDATION

Longs exiting or being liquidated

confidence: weak (8%)zΔgiá -0,53zΔOI -0,15

Per-coin detail — BTC

Charts and the exchange table below follow the selected coin

BTC OI — 24h
$38,1B$38,4B$38,7B$38,9B08:1007:05
BTC funding APR — 7 days
-0,3%+2,3%+4,9%+7,5%6/8 15:009/8 06:00
BTC OI by exchange
ExchangeOI (USD)SharePos 1hPos 24hUSD 24h
binance$8,1B21,3% -0,05%
mexc$5,5B14,5% -0,65%
gate$4,3B11,4% -0,52%
bybit$3,9B10,3% -0,15%
okx$2,5B6,5% -0,42%
bitget$2,4B6,4% +0,16%
hyperliquid$2,2B5,9% +0,02%
htx$2,1B5,5% -0,01%
whitebit$1,7B4,4% -0,16%
kucoin$1,4B3,7% +0,05%
binance_cm$1,1B2,8% -0,07%
deribit$738,0M1,9% -0,25%

Fastest OI growth — 1h

Real positions (price held constant), OI ≥ $5M filter · 536 coins qualify

CoinOIPriceExchangesPos 1h
MUBARAK$14,4M$0,029 +5,94%
MUSTOCK$7,5M$884,241 +3,50%
KERNEL$6,3M$0,049 +2,38%
THE$6,4M$0,068 +2,36%
SPX$21,8M$0,3316 +2,21%
COHR$5,2M$386,39 +2,05%
FET$65,5M$0,1414 +1,95%
ON$29,0M$0,328 +1,75%

Fastest OI decline — 1h

Mass position closing is as notable as opening

CoinOIPriceExchangesPos 1h
PUMPFUN$43,7M$02 -13,01%
GOOGLX$10,3M$357,653 -6,12%
SKYAI$58,5M$0,128 -6,00%
COOKIE$7,9M$0,019 -5,93%
BLUAI$29,5M$0,027 -3,96%
TUT$313,2M$0,238 -3,71%
GOOGLSTOCK$5,1M$357,891 -2,02%
SNXX$14,3M$9,268 -1,90%

Highest funding — longs paying

OI-weighted APR. Tiny coins showing 1000s of % come from 1h cycles annualized — check the OI column first

CoinAgg APROIHighest onLowest on
TUT+650,5%$313,2Mgate +1.328,9%bingx +10,5%
龙虾+322,7%$37,2Mgate +399,2%htx +5,5%
CASHCAT+201,5%$23,0Mmexc +271,3%cryptocom -774,8%
BLUAI+166,0%$29,5Mbingx +187,2%aster +51,8%
4+163,2%$12,3Mbybit +238,3%bitget +11,0%
GUA+154,6%$9,4Mkucoin +191,6%gate +11,0%
BTW+139,3%$89,6Master +205,5%htx +5,6%
ZEST+128,9%$16,1Mbinance +178,7%kucoin +11,0%

Deepest negative funding — shorts paying

The crowd is short this coin

CoinAgg APROIHighest onLowest on
KAITO-1.955,8%$109,6Mcoinbase -95,5%cryptocom -3.217,3%
COTI-867,7%$21,8Mcryptocom -738,4%kraken -1.187,4%
ZBT-632,3%$34,8Mwhitebit -214,7%kraken -882,6%
RIF-487,5%$8,7Mbingx -373,4%aster -603,1%
CYS-455,2%$52,4Mbybit -277,8%bingx -543,6%
DEXE-376,6%$27,7Mwhitebit +11,0%kraken -547,7%
BSV-221,6%$8,9Mbitget +11,0%bybit -634,7%
KMNO-140,8%$7,4Mcoinbase +405,6%coinex -250,8%

Funding spread across exchanges

Raw screening table: fees and basis risk not included — not a recommendation

CoinOIAgg APRLong on (low APR)Short on (high APR)APR spread
XPD$13,7M+3,1%bitget 0,0% · 4hbitfinex +4.527,9% · 8h+4.527,9%
GBP$9,0M-4,8%mexc -5,3% · 4hbitfinex +3.275,5% · 8h+3.280,8%
KAITO$109,6M-1.955,8%cryptocom -3.217,3% · 1hcoinbase -95,5% · 1h+3.121,8%
AR$14,6M+11,2%bybit -0,3% · 8hcoinbase +1.906,2% · 1h+1.906,5%
CTSI$5,7M-61,2%cryptocom -1.395,0% · 1hkraken +118,4% · 1h+1.513,4%
TRIA$18,8M+31,0%coinbase -1.300,9% · 1hkucoin +111,0% · 4h+1.411,9%
MET$12,0M+1,1%coinbase -1.366,6% · 1hbinance +11,0% · 4h+1.377,5%
TUT$313,2M+650,5%bingx +10,5% · 4hgate +1.328,9% · 4h+1.318,4%
ERA$12,6M-68,3%coinbase -1.285,1% · 1haster -28,5% · 1h+1.256,6%
TNSR$10,7M+7,2%coinbase -1.153,7% · 1hbybit +11,0% · 4h+1.164,6%