OP 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 OPUSDT | 0.1429 | — | — | $41.04M | -0.0021% | $20.90M | — | — | — | Trade |
| Bybit perp OPUSDT | 0.1429 | — | — | $14.58M | 0.0089% | $11.28M | — | — | — | Trade |
| Hyperliquid perp OP | 0.1430 | — | — | $1.43M | 0.0100% | $3.65M | — | — | — | Trade |
| Binance spot OPUSDT | 0.1431 | — | — | $5.59M | — | — | — | — | — | Trade |
| Bybit spot OPUSDT | 0.1431 | — | — | $2.03M | — | — | — | — | — | Trade |
| Binance spot OPUSDC | 0.1431 | — | — | $808K | — | — | — | — | — | Trade |
| Bybit spot OPUSDC | 0.1427 | — | — | $240K | — | — | — | — | — | Trade |
Price and OI changes appear once the server has enough history: it records 5-minute snapshots since its last restart (33 min 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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OP long/short ratio
All coins' long/short ratios →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.
OP volume spikes
See live spikes for all coins →| Time | Venue | Type | Side | $ in 1m | × normal | Buy % | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|---|---|
| 29m ago | BYB perp | VOL | BUY | $258K | 25.0× | 88% | +0.17% | +0.41% | — |
| 32m ago | BYB perp | VOL | MIXED | $92K | 9.2× | — | +0.18% | +0.93% | — |
| 32m ago | BYB spot | VOL | MIXED | $102K | 93.9× | — | +0.32% | +1.01% | — |
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.
OP liquidations: long vs short
All liquidations →| Window | Longs | Shorts | Long / short | Count |
|---|---|---|---|---|
| 1h | $0 | $17 | 1 | |
| 4h | $0 | $17 | 1 | |
| 24h | $0 | $17 | 1 |
Biggest OP liquidations, 24h
- BINSHORT$17@ 0.143022m ago
Latest
- No OP 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 OP numbers
OP 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 OP 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.
OP open interest
Open interest is the USD value of all open OP 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.
OP 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.
OP long/short ratio
The share of traders long versus short on OP 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 OP long/short ratio page.
OP volume spikes
A spike is a minute where one OP 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.