Q 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 QUSDT | 0.03229 | +0.87% | — | $528.26M | 0.0100% | $12.27M | -3.43% | — | — | Trade |
| bitget perp QUSDT | 0.03226 | — | — | $73.42M | -0.0078% | $2.97M | — | — | — | Trade |
| Bybit perp QUSDT | 0.03236 | +0.84% | — | $86.01M | -0.1131% | $1.68M | -2.09% | — | — | Trade |
| kucoin perp QUSDTM | 0.03226 | — | — | $22.00M | -0.0130% | $854K | — | — | — | Trade |
| gate perp Q_USDT | 0.03226 | — | — | $22.43M | 0.0100% | $716K | — | — | — | Trade |
| mexc perp Q_USDT | 0.03232 | — | — | $1.10M | 0.0100% | $190K | — | — | — | Trade |
Price and OI changes appear once the server has enough history: it records 5-minute snapshots since its last restart (~3h 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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Q 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.
Q volume spikes
See live spikes for all coins →| Time | Venue | Type | Side | $ in 1m | × normal | Buy % | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|---|---|
| 8m ago | BYB perp | FUND | BUY | — | — | — | — | — | — |
| 10m ago | BYB perp | VOL | MIXED | $241K | 5.9× | 47% | -4.48% | — | — |
| 10m ago | BIN perp | VOL | MIXED | $1.36M | 4.4× | 53% | -4.44% | — | — |
| 20m ago | BYB perp | VOL | SELL | $236K | 5.0× | 21% | +5.02% | +10.04% | — |
| 20m ago | BIN perp | VOL | SELL | $1.75M | 5.5× | 29% | +5.13% | +10.25% | — |
| 86m ago | BYB perp | VOL | BUY | $455K | 8.0× | 60% | +1.43% | -4.49% | -6.78% |
| 2h ago | BYB perp | VOL | MIXED | $407K | 7.7× | 43% | +0.47% | +4.16% | -2.31% |
| 2h ago | BIN perp | VOL | MIXED | $3.44M | 7.2× | 51% | +0.27% | +3.98% | -2.59% |
| 2h ago | BYB perp | VOL | MIXED | $1.21M | 22.8× | 45% | -16.64% | -10.73% | -18.81% |
| 2h ago | BIN perp | VOL | MIXED | $8.95M | 19.1× | 42% | -15.99% | -10.29% | -18.24% |
| 2h ago | BYB perp | VOL | SELL | $452K | 8.5× | 38% | -23.64% | -25.80% | -33.31% |
| 2h ago | BIN perp | VOL | SELL | $3.92M | 8.4× | 37% | -23.65% | -25.14% | -32.67% |
| 2h ago | BYB perp | VOL | MIXED | $402K | 8.6× | 46% | +1.86% | -34.27% | -39.75% |
| 2h ago | BIN perp | VOL | MIXED | $2.89M | 6.8× | 52% | +1.63% | -34.62% | -39.78% |
| 2h ago | BYB perp | VOL | BUY | $805K | 18.9× | 74% | -7.82% | -37.65% | -44.11% |
| 2h ago | BIN perp | VOL | BUY | $4.88M | 12.8× | 84% | -8.13% | -38.14% | -44.24% |
| 3h ago | BIN perp | VOL | MIXED | $1.41M | 4.8× | 45% | +3.54% | +3.26% | -37.55% |
| 3h ago | BYB perp | VOL | MIXED | $275K | 7.5× | 54% | -0.13% | +1.36% | +1.49% |
| 3h ago | BIN perp | VOL | MIXED | $1.07M | 4.3× | 58% | +2.29% | +2.30% | +3.75% |
| 3h ago | BYB perp | VOL | BUY | $353K | 7.0× | 71% | +0.69% | +1.61% | +7.69% |
| 3h ago | BIN perp | VOL | BUY | $1.25M | 4.1× | 68% | +0.62% | +1.55% | +7.31% |
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.
Q liquidations: long vs short
All liquidations →| Window | Longs | Shorts | Long / short | Count |
|---|---|---|---|---|
| 1h | $68K | $50K | 137 | |
| 4h | $647K | $533K | 865 | |
| 24h | $647K | $533K | 865 |
Biggest Q liquidations, 24h
- BINLONG$26K@ 0.039832h ago
- BYBLONG$24K@ 0.032322h ago
- BYBLONG$24K@ 0.032222h ago
- BYBSHORT$20K@ 0.055852h ago
- BINLONG$19K@ 0.039982h ago
Latest
- BINSHORT$108@ 0.03239just now
- BINSHORT$58@ 0.03240just now
- BINLONG$44@ 0.03229just now
- BYBLONG$269@ 0.03103just now
- BINSHORT$6@ 0.032452m ago
- BYBLONG$45@ 0.030405m ago
- BINLONG$29@ 0.031575m ago
- BINLONG$5@ 0.031665m ago
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 Q numbers
Q 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 Q 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.
Q open interest
Open interest is the USD value of all open Q 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.
Q 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.
Q long/short ratio
The share of traders long versus short on Q 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 Q long/short ratio page.
Q volume spikes
A spike is a minute where one Q 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.