Q 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 QUSDT | 0.05511 | +10.71% | — | $446.30M | 0.0928% | $30.71M | +9.07% | — | — | Trade |
| Bybit perp QUSDT | 0.05523 | +10.79% | — | $75.67M | 0.0100% | $3.84M | +19.13% | — | — | Trade |
Price and OI changes appear once the server has enough history: it records 5-minute snapshots since its last restart (72 min 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.
Bybit Trade on Bybit
No account yet? Signing up through our link helps keep Volume Monitor free.
Referral link · availability depends on your country (not available in the US)
Q 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.
Q volume spikes
See live spikes for all coins →| Time | Venue | Type | Side | $ in 1m | × normal | Buy % | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|---|---|
| 2m ago | BYB perp | VOL | BUY | $805K | 18.9× | 74% | — | — | — |
| 2m ago | BIN perp | VOL | BUY | $4.88M | 12.8× | 84% | — | — | — |
| 45m ago | BIN perp | VOL | MIXED | $1.41M | 4.8× | 45% | +3.54% | +3.26% | — |
| 52m ago | BYB perp | VOL | MIXED | $275K | 7.5× | 54% | -0.13% | +1.36% | — |
| 54m ago | BIN perp | VOL | MIXED | $1.07M | 4.3× | 58% | +2.29% | +2.30% | — |
| 59m ago | BYB perp | VOL | BUY | $353K | 7.0× | 71% | +0.69% | +1.61% | — |
| 59m ago | BIN perp | VOL | BUY | $1.25M | 4.1× | 68% | +0.62% | +1.55% | — |
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.
Q liquidations: long vs short
All liquidations →| Window | Longs | Shorts | Long / short | Count |
|---|---|---|---|---|
| 1h | $2,650 | $287K | 228 | |
| 4h | $2,650 | $309K | 244 | |
| 24h | $2,650 | $309K | 244 |
Biggest Q liquidations, 24h
- BYBSHORT$20K@ 0.055852m ago
- BYBSHORT$17K@ 0.057942m ago
- BINSHORT$14K@ 0.056532m ago
- BYBSHORT$12K@ 0.056162m ago
- BINSHORT$10K@ 0.0515054m ago
Latest
- BINSHORT$1,376@ 0.055291m ago
- BINSHORT$400@ 0.056351m ago
- BINSHORT$41@ 0.056232m ago
- BINSHORT$3,502@ 0.056622m ago
- BINSHORT$1,181@ 0.055312m ago
- BINSHORT$2,112@ 0.055922m ago
- BINSHORT$9,363@ 0.056442m ago
- BYBSHORT$208@ 0.058322m 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 Q numbers
Q 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 Q 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.
Q open interest
Open interest is the USD value of all open Q 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.
Q 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.
Q long/short ratio
The share of traders long versus short on Q 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 Q long/short ratio page.
Q volume spikes
A spike is a minute where one Q 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.