Open Interest
Total value of open futures positions per coin.
| Coin | Price | Price 24h | Open interest | OI 1h | OI 4h | OI 24h | OI / Volume | 24h trend |
|---|
How to use open interest
Open interest is the total value of futures contracts that are still open. It rises when new positions are opened and falls when positions close or are liquidated. Combine it with price direction: rising price with rising OI suggests new buyers, rising price with falling OI suggests shorts closing, falling price with rising OI suggests aggressive shorting, and falling price with falling OI suggests longs giving up.
The OI / volume column compares open positions with 24-hour trading volume. High values mean positions are held longer and leverage is building, low values mean fast turnover.
Click any coin to chart its open interest against price. Use 1h to 4h periods to see the last days and 1d to see the last year.
Why does open interest sometimes drop sharply?
Large liquidation cascades close many positions at once. A sharp OI drop after a big move often means leverage has been flushed out of the market.
Does high open interest mean price will rise?
No. OI shows how much leverage exists, not its direction. Pair it with funding rates and the long/short ratio to see which side is crowded.
About open interest
Reading it: open interest is the total notional value of futures contracts that are still open. Rising OI with rising price usually means new money is backing the move; rising OI with falling price shows aggressive shorting; falling OI means positions are closing. OI relative to 24h volume helps spot crowded, leverage-heavy markets. Data: Binance Futures public endpoints.