O 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 OUSDT | 0.5299 | +0.28% | — | $1.25M | 0.0400% | $4.65M | +0.56% | — | — | Trade |
| Bitget perp OUSDT | 0.5297 | +0.55% | — | $196K | 0.0100% | $1.51M | +0.23% | — | — | Trade |
| KuCoin perp OUSDTM | 0.5297 | — | — | $1.40M | 0.0100% | $1.20M | — | — | — | Trade |
| MEXC perp O_USDT | 0.5289 | — | — | $125K | 0.0100% | $788K | — | — | — | Trade |
| Gate perp O_USDT | 0.5294 | — | — | $320K | 0.0100% | $747K | — | — | — | Trade |
| Bybit perp OUSDT | 0.5289 | +0.53% | — | $211K | 0.0100% | $281K | +0.57% | — | — | Trade |
Price and OI changes appear once the server has enough history: it records 5-minute snapshots since its last restart (~4h 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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O long/short ratio
All coins' long/short ratios →Long/short ratios are tracked for the top 100 perpetuals by volume on Binance and Bybit. O is not among them right now. See the coins that are tracked →
O volume spikes
See live spikes for all coins →No O volume spikes since the server started ~4h ago. A spike is a minute with at least 4× normal volume; new ones appear here live.
| Time | Venue | Type | Side | $ in 1m | × normal | Buy % | +5m | +15m | +1h |
|---|
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.
O liquidations: long vs short
All liquidations →O perps trade only on Hyperliquid, which does not publish a liquidation feed.
About the O numbers
O 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 O 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.
O open interest
Open interest is the USD value of all open O 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.
O 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.
O volume spikes
A spike is a minute where one O 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.