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T live: funding rate, open interest, liquidations & volume spikes

T trades on 6 exchanges tracked by Volume Monitor (Binance, Bitget, Bybit, Gate, KuCoin and MEXC) across 6 perpetual futures and 1 spot market. The last price is 0.005825 USDT on MEXC, and 24h volume is $15.68M ($14.19M perps, $1.49M spot). Perpetual open interest totals $9.29M. The OI-weighted funding rate is -0.0512% per 8h (≈-56% APR), so shorts pay longs. $462 of T positions were liquidated on Binance, Bybit, Bitget, Gate and HTX in the last 5 hours (since tracking began), 92% longs and 8% shorts. No T volume spikes were flagged since the server started.

Tracking for ~5h Updates every 5 s HistoryMarketsLong/shortSpikesLiquidations

PriceMexc perp
0.005825
1h — 24h —
24h volumespot + perp
$15.68M
Perp $14.19MSpot $1.49M
Open interest6 perps
$9.29M
1h — 24h —
Funding, 8hOI-weighted
-0.0512%
≈-56% APRshorts pay longs
Liquidations 24hpartial
$462
Longs $425Shorts $38
Volume spikes 24hpartial
0
Net spike flow$0

T open interest, funding and liquidations history

From recorded history, hourly

T open interest is up 30.6% since 13:15 UTC on 27 Sep, from $3.31M to $4.32M. T funding has averaged -0.0523% per 8 hours since 13:15 UTC on 27 Sep (≈-57% APR), positive in 0% of hourly readings, so shorts mostly paid longs. $463 of T positions were liquidated since 13:15 UTC on 27 Sep: $425 longs (91.8%) and $38 shorts. The biggest hour was 15:00 UTC on 27 Sep, with $425.

T price

Chart: TradingView Lightweight Charts™

T open interest

All perps, USD

Chart: TradingView Lightweight Charts™

T funding rate

OI-weighted, 8h

Chart: TradingView Lightweight Charts™

T liquidations

Longs up, shorts down

Chart: TradingView Lightweight Charts™

T CVD and taker flow

Spot vs perp, from range start · bars: net taker buys

Chart: TradingView Lightweight Charts™

T 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
MEXC perp T_USDT 0.005825 — — $228K -0.0600% $3.54M — — — Trade
Binance perp TUSDT 0.005826 +0.60% — $10.98M -0.0624% $2.61M +0.75% +0.69% — Trade
KuCoin perp TUSDTM 0.005830 — — $162K -0.0110% $1.41M — — — Trade
Bitget perp TUSDT 0.005824 +0.54% — $913K 0.0100% $887K +0.53% — — Trade
Bybit perp TUSDT 0.005827 +0.59% — $1.70M -0.1236% $737K +1.88% +2.57% — Trade
Gate perp T_USDT 0.005833 +0.83% — $213K -0.0226% $108K +1.35% — — Trade
Binance spot TUSDT 0.005850 +0.69% — $1.49M — — — — — Trade

Price and OI changes appear once the server has enough history: it records 5-minute snapshots since its last restart (~5h 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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Long/short ratios are tracked for the top 100 perpetuals by volume on Binance and Bybit. T is not among them right now. See the coins that are tracked →

Spikes on record0

No T volume spikes since the server started ~5h ago. A spike is a minute with at least 4× normal volume; new ones appear here live.

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.

T liquidations: long vs short

All liquidations →

T perps trade only on Hyperliquid, which does not publish a liquidation feed.

About the T numbers

T 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 T 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.

T open interest

Open interest is the USD value of all open T 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.

T 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.

T volume spikes

A spike is a minute where one T 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.