Crypto Open Interest
Live perpetual-futures open interest — the total value of open positions on each coin, and where leverage grew or unwound the most in the last 24 hours. Rising OI means fresh money and leverage; falling OI means positions are being closed. Updates automatically.
Open interest · all coins
What is open interest?
Open interest (OI) is the total dollar value of all outstanding perpetual-futures positions on a coin. Unlike volume (which counts every trade), OI counts how much leverage is currently open in the market. Rising OI means new positions and fresh leverage are entering; falling OI means traders are closing out.
Reading OI changes
OI is most useful alongside price. Price up + OI up means new money is backing the move — a stronger trend. Price up + OI down often means short covering rather than fresh demand. A sudden drop in OI usually follows a liquidation cascade as over-leveraged positions get flushed. Heavy OI build-up combined with one-sided funding flags a crowded, fragile setup.
Where leverage is building
The cards above highlight the biggest 24-hour OI inflows and outflows — a quick read on where traders are piling in and where they are heading for the exits. Confirm setups on the technical screener and size with the position-size calculator.
Open-interest data aggregated across major exchanges. For information only — not financial advice.