OPN 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 OPNUSDT | 0.05588 | -1.71% | — | $11.21M | 0.0100% | $4.32M | -4.04% | — | — | Trade |
| MEXC perp OPN_USDT | 0.05589 | — | — | $442K | 0.0100% | $1.12M | — | — | — | Trade |
| Bitget perp OPNUSDT | 0.05582 | -1.74% | — | $385K | 0.0100% | $688K | -0.80% | — | — | Trade |
| Bybit perp OPNUSDT | 0.05587 | -1.72% | — | $2.55M | 0.0100% | $462K | -0.62% | — | — | Trade |
| KuCoin perp OPNUSDTM | 0.05596 | — | — | $186K | 0.0100% | $155K | — | — | — | Trade |
| Gate perp OPN_USDT | 0.05591 | — | — | $311K | 0.1020% | $101K | — | — | — | Trade |
| Binance spot OPNUSDT | 0.05580 | -1.76% | — | $3.15M | — | — | — | — | — | Trade |
| Bybit spot OPNUSDT | 0.05587 | -1.45% | — | $1.66M | — | — | — | — | — | Trade |
| Binance spot OPNUSDC | 0.05590 | -1.58% | — | $33K | — | — | — | — | — | Trade |
Price and OI changes appear once the server has enough history: it records 5-minute snapshots since its last restart (~4h 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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OPN long/short ratio
All coins' long/short ratios →Long/short ratios are tracked for the top 100 perpetuals by volume on Binance and Bybit. OPN is not among them right now. See the coins that are tracked →
OPN volume spikes
See live spikes for all coins →| Time | Venue | Type | Side | $ in 1m | × normal | Buy % | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|---|---|
| 26m ago | BIN perp | VOL | SELL | $113K | 14.9× | 36% | +0.90% | -0.14% | — |
| 3h ago | BIN spot | VOL | MIXED | $40K | 5.7× | 45% | +0.87% | -0.17% | -0.70% |
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.
OPN liquidations: long vs short
All liquidations →OPN perps trade only on Hyperliquid, which does not publish a liquidation feed.
About the OPN numbers
OPN 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 OPN 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.
OPN open interest
Open interest is the USD value of all open OPN 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.
OPN 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.
OPN volume spikes
A spike is a minute where one OPN 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.