NIL 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Binance perp NILUSDT | 0.1034 | -0.24% | — | $65.64M | 0.0100% | $11.25M | +0.03% | — | — | Trade |
| Hyperliquid perp NIL | 0.1036 | -0.25% | — | $6.51M | 0.0100% | $10.39M | -0.32% | — | — | Trade |
| MEXC perp NIL_USDT | 0.1037 | — | — | $3.74M | 0.0100% | $9.75M | — | — | — | Trade |
| Bybit perp NILUSDT | 0.1036 | -0.33% | — | $22.25M | 0.0101% | $4.92M | -0.82% | — | — | Trade |
| Bitget perp NILUSDT | 0.1036 | -0.28% | — | $8.45M | 0.0100% | $3.14M | +0.86% | — | — | Trade |
| KuCoin perp NILUSDTM | 0.1035 | — | — | $2.01M | 0.0100% | $930K | — | — | — | Trade |
| Gate perp NIL_USDT | 0.1034 | — | — | $3.09M | 0.0100% | $544K | — | — | — | Trade |
| HTX perp NIL-USDT | 0.1034 | -0.47% | — | $362K | 0.0100% | $23K | +1.42% | — | — | Trade |
| Binance spot NILUSDT | 0.1034 | -0.27% | — | $9.10M | — | — | — | — | — | Trade |
| Binance spot NILUSDC | 0.1033 | -0.49% | — | $363K | — | — | — | — | — | 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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NIL 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.
NIL volume spikes
See live spikes for all coins →| Time | Venue | Type | Side | $ in 1m | × normal | Buy % | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|---|---|
| 15m ago | BIN perp | VOL | BUY | $106K | 6.9× | 66% | -0.25% | — | — |
| 23m ago | BIN perp | VOL | SELL | $93K | 5.6× | 28% | +0.48% | +0.18% | — |
| 23m ago | BIN spot | VOL | SELL | $48K | 26.7× | 12% | +0.57% | +0.32% | — |
| 2h ago | BYB perp | VOL | BUY | $279K | 39.0× | 91% | -0.49% | -0.19% | +0.76% |
| 3h ago | BYB perp | VOL | BUY | $203K | 30.7× | 85% | -0.86% | -0.48% | +0.58% |
| 3h ago | HL perp | VOL | SELL | $190K | 166.2× | 12% | +0.48% | -0.02% | +0.84% |
| 3h ago | BYB perp | VOL | SELL | $81K | 14.6× | 23% | +0.44% | -0.14% | +0.57% |
| 3h ago | BIN perp | VOL | SELL | $271K | 9.7× | 27% | +0.36% | -0.16% | +0.49% |
| 3h ago | BIN spot | VOL | SELL | $63K | 13.2× | 28% | +0.38% | -0.17% | +0.49% |
| 3h ago | BYB perp | VOL | SELL | $199K | 37.8× | 27% | +0.26% | -0.44% | -1.18% |
| 3h ago | BIN perp | VOL | SELL | $544K | 20.5× | 28% | +0.21% | -0.38% | -1.22% |
| 3h ago | BIN spot | VOL | SELL | $88K | 19.7× | 24% | +0.18% | -0.33% | -1.17% |
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.
NIL liquidations: long vs short
All liquidations →NIL perps trade only on Hyperliquid, which does not publish a liquidation feed.
About the NIL numbers
NIL 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 NIL 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.
NIL open interest
Open interest is the USD value of all open NIL 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.
NIL 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.
NIL long/short ratio
The share of traders long versus short on NIL 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 NIL long/short ratio page.
NIL volume spikes
A spike is a minute where one NIL 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.