BITCOIN OPEN INTEREST AND FUNDING BY EXCHANGE
How Much Is Riding on Open Bets at Each Exchange?
Four readings from the futures side of each exchange: the money in bets still open, what holding a bet costs, which way the crowd leans, and what was closed out by force. One card per reading per exchange.
Open bets, exchange by exchange
Binance
$9.58 billionmoney riding on open betsHow much money is riding on open bets on Binance?
Money riding on open betsLatest readingReading for Open the chart ↗Open interest↗Bybit
$2.75 billionmoney riding on open betsHow much money is riding on open bets on Bybit?
Money riding on open betsLatest readingReading for Open the chart ↗Open interest↗OKX
$3.00 billionmoney riding on open betsHow much money is riding on open bets on OKX?
Money riding on open betsLatest readingReading for Open the chart ↗Open interest↗Gate
$2.59 billionmoney riding on open betsHow much money is riding on open bets on Gate?
Money riding on open betsLatest readingReading for Open the chart ↗Open interest↗HTX
$2.21 billionmoney riding on open betsHow much money is riding on open bets on HTX?
Money riding on open betsLatest readingReading for Open the chart ↗Open interest↗Bitget
$1.40 billionmoney riding on open betsHow much money is riding on open bets on Bitget?
Money riding on open betsLatest readingReading for Open the chart ↗Open interest↗MEXC
$5.04 billionmoney riding on open betsHow much money is riding on open bets on MEXC?
Money riding on open betsLatest readingReading for Open the chart ↗Funding rate↗Binance
0.0026%a day, paid by bets on a riseWhich side is paying to hold on Binance?
Funding rateReading for Open the chart ↗Funding rate↗Bybit
0.0178%a day, paid by bets on a riseWhich side is paying to hold on Bybit?
Funding rateReading for Open the chart ↗Funding rate↗OKX
0.0152%a day, paid by bets on a riseWhich side is paying to hold on OKX?
Funding rateReading for Open the chart ↗Funding rate↗Gate
0.0189%a day, paid by bets on a riseWhich side is paying to hold on Gate?
Funding rateReading for Open the chart ↗Funding rate↗HTX
0.0029%a day, paid by bets on a riseWhich side is paying to hold on HTX?
Funding rateReading for Open the chart ↗Funding rate↗Bitget
0.0153%a day, paid by bets on a riseWhich side is paying to hold on Bitget?
Funding rateReading for Open the chart ↗Funding rate↗MEXC
0.0024%a day, paid by bets on a riseWhich side is paying to hold on MEXC?
Funding rateReading for Open the chart ↗Long/short ratio↗Binance
0.636betting up vs betting downWhich way is the crowd on Binance leaning?
Long/short ratioReading for Open the chart ↗Long/short ratio↗Bybit
1.367betting up vs betting downWhich way is the crowd on Bybit leaning?
Long/short ratioReading for Open the chart ↗Long/short ratio↗OKX
1.509betting up vs betting downWhich way is the crowd on OKX leaning?
Long/short ratioReading for Open the chart ↗Long/short ratio↗Gate
0.86betting up vs betting downWhich way is the crowd on Gate leaning?
Long/short ratioReading for Open the chart ↗Long/short ratio↗Bitget
1.185betting up vs betting downWhich way is the crowd on Bitget leaning?
Long/short ratioReading for Open the chart ↗Long liquidations↗Binance
$45.5 millionup-bets closed out by forceHow much was closed out by force on Binance?
Up-bets closed out by forceLatest readingReading for Open the chart ↗Long liquidations↗Bybit
$16.2 millionup-bets closed out by forceHow much was closed out by force on Bybit?
Up-bets closed out by forceLatest readingReading for Open the chart ↗Long liquidations↗OKX
$8.5 millionup-bets closed out by forceHow much was closed out by force on OKX?
Up-bets closed out by forceLatest readingReading for Open the chart ↗The small label on each card names the reading, and the cards are grouped by it, open interest first.
RIGHT NOW
$25.92 billion riding on open bets across 11 exchanges, as of 16 Sep 2026.
Which side is paying to hold a bet?
On all 7 exchanges, bets on a rise paid bets on a fall on their latest day.
Which way is the crowd leaning?
On 3 of 5 exchanges, more accounts are betting on a rise than on a fall.
What was closed out by force?
$111.0 million closed out in a day, over 6,513 positions, as of 23 Sep 2026.
What can't these readings tell you?
These readings describe bets people have already placed. None says which way the price goes next, and none is advice to buy or sell.
Understanding
Bitcoin Open Interest and Funding by Exchange
Where it stands today
Open interest and funding: $25.92 billion riding on open bets across 11 exchanges as of .
Traders on Binance have $9.58 billion riding on bets that are still open as of .
What is open interest?
Open interest is the money tied up in futures bets that are still open at the end of the day. More of it means more is riding on where the price goes, in either direction.
What is a funding rate?
A funding rate is the fee one side of a perpetual futures bet pays the other to keep the bet tied to the spot price. When bets on a rise pay, more people are leaning that way.
What is a long/short ratio?
The long/short ratio compares the accounts betting on a rise with the accounts betting on a fall. Above 1, more accounts lean up; below 1, more lean down.
What is a liquidation?
A liquidation is a bet the exchange closed by force because the money behind it ran out. A wave of them can push the price further in the direction it was already moving.
Why doesn't every exchange have all four?
Not every exchange offers every kind of bet, and a reading gets a page of its own only once it has two weeks of daily history. So the four readings hold different numbers of cards, and a card appears here on the day its page does.
Where do the numbers come from?
Maketo records them at each exchange, one reading a day. Nothing here is bought in.
Keep exploring
Source: Measured by Maketo at each exchange, one reading a day. Reading for .