Key numbers: H1 2022
perpetual futures · UTC1. Open interest
daily average per exchange, USDOpen interest on Bybit went from $731.9M on 1 Jan 2022 to $625.9M on 30 Jun 2022 (-14%), peaking at $985.0M on 31 Mar 2022. Bitcoin ended the period with 62% of it ($387.5M, +4%).
Covers Bybit for the whole period. The chart and the changes use only the exchanges recorded on both 1 Jan 2022 and 30 Jun 2022 (Bybit). Before this site recorded them live, the numbers for Bybit come from the exchanges' own hourly history. Coverage
| Coin | 1 Jan 2022 | 30 Jun 2022 | Change | Peak | Peak day |
|---|---|---|---|---|---|
| BTC | $371.0M | $387.5M | +4.46% | $574.9M | 27 Mar 2022 |
| ETH | $136.9M | $109.5M | -20.00% | $177.0M | 5 Apr 2022 |
| SOL | $21.3M | $20.7M | -2.97% | $34.7M | 31 Mar 2022 |
| XRP | $23.6M | $14.3M | -39.32% | $37.5M | 30 Mar 2022 |
| DOT | $20.4M | $9.8M | -51.85% | $23.8M | 4 Jan 2022 |
| ADA | $14.1M | $9.8M | -30.74% | $20.2M | 18 Jan 2022 |
| BNB | $8.6M | $8.4M | -1.73% | $11.0M | 24 Jun 2022 |
| TRX | — | $7.3M | — | $14.8M | 17 Jun 2022 |
| LTC | $16.8M | $7.2M | -57.15% | $17.0M | 3 Jan 2022 |
| AVAX | $26.4M | $6.5M | -75.55% | $27.6M | 2 Jan 2022 |
| All coins | $731.9M | $625.9M | -14.48% | $985.0M | 31 Mar 2022 |
Exchange share of open interest
| Exchange | 1 Jan 2022 | Share | 30 Jun 2022 | Share | Change |
|---|---|---|---|---|---|
| Bybit | $731.9M | 100.0% | $625.9M | 100.0% | -14.48% |
Download: coins (CSV) · exchanges (CSV)
2. Funding
mean of each day's OI-weighted 8h rateFunding averaged BTC 0.0041% per 8h (about 4.5% APR) and ETH 0.0026% per 8h (about 2.8% APR) over the first half of 2022. BTC funding was negative on 45 of 181 days. The most positive liquid coin was LINK at 6.0% APR; the most negative DOT at -16.4% 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 | 0.0041% | 4.5% | 45 | 181 |
| ETH | 0.0026% | 2.8% | 56 | 181 |
| SOL | -0.0005% | -0.5% | 76 | 181 |
| XRP | 0.0031% | 3.4% | 44 | 181 |
| DOT | -0.0150% | -16.4% | 163 | 181 |
| ADA | -0.0017% | -1.9% | 89 | 181 |
| BNB | -0.0135% | -14.8% | 131 | 181 |
| TRX | -0.0121% | -13.3% | 75 | 181 |
| LTC | 0.0006% | 0.7% | 74 | 181 |
| AVAX | -0.0018% | -2.0% | 74 | 181 |
Download: funding (CSV)
3. Liquidations
UTC days · longs / shortsNo liquidations are recorded for the first half of 2022. This site stores liquidations from 27 Sep 2026.
4. Volume
quote volume, USD · perp and spotNo trading volume is stored for the first half of 2022.
5. Hyperliquid
vs the centralized exchanges · HIP-3Hyperliquid is not recorded for the first half of 2022.
Cite this report
permalinkswolecharts, “Crypto Derivatives Report: H1 2022”, published 1 July 2022, https://swolecharts.com/reports/2022-h1Free to quote and embed with a link back to /reports/2022-h1.
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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