PAPER open interest live: chart and OI by exchange
Open interest in PAPER perpetual futures totals $2.53M across 1 market. OI changed +12.22% in the last hour, +1844.13% over 4 hours. Over the same hour the price moved +0.59%: new positions opened while price rose, which is typical of fresh longs leading.
PAPER open interest by exchange
USD · changes from 5-minute snapshots| Market | Open interest | Share | OI 1h | OI 4h | OI 24h | Price 1h | Price 24h | Funding 8h | 24h volume | Trade |
|---|---|---|---|---|---|---|---|---|---|---|
| Hyperliquid para:PAPER | $2.53M | 100.0% | +12.22% | +1844.13% | — | +0.59% | — | 0.0161% | $8.85M | Trade |
Trade links go to the exchange and may be referral links. Compare every coin on the open interest page.
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PAPER open interest history
From recorded history, hourlyPAPER open interest is $2.53M, up 4260.2% since 12:00 UTC on 18 Oct.
PAPER open interest
All perps, USDLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
About the PAPER open interest
What is PAPER open interest?
Open interest (OI) is the total value of all open PAPER perpetual futures positions, in USD. Every open contract has a long and a short side, so OI counts one side only. It rises when new positions open and falls when positions close or are liquidated.
How to read OI with price
OI up, price up: new positions opening as price rises, usually fresh longs. OI up, price down: fresh shorts. OI down, price up: shorts closing (a short squeeze if fast). OI down, price down: longs exiting or being liquidated. Large OI changes in a few hours show where leverage is building or unwinding in PAPER.
Where the numbers come from
PAPER OI comes from the public APIs of Hyperliquid and is converted to USD at the mark price, so part of an OI change can come from the price move itself. Changes compare the current value with 5-minute snapshots the server has recorded since it last started.
Is this aggregated PAPER open interest?
Yes. The headline figure and the PAPER open interest chart sum eligible tracked PAPER perpetuals; the current total includes Hyperliquid ($2.53M now). Current coverage: 1 exchange · see coverage. Excluded venues remain visible per market but contribute neither to the combined total nor to row shares. Markets with missing or stale OI also have no share; historical coverage can vary, with history since 18 Oct. The same series is free as JSON from /api/series/oi.
Where can I compare open interest across coins?
The crypto open interest table ranks every perpetual by OI with 1h, 4h and 24h changes, the OI change screener finds the biggest moves, and Hyperliquid open interest covers the on-chain exchange on its own.