About this tool
This tool ranks coins by their futures open interest so you can see which assets carry the most outstanding leveraged positions. It helps traders identify where derivatives activity and potential leverage are concentrated across the market.
Open interest is the total value of futures contracts currently open and not yet closed or settled, and the tool sorts assets from highest to lowest. Rising open interest means new positions are being opened, while falling open interest means positions are being closed, which adds context to a price move.
Frequently asked questions
What is open interest in crypto futures?
Open interest is the total number or value of futures contracts that are currently open and have not been closed or settled. It measures how much money is committed to derivatives on an asset, unlike volume, which counts trades over a period.
How is open interest different from trading volume?
Volume counts how many contracts changed hands in a time window, while open interest counts how many positions remain open at a point in time. A market can have high volume with flat open interest if traders are opening and closing within the period.
Why does rising open interest matter?
Increasing open interest alongside a price move suggests new capital and leverage are entering, which can add conviction or fragility to the trend. Falling open interest suggests positions are being unwound, which may signal a move losing steam.