Key numbers: 2021
perpetual futures · UTC1. Open interest
daily average per exchange, USDOpen interest on Bybit went from $98.1M on 1 Jan 2021 to $746.8M on 31 Dec 2021 (+661%), peaking at $1.21B on 15 Nov 2021. Bitcoin ended the period with 52% of it ($387.6M, +352%).
Covers Bybit for the whole period. The chart and the changes use only the exchanges recorded on both 1 Jan 2021 and 31 Dec 2021 (Bybit). Before this site recorded them live, the numbers for Bybit come from the exchanges' own hourly history. Coverage
| Coin | 1 Jan 2021 | 31 Dec 2021 | Change | Peak | Peak day |
|---|---|---|---|---|---|
| BTC | $85.8M | $387.6M | +351.54% | $629.4M | 15 Nov 2021 |
| ETH | — | $137.8M | — | $188.9M | 15 Nov 2021 |
| AVAX | — | $25.1M | — | $28.2M | 27 Dec 2021 |
| XRP | — | $23.3M | — | $65.7M | 6 Sep 2021 |
| SOL | — | $21.4M | — | $48.2M | 13 Nov 2021 |
| DOT | — | $20.0M | — | $42.1M | 9 Nov 2021 |
| LTC | $7.0M | $17.0M | +143.70% | $40.6M | 15 Nov 2021 |
| ADA | — | $14.4M | — | $70.1M | 16 May 2021 |
| SHIB | — | $13.5M | — | $25.8M | 28 Oct 2021 |
| ATOM | — | $11.9M | — | $11.9M | 31 Dec 2021 |
| All coins | $98.1M | $746.8M | +661.03% | $1.21B | 15 Nov 2021 |
Exchange share of open interest
| Exchange | 1 Jan 2021 | Share | 31 Dec 2021 | Share | Change |
|---|---|---|---|---|---|
| Bybit | $98.1M | 100.0% | $746.8M | 100.0% | +661.03% |
Download: coins (CSV) · exchanges (CSV)
2. Funding
mean of each day's OI-weighted 8h rateFunding averaged BTC 0.0280% per 8h (about 30.6% APR) and ETH 0.0343% per 8h (about 37.5% APR) over 2021. BTC funding was negative on 29 of 365 days. The most positive liquid coin was XRP at 48.1% APR; the most negative SHIB at -9.5% APR.
Covers Binance for the whole period. Before this site recorded them live, the rates for Binance are the settled funding from the exchanges' own history. Coverage
| Coin | Average per 8h | Annualized | Negative days | Days |
|---|---|---|---|---|
| BTC | 0.0280% | 30.6% | 29 | 365 |
| ETH | 0.0343% | 37.5% | 12 | 365 |
| AVAX | 0.0284% | 31.0% | 50 | 365 |
| XRP | 0.0440% | 48.1% | 13 | 365 |
| SOL | 0.0261% | 28.6% | 22 | 365 |
| DOT | 0.0386% | 42.2% | 26 | 365 |
| LTC | 0.0366% | 40.1% | 18 | 365 |
| ADA | 0.0365% | 39.9% | 25 | 365 |
| SHIB | -0.0087% | -9.5% | 58 | 236 |
| ATOM | 0.0424% | 46.4% | 6 | 365 |
| Coin | Annualized | Days |
|---|---|---|
| XRP | 48.1% | 365 |
| ATOM | 46.4% | 365 |
| LINK | 43.0% | 365 |
| DOT | 42.2% | 365 |
| LTC | 40.1% | 365 |
| Coin | Annualized | Days |
|---|---|---|
| SHIB | -9.5% | 236 |
Download: funding (CSV)
3. Liquidations
UTC days · longs / shortsNo liquidations are recorded for 2021. This site stores liquidations from 27 Sep 2026.
4. Volume
quote volume, USD · perp and spotNo trading volume is stored for 2021.
5. Hyperliquid
vs the centralized exchanges · HIP-3Hyperliquid is not recorded for 2021.
Cite this report
permalinkswolecharts, “Crypto Derivatives Report: 2021”, published 1 January 2022, https://swolecharts.com/reports/2021Free to quote and embed with a link back to /reports/2021.
Methodology
- Days are UTC. Open interest is each perpetual market's average for the day, summed per coin and exchange; HIP-3 markets are left out of the crypto totals.
- Funding is each day's open-interest-weighted average of the 8-hour-equivalent rate across exchanges, averaged over the days with data; annualized = rate × 3 × 365.
- Live data is what this site recorded from each exchange's public API. Before that, Binance and Bybit open interest come from the exchanges' published hourly history and Binance and Hyperliquid funding from their settled rates; the live record wins wherever both exist.
- Liquidations come from the exchanges' public liquidation feeds; some feeds are sampled, so totals are a lower bound. Volume is the quote volume of this site's recorded 1-minute bars.
- No third-party aggregator data is used. See coverage for every exchange and data type.
Share this report's card
1200×630 PNG · free to use with a link back
Download the card · Share on X · Permalink: https://swolecharts.com/reports/2021