Ethereum (ETH) open interest live: chart and OI by exchange
Open interest in ETH perpetual futures totals $13.47B across 14 markets, with Binance ETHUSDT holding 43.0% of it. OI changed -0.45% in the last hour, -0.64% over 4 hours and -3.52% over 24 hours. Over the same 24 hours the price moved -1.64%: positions closed while price fell, which is typical of longs exiting or being liquidated.
ETH open interest by exchange
USD · changes from 5-minute snapshots| Market | Open interest | Share | OI 1h | OI 4h | OI 24h | Price 1h | Price 24h | Funding 8h | 24h volume | Trade |
|---|---|---|---|---|---|---|---|---|---|---|
| Binance ETHUSDT | $5.80B | 43.0% | -0.60% | -0.85% | -3.13% | -0.34% | -1.64% | 0.0057% | $11.40B | Trade |
| Binance ETHUSDC | $2.81B | 20.9% | -0.35% | +0.02% | -1.57% | -0.34% | -1.65% | 0.0090% | $3.44B | Trade |
| MEXC ETH_USDT | $2.40B * | — | +3.49% | +8.42% | -13.62% | -0.38% | -1.69% | 0.0056% | $1.85B | Trade |
| Hyperliquid ETH | $1.40B | 10.4% | -0.41% | — | -2.01% | -0.55% | -1.84% | 0.0081% | $1.50B | Trade |
| Gate ETH_USDT | $1.05B | — | -0.53% | +1.06% | -1.71% | -0.35% | -1.69% | -0.0004% | $6.50B | Trade |
| Bitget ETHUSDT | $950.97M | 7.1% | -0.16% | -0.22% | -3.17% | -0.32% | -1.62% | 0.0026% | $2.06B | Trade |
| Bybit ETHUSDT | $927.65M | 6.9% | +0.32% | -0.62% | -6.79% | -0.57% | -1.95% | -0.0075% | $3.27B | Trade |
| HTX ETH-USDT | $409.11M | 3.0% | -1.11% | -3.20% | -12.68% | -0.35% | -1.72% | -0.0070% | $1.09B | Trade |
| KuCoin ETHUSDTM | $390.27M | 2.9% | -0.93% | -1.95% | -12.20% | -0.39% | -1.71% | 0.0007% | $345.02M | Trade |
| Binance ETHUSD_PERP | $384.86M | 2.9% | -0.46% | +0.56% | -0.95% | -0.37% | -1.66% | 0.0100% | $494.10M | Trade |
| Aster ETHUSDT | $210.02M | 1.6% | +0.02% | +0.12% | -4.61% | -0.37% | -1.68% | 0.0047% | $444.70M | Trade |
| Bybit ETHUSD | $90.01M | 0.7% | +0.36% | +0.44% | -1.62% | -0.38% | -1.69% | 0.0091% | $113.79M | Trade |
| Lighter ETH | $75.62M | 0.6% | -1.50% | -2.99% | -4.03% | -0.36% | -1.68% | -0.0040% | $439.67M | Trade |
| KuCoin ETHUSDM | $26.25M | 0.2% | -0.02% | 0.00% | +0.45% | -0.41% | -1.70% | 0.0100% | $871K | Trade |
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ETH open interest history
From recorded history, hourlyETH open interest is $13.47B, down 8.9% over the past 7 days, and down 3.5% in the last 24 hours.
ETH open interest
All perps, USDNot recorded Chart: TradingView Lightweight Charts™
About the ETH open interest
What is ETH open interest?
Open interest (OI) is the total value of all open ETH perpetual futures positions, in USD. Every open contract has a long and a short side, so OI counts one side only. It rises when new positions open and falls when positions close or are liquidated.
How to read OI with price
OI up, price up: new positions opening as price rises, usually fresh longs. OI up, price down: fresh shorts. OI down, price up: shorts closing (a short squeeze if fast). OI down, price down: longs exiting or being liquidated. Large OI changes in a few hours show where leverage is building or unwinding in ETH.
Where the numbers come from
ETH OI comes from the public APIs of Binance, MEXC, Hyperliquid and 7 more and is converted to USD at the mark price, so part of an OI change can come from the price move itself. Changes compare the current value with 5-minute snapshots the server has recorded since it last started.
Is this aggregated ETH open interest?
Yes. The headline figure and the ETH open interest chart sum eligible tracked ETH perpetuals; the current total includes Aster, Binance, Bitget, Bybit, HTX, Hyperliquid, KuCoin and Lighter ($13.47B now). Current coverage: 8 exchanges (MEXC excluded; Gate no OI data) · see coverage. Excluded venues remain visible per market but contribute neither to the combined total nor to row shares. Markets with missing or stale OI also have no share; historical coverage can vary, with history since 27 Sep. The same series is free as JSON from /api/series/oi.
Which exchange has the most ETH open interest?
Right now Binance (ETHUSDT) is the largest ETH perpetual market, with $5.80B or 43.0% of the $13.47B total. The table above ranks all 14 markets by OI with their 1h, 4h and 24h changes and funding.
Where can I compare open interest across coins?
The crypto open interest table ranks every perpetual by OI with 1h, 4h and 24h changes, the OI change screener finds the biggest moves, and Hyperliquid open interest covers the on-chain exchange on its own.