W 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 WUSDT | 0.01431 | -4.27% | — | $55.15M | 0.0100% | $6.78M | -0.47% | — | — | Trade |
| Hyperliquid perp W | 0.01434 | -4.32% | — | $6.28M | 0.0100% | $5.27M | -3.74% | — | — | Trade |
| Bybit perp WUSDT | 0.01431 | -4.49% | — | $14.44M | 0.0100% | $2.68M | -9.49% | — | — | Trade |
| Binance spot WUSDT | 0.01433 | -4.33% | — | $12.65M | — | — | — | — | — | Trade |
| Bybit spot WUSDT | 0.01432 | -4.49% | — | $3.59M | — | — | — | — | — | Trade |
| Binance spot WUSDC | 0.01434 | -4.45% | — | $858K | — | — | — | — | — | 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.
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W 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.
W volume spikes
See live spikes for all coins →| Time | Venue | Type | Side | $ in 1m | × normal | Buy % | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|---|---|
| 39m ago | BIN spot | VOL | SELL | $45K | 4.6× | 24% | -0.48% | -1.10% | — |
| 39m ago | BIN perp | VOL | SELL | $755K | 10.5× | 12% | -0.47% | -1.24% | — |
| 60m ago | BIN perp | VOL | MIXED | $210K | 5.8× | 58% | -1.08% | -1.72% | — |
| 70m ago | BIN spot | VOL | MIXED | $71K | 8.5× | 59% | +1.17% | +1.71% | -1.64% |
| 70m ago | BYB perp | VOL | BUY | $106K | 11.3× | 72% | +1.39% | +1.94% | -1.62% |
| 70m ago | BIN perp | VOL | BUY | $489K | 14.0× | 64% | +1.37% | +1.93% | -1.57% |
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.
W liquidations: long vs short
All liquidations →| Window | Longs | Shorts | Long / short | Count |
|---|---|---|---|---|
| 1h | $12K | $117 | 17 | |
| 4h | $12K | $8,744 | 34 | |
| 24h | $12K | $8,744 | 34 |
Biggest W liquidations, 24h
- BINLONG$4,956@ 0.0145540m ago
- BINSHORT$3,611@ 0.0149960m ago
- BINSHORT$2,074@ 0.0147568m ago
- BINLONG$1,881@ 0.0145740m ago
- BINLONG$1,605@ 0.0144827m ago
Latest
- BINLONG$56@ 0.014332m 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 W numbers
W 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 W 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.
W open interest
Open interest is the USD value of all open W 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.
W 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.
W long/short ratio
The share of traders long versus short on W 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 W long/short ratio page.
W volume spikes
A spike is a minute where one W 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.