Key numbers: H1 2024
perpetual futures · UTC1. Open interest
daily average per exchange, USDOpen interest on Binance and Bybit went from $10.97B on 1 Jan 2024 to $16.77B on 30 Jun 2024 (+53%), peaking at $20.69B on 6 Jun 2024. Bitcoin ended the period with 44% of it ($7.41B, +67%). Across the 2 exchanges recorded on 30 Jun 2024, Binance held the largest share, 73% of $16.77B.
Covers Binance and Bybit for the whole period. The chart and the changes use only the exchanges recorded on both 1 Jan 2024 and 30 Jun 2024 (Binance, Bybit). Before this site recorded them live, the numbers for Binance and Bybit come from the exchanges' own hourly history. Coverage
| Coin | 1 Jan 2024 | 30 Jun 2024 | Change | Peak | Peak day |
|---|---|---|---|---|---|
| BTC | $4.44B | $7.41B | +66.85% | $8.35B | 10 Jun 2024 |
| ETH | $2.39B | $4.91B | +105.10% | $6.10B | 27 May 2024 |
| SOL | $737.4M | $944.0M | +28.03% | $1.60B | 18 Mar 2024 |
| BNB | $258.1M | $338.9M | +31.28% | $604.5M | 6 Jun 2024 |
| PEPE | — | $337.2M | — | $599.7M | 27 May 2024 |
| DOGE | $233.5M | $244.0M | +4.51% | $952.3M | 29 Mar 2024 |
| XRP | $298.6M | $208.1M | -30.33% | $455.3M | 12 Mar 2024 |
| WIF | — | $145.5M | — | $388.0M | 31 Mar 2024 |
| BCH | $107.4M | $132.4M | +23.29% | $478.9M | 5 Apr 2024 |
| BONK | $93.7M | $122.7M | +30.95% | $274.9M | 28 May 2024 |
| All coins | $10.97B | $16.77B | +52.87% | $20.69B | 6 Jun 2024 |
Exchange share of open interest
| Exchange | 1 Jan 2024 | Share | 30 Jun 2024 | Share | Change |
|---|---|---|---|---|---|
| Binance | $8.16B | 74.3% | $12.23B | 72.9% | +49.91% |
| Bybit | $2.82B | 25.7% | $4.54B | 27.1% | +61.44% |
Download: coins (CSV) · exchanges (CSV)
2. Funding
mean of each day's OI-weighted 8h rateFunding averaged BTC 0.0142% per 8h (about 15.6% APR) and ETH 0.0145% per 8h (about 15.9% APR) over the first half of 2024. BTC funding was negative on 0 of 182 days. The most positive liquid coin was TAO at 74.6% APR; the most negative BNB at -10.3% APR.
Covers Binance and Hyperliquid for the whole period. Before this site recorded them live, the rates for Binance and Hyperliquid are the settled funding from the exchanges' own history. Coverage
| Coin | Average per 8h | Annualized | Negative days | Days |
|---|---|---|---|---|
| BTC | 0.0142% | 15.6% | 0 | 182 |
| ETH | 0.0145% | 15.9% | 0 | 182 |
| SOL | 0.0170% | 18.6% | 4 | 182 |
| BNB | -0.0094% | -10.3% | 81 | 182 |
| PEPE | 0.0277% | 30.3% | 4 | 182 |
| DOGE | 0.0169% | 18.5% | 1 | 182 |
| XRP | 0.0161% | 17.7% | 1 | 182 |
| WIF | 0.0525% | 57.5% | 4 | 165 |
| BCH | 0.0025% | 2.8% | 86 | 182 |
| BONK | 0.0256% | 28.0% | 11 | 182 |
Download: funding (CSV)
3. Liquidations
UTC days · longs / shortsNo liquidations are recorded for the first half of 2024. This site stores liquidations from 27 Sep 2026.
4. Volume
quote volume, USD · perp and spotNo trading volume is stored for the first half of 2024.
5. Hyperliquid
vs the centralized exchanges · HIP-3Hyperliquid is not recorded for the first half of 2024.
Cite this report
permalinkswolecharts, “Crypto Derivatives Report: H1 2024”, published 1 July 2024, https://swolecharts.com/reports/2024-h1Free to quote and embed with a link back to /reports/2024-h1.
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.
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