RDW 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Bybit RDWUSDT | $308K | 96.3% | -0.09% | -2.01% | -4.24% | -0.04% | -1.74% | 0.0026% | $917K | Trade |
| HTX RDW-USDT | $12K | 3.7% | -0.27% | -0.99% | -1.52% | -0.23% | -1.59% | 0.0100% | $53K | Trade |
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RDW open interest history
From recorded history, hourlyRDW open interest is $320K, down 5.4% over the past 3 days, and down 4.2% in the last 24 hours.
RDW open interest
All perps, USDNot recorded Chart: TradingView Lightweight Charts™
About the RDW open interest
What is RDW open interest?
Open interest (OI) is the total value of all open RDW 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 RDW.
Where the numbers come from
RDW OI comes from the public APIs of Bybit and HTX 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.