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Home/Open Interest

Open Interest

Real-time open interest across perpetual protocols, chains, and categories.

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Active Open Interest
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Open Interest by Category

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Top 5 Protocols by Open Interest

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Market Highlights

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Open Interest on Hyperliquid L1
Total OI on Hyperliquid L1
$0.00
— of total OI across all chains

Category Breakdown (by OI)

Monitor outstanding derivative positions and open interest across perpetual futures, options, and prediction markets. Rising OI with rising prices signals new capital entering the market. What is open interest?

Monitor crypto open interest across perpetuals, derivatives protocols and prediction markets with CoinDuck analytics. Track outstanding positions and speculative sentiment.

What is Crypto Open Interest?

Open interest is the total number of outstanding derivative contracts that have not been settled. It measures the total value of positions currently held by traders across perpetual futures, options, and prediction markets. Rising open interest with rising prices signals new capital entering the market, while rising open interest with falling prices can signal forced liquidations ahead.

Track Open Interest Across Derivatives Markets

CoinDuck aggregates open interest data from multiple derivatives protocols and exchanges. The dashboard shows total OI, protocol-level breakdowns, and historical trends so you can see how leveraged positioning shifts across the market.

Open Interest vs Trading Volume

Open interest measures outstanding positions, while volume measures trading activity over a period. High volume with rising OI suggests new positions are being opened. High volume with falling OI suggests positions are being closed. Both metrics together give a clearer picture of market activity than either alone.

Data Methodology

Open interest is aggregated from derivative exchange feeds, summing the notional value of all open perpetual and futures positions, normalized to USD.

Crypto Open Interest FAQ

Open interest shows the depth of derivative positioning. Spikes in open interest often precede periods of high volatility as crowded positions unwind.
Volume measures total trades executed in a period. Open interest measures outstanding positions that haven't been settled. Volume can be high while OI stays flat if traders are opening and closing positions quickly.
Rising open interest means more derivative contracts are being opened. If prices are also rising, it suggests new long positions. If prices are falling, it may indicate new short positions or increased hedging activity.

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