W 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 W_USDT | 0.01534 | — | — | $3.36M | 0.0100% | $7.79M | — | — | — | Trade |
| Binance perp WUSDT | 0.01535 | +4.77% | — | $62.70M | 0.0100% | $7.42M | +5.50% | — | — | Trade |
| Hyperliquid perp W | 0.01542 | +4.83% | — | $6.72M | 0.0100% | $5.90M | +6.22% | — | — | Trade |
| Bybit perp WUSDT | 0.01535 | +4.74% | — | $15.97M | 0.0100% | $2.91M | +6.99% | — | — | Trade |
| bitget perp WUSDT | 0.01532 | — | — | $4.71M | 0.0100% | $1.67M | — | — | — | Trade |
| kucoin perp WUSDTM | 0.01533 | — | — | $910K | 0.0100% | $751K | — | — | — | Trade |
| gate perp W_USDT | 0.01539 | — | — | $2.44M | 0.0100% | $363K | — | — | — | Trade |
| Binance spot WUSDT | 0.01537 | +4.62% | — | $13.80M | — | — | — | — | — | Trade |
| Bybit spot WUSDT | 0.01537 | +4.85% | — | $3.78M | — | — | — | — | — | Trade |
| Binance spot WUSDC | 0.01535 | +4.55% | — | $940K | — | — | — | — | — | 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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W 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.
W volume spikes
See live spikes for all coins →| Time | Venue | Type | Side | $ in 1m | × normal | Buy % | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|---|---|
| 6m ago | BYB perp | VOL | SELL | $80K | 5.0× | 17% | -0.01% | — | — |
| 20m ago | HL perp | VOL | BUY | $81K | 71.3× | 91% | +1.06% | +2.57% | — |
| 26m ago | BYB perp | VOL | MIXED | $82K | 7.5× | 50% | -0.39% | -0.03% | — |
| 26m ago | BIN perp | VOL | MIXED | $303K | 5.0× | 42% | -0.42% | -0.07% | — |
| 33m ago | BIN spot | VOL | MIXED | $37K | 5.0× | 49% | +0.65% | -1.62% | — |
| 44m ago | BIN perp | VOL | BUY | $214K | 7.0× | 61% | -0.39% | +1.56% | — |
| 50m ago | BIN perp | VOL | BUY | $238K | 8.7× | 69% | +0.03% | +1.60% | — |
| 50m ago | BIN spot | VOL | BUY | $31K | 7.1× | 76% | +0.07% | +1.46% | — |
| 59m ago | BIN spot | VOL | BUY | $37K | 9.4× | 83% | +0.81% | +2.55% | — |
| 60m ago | BIN perp | VOL | MIXED | $146K | 6.2× | 56% | +0.75% | +1.55% | +3.61% |
| 76m ago | HL perp | VOL | BUY | $106K | 95.1× | 99% | -0.41% | +0.54% | +4.28% |
| 76m ago | BIN perp | VOL | BUY | $118K | 5.1× | 66% | -0.27% | +0.76% | +4.55% |
| 2h ago | BIN spot | VOL | SELL | $45K | 4.6× | 24% | -0.48% | -1.10% | -0.41% |
| 2h ago | BIN perp | VOL | SELL | $755K | 10.5× | 12% | -0.47% | -1.24% | -0.53% |
| 3h ago | BIN perp | VOL | MIXED | $210K | 5.8× | 58% | -1.08% | -1.72% | -4.49% |
| 3h ago | BIN spot | VOL | MIXED | $71K | 8.5× | 59% | +1.17% | +1.71% | -1.64% |
| 3h ago | BYB perp | VOL | BUY | $106K | 11.3× | 72% | +1.39% | +1.94% | -1.62% |
| 3h ago | BIN perp | VOL | BUY | $489K | 14.0× | 64% | +1.37% | +1.93% | -1.57% |
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.
W liquidations: long vs short
All liquidations →| Window | Longs | Shorts | Long / short | Count |
|---|---|---|---|---|
| 1h | $11K | $14K | 56 | |
| 4h | $28K | $23K | 100 | |
| 24h | $28K | $23K | 100 |
Biggest W liquidations, 24h
- BINLONG$4,956@ 0.014552h ago
- BYBLONG$4,486@ 0.0150513m ago
- BINSHORT$3,611@ 0.014993h ago
- BINSHORT$2,223@ 0.0153135m ago
- BINSHORT$2,161@ 0.0151845m ago
Latest
- BINSHORT$306@ 0.01534just now
- BINSHORT$112@ 0.01534just now
- BYBLONG$1,269@ 0.015225m ago
- BINSHORT$14@ 0.015506m ago
- BINSHORT$750@ 0.0152110m ago
- BINLONG$514@ 0.0151611m ago
- BYBLONG$4,486@ 0.0150513m ago
- BYBLONG$939@ 0.0150713m 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 W numbers
W 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 W 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.
W open interest
Open interest is the USD value of all open W 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.
W 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.
W long/short ratio
The share of traders long versus short on W 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 W long/short ratio page.
W volume spikes
A spike is a minute where one W 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.