Volume Monitor
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NIL live: funding rate, open interest, liquidations & volume spikes

NIL trades on 7 exchanges tracked by Volume Monitor (Binance, Bitget, Bybit, Htx, Hyperliquid, Kucoin and Mexc) across 7 perpetual futures and 2 spot markets. The last price is 0.1045 USDT on Binance (+1.02% in the last hour), and 24h volume is $121.50M ($111.93M perps, $9.57M spot). Perpetual open interest totals $40.96M. The OI-weighted funding rate is 0.0100% per 8h (≈11% APR), so longs pay shorts. $14K of NIL positions were liquidated on Binance and Bybit in the last 2 hours (since tracking began), 75% longs and 25% shorts. The scanner flagged 9 volume spikes on NIL since it started.

Tracking for ~2h Updates every 5 s MarketsLong/shortSpikesLiquidations

PriceBinance perp
0.1045
1h +1.02% 24h —
24h volumespot + perp
$121.50M
Perp $111.93MSpot $9.57M
Open interest7 perps
$40.96M
1h — 24h —
Funding, 8hOI-weighted
0.0100%
≈11% APRlongs pay shorts
Liquidations 24hpartial
$14K
Longs $11KShorts $3,555
Volume spikes 24hpartial
9
Net spike flow-$348K

NIL markets: funding rate & open interest by exchange

Funding as 8h equivalent (hover for APR) · OI changes need history
Market Price 1h 24h 24h volume Funding 8h Open interest OI 1h OI 4h OI 24h Trade
Binance perp NILUSDT 0.1045 +1.02% — $67.75M 0.0100% $11.30M +0.50% — — Trade
Hyperliquid perp NIL 0.1046 +1.08% — $6.59M 0.0100% $10.48M +1.23% — — Trade
mexc perp NIL_USDT 0.1043 — — $3.76M 0.0100% $9.68M — — — Trade
Bybit perp NILUSDT 0.1044 +1.03% — $22.87M 0.0101% $5.01M -0.01% — — Trade
bitget perp NILUSDT 0.1042 — — $8.59M 0.0100% $3.14M — — — Trade
kucoin perp NILUSDTM 0.1040 — — $2.01M 0.0100% $1.33M — — — Trade
htx perp NIL-USDT 0.1041 — — $361K 0.0100% $23K — — — Trade
Binance spot NILUSDT 0.1045 +0.97% — $9.20M — — — — — Trade
Binance spot NILUSDC 0.1035 +0.41% — $373K — — — — — Trade

Price and OI changes appear once the server has enough history: it records 5-minute snapshots since its last restart (~2h ago), so 1h values fill in after an hour and 24h values after a day. Trade links go to the exchange and may be referral links.

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NIL long/short ratio

All coins' long/short ratios →
Binance accounts
39.2% longRatio 0.65
Short 60.8%1h -0.44h -0.924h -3.5
Binance top traders
67.7% longRatio 2.09
Short 32.3%1h +0.14h +1.124h -0.2
Bybit accounts
54.2% longRatio 1.18
Short 45.8%1h +0.84h +1.624h +5.4
Binance accountsBinance top tradersBybit accounts50% = even

Share of longs; changes in percentage points (pp). Accounts = share of accounts with a net long position; top traders = share of the combined position of Binance's top 20% of traders by margin that is long. New points every 5 minutes; 24h history backfilled from the exchanges.

Spikes on record9
Buy-side2
Sell-side7
Time Venue Type Side $ in 1m × normal Buy % +5m +15m +1h
68m ago BYB perp VOL BUY $279K 39.0× 91% -0.49%-0.19%+0.76%
74m ago BYB perp VOL BUY $203K 30.7× 85% -0.86%-0.48%+0.58%
86m ago HL perp VOL SELL $190K 166.2× 12% +0.48%-0.02%+0.84%
86m ago BYB perp VOL SELL $81K 14.6× 23% +0.44%-0.14%+0.57%
86m ago BIN perp VOL SELL $271K 9.7× 27% +0.36%-0.16%+0.49%
86m ago BIN spot VOL SELL $63K 13.2× 28% +0.38%-0.17%+0.49%
2h ago BYB perp VOL SELL $199K 37.8× 27% +0.26%-0.44%-1.18%
2h ago BIN perp VOL SELL $544K 20.5× 28% +0.21%-0.38%-1.22%
2h ago BIN spot VOL SELL $88K 19.7× 24% +0.18%-0.33%-1.17%

Newest first, up to 100. +5m / +15m / +1h show the price change after each spike and fill in as time passes. They describe the past, not a prediction.

NIL liquidations: long vs short

All liquidations →
WindowLongsShortsLong / shortCount
1h $131 $6
3
4h $11K $3,555
17
24h $11K $3,555
17
Longs liquidatedShorts liquidated

Biggest NIL liquidations, 24h

  1. BINLONG$4,643@ 0.103287m ago
  2. BINSHORT$2,068@ 0.104777m ago
  3. BINLONG$1,827@ 0.10412h ago
  4. BINLONG$1,409@ 0.103587m ago
  5. BINLONG$837@ 0.10632h ago

Latest

  1. No NIL liquidations since tracking began.

From Binance USDⓈ-M and Bybit linear perps. Binance reports at most one liquidation per symbol per second, so totals are a lower bound. A long liquidation is a forced sell; a short liquidation is a forced buy.

About the NIL numbers

NIL funding rate

Perpetual futures have no expiry, so exchanges keep their price close to spot with periodic funding payments between longs and shorts. A positive NIL funding rate means longs pay shorts (more demand for leveraged longs); negative means shorts pay longs. Rates here are converted to an 8-hour equivalent so exchanges with 1h, 4h and 8h intervals compare directly, and the headline figure is weighted by each exchange's open interest.

NIL open interest

Open interest is the USD value of all open NIL perpetual positions. Rising OI alongside a price move means new positions are opening; falling OI means positions are closing (including liquidations). OI changes are measured from 5-minute snapshots.

NIL liquidations

A liquidation is a leveraged position the exchange closed by force. Long liquidations are forced sells that hit when price drops; short liquidations are forced buys when price rises. The long/short split shows which side was caught.

NIL long/short ratio

The share of traders long versus short on NIL perpetuals. Accounts figures count each account once (the share with a net long position on Binance, or holding a long on Bybit); the Binance top traders figure is the share of the combined position of the top 20% of Binance traders by margin that is long. A ratio above 1 means more longs than shorts. Retail account ratios lean long most of the time, so changes and divergences say more than the level. See the NIL long/short ratio page.

NIL volume spikes

A spike is a minute where one NIL market traded at least 4× its normal minute volume, with a size floor. Buy % is the share of taker buys. The +5m / +15m / +1h columns show what price did afterwards. They are history, not a signal. Not financial advice.