Key numbers: 2022
perpetual futures · UTC1. Open interest
daily average per exchange, USDOpen interest on Bybit went from $731.9M on 1 Jan 2022 to $1.19B on 31 Dec 2022 (+62%), peaking at $1.41B on 5 Nov 2022. Bitcoin ended the period with 51% of it ($605.3M, +63%). Across the 2 exchanges recorded on 31 Dec 2022, Binance held the largest share, 79% of $5.66B.
Covers Bybit for the whole period; Binance from 21 Nov 2022. The chart and the changes use only the exchanges recorded on both 1 Jan 2022 and 31 Dec 2022 (Bybit). Before this site recorded them live, the numbers for Binance and Bybit come from the exchanges' own hourly history. Coverage
| Coin | 1 Jan 2022 | 31 Dec 2022 | Change | Peak | Peak day |
|---|---|---|---|---|---|
| BTC | $371.0M | $605.3M | +63.18% | $715.5M | 26 Oct 2022 |
| ETH | $136.9M | $348.7M | +154.67% | $428.8M | 29 Oct 2022 |
| BNB | $8.6M | $33.3M | +287.78% | $36.7M | 19 Dec 2022 |
| DOGE | $10.1M | $31.3M | +211.12% | $67.2M | 1 Nov 2022 |
| SOL | $21.3M | $27.1M | +27.36% | $34.7M | 31 Mar 2022 |
| XRP | $23.6M | $26.3M | +11.72% | $52.1M | 9 Oct 2022 |
| LTC | $16.8M | $20.5M | +22.48% | $21.5M | 27 Dec 2022 |
| LINK | $9.0M | $11.7M | +30.02% | $14.2M | 12 Jan 2022 |
| ATOM | $13.9M | $9.4M | -32.42% | $19.4M | 7 Jan 2022 |
| DOT | $20.4M | $8.7M | -57.53% | $23.8M | 4 Jan 2022 |
| All coins | $731.9M | $1.19B | +62.12% | $1.41B | 5 Nov 2022 |
Exchange share of open interest
| Exchange | 1 Jan 2022 | Share | 31 Dec 2022 | Share | Change |
|---|---|---|---|---|---|
| Binance | — | — | $4.47B | 79.0% | — |
| Bybit | $731.9M | 100.0% | $1.19B | 21.0% | +62.12% |
Download: coins (CSV) · exchanges (CSV)
2. Funding
mean of each day's OI-weighted 8h rateFunding averaged BTC 0.0038% per 8h (about 4.2% APR) and ETH 0.0007% per 8h (about 0.8% APR) over 2022. BTC funding was negative on 72 of 365 days. The most positive liquid coin was LINK at 5.9% APR; the most negative SOL at -37.8% APR.
Covers Binance for the whole period. Before this site recorded them live, the rates for Binance are the settled funding from the exchanges' own history. Coverage
| Coin | Average per 8h | Annualized | Negative days | Days |
|---|---|---|---|---|
| BTC | 0.0038% | 4.2% | 72 | 365 |
| ETH | 0.0007% | 0.8% | 122 | 365 |
| BNB | -0.0115% | -12.6% | 252 | 365 |
| DOGE | 0.0031% | 3.4% | 91 | 365 |
| SOL | -0.0345% | -37.8% | 164 | 365 |
| XRP | 0.0000% | 0.0% | 143 | 365 |
| LTC | 0.0026% | 2.9% | 102 | 365 |
| LINK | 0.0054% | 5.9% | 48 | 365 |
| ATOM | -0.0041% | -4.4% | 210 | 365 |
| DOT | -0.0131% | -14.3% | 319 | 365 |
Download: funding (CSV)
3. Liquidations
UTC days · longs / shortsNo liquidations are recorded for 2022. This site stores liquidations from 27 Sep 2026.
4. Volume
quote volume, USD · perp and spotNo trading volume is stored for 2022.
5. Hyperliquid
vs the centralized exchanges · HIP-3Hyperliquid is not recorded for 2022.
Cite this report
permalinkswolecharts, “Crypto Derivatives Report: 2022”, published 1 January 2023, https://swolecharts.com/reports/2022Free to quote and embed with a link back to /reports/2022.
Methodology
- Days are UTC. Open interest is each perpetual market's average for the day, summed per coin and exchange; HIP-3 markets are left out of the crypto totals.
- Funding is each day's open-interest-weighted average of the 8-hour-equivalent rate across exchanges, averaged over the days with data; annualized = rate × 3 × 365.
- Live data is what this site recorded from each exchange's public API. Before that, Binance and Bybit open interest come from the exchanges' published hourly history and Binance and Hyperliquid funding from their settled rates; the live record wins wherever both exist.
- Liquidations come from the exchanges' public liquidation feeds; some feeds are sampled, so totals are a lower bound. Volume is the quote volume of this site's recorded 1-minute bars.
- No third-party aggregator data is used. See coverage for every exchange and data type.
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