BITCOIN FUTURES
How much money is betting on Bitcoin, and which way?
The money riding on Bitcoin futures, what it costs to hold a position, which way the crowd leans, and what was closed out by force. Each card below is one page, with its latest reading and a small picture of its record.
Every futures reading
Open interest
$26.11 billionin open bets, across 9 exchangesHow much money is riding on Bitcoin futures?
Open interest across 3 exchangesLatest readingReading for Open the chart ↗How much is at stake↗Trading volume
$22.53 billionof futures traded in a day, on 3 of the 9 exchanges we coverHow much Bitcoin futures trading happens in a day?
Futures volume across 9 exchangesLatest readingReading for Open the chart ↗Which way it leans↗Funding
0.0077%paid per settlement by bets on a rise, across 9 exchangesWhich side is paying to hold its Bitcoin position?
Funding rate across 3 exchangesReading for Open the chart ↗Which way it leans↗Positioning
1.81accounts betting up for each betting down, on 6 of the 9 exchanges we coverWhich way is the Bitcoin futures crowd leaning?
Long against short across 3 exchangesReading for Open the chart ↗Which way it leans↗Taker flow
50.1%of trading was buying at market, on 3 of the 9 exchanges we coverWhich side would not wait for its price?
Share bought at market across 9 exchangesReading for Open the chart ↗The price of later↗Basis
5.44% a yearpremium on the nearest dated contract, on 3 of the 9 exchanges we coverWhat will the market pay to own Bitcoin later?
Nearest-contract premium across 9 exchangesReading for Open the chart ↗Closed out by force↗Liquidations
$64.8 millionclosed out by force in a day, on 5 of the 9 exchanges we coverHow much was closed out by force?
Forced closures across 9 exchangesLatest readingReading for Open the chart ↗Closed out by force↗Liquidations by price
$80.5K–81.3Kwhere the most was closed out, $38.3 millionWhere were positions closed out by force?
Up-bets closed outDown-bets closed outThe last closeReading for Open the chart ↗Each card is one page. The pictures cover different spans and different sets of exchanges, and each prints its own dates.
Right now
There is $26.11 billion riding on Bitcoin futures.
Across all 9 exchanges, 16 contracts, as of 20 Oct 2026.
Which side is paying to hold its position?as of 20 Oct 2026
The people betting on a rise are paying. Across the last settlement the rate came to 0.0077%. A positive rate means the contract is trading above the spot price and the up side is paying the down side to keep its position open. It is charged several times a day, so it adds up on a position held for a week.
Recorded on all 16 contracts, across 9 exchanges. 3 of them did not report on the latest day, so the reading is short of its usual coverage. This reading has been complete since 8 Sep 2026; the 48 earlier days are not published, because a total that climbs as exchanges arrive is not a market move.
Is the crowd betting up or down?as of 20 Oct 2026
More accounts betting up, 1.81 to 1. This counts accounts rather than money, so one very large trader weighs the same as one very small one. Read beside funding, which is weighted by money, the two often point different ways, and that disagreement is the interesting part. Neither is a forecast: a crowded side is not a side that is wrong.
Recorded on 6 of the 9 exchanges we cover; the rest publish no reading of this kind. This reading has been complete since 6 Sep 2026; the 46 earlier days are not published, because a total that climbs as exchanges arrive is not a market move.
What does this cover?
9 exchanges: Binance, Bitget, Bybit, Gate, HTX, Hyperliquid, Kraken Futures, MEXC and OKX. Recorded on all 16 contracts, across 9 exchanges. This reading has been complete since 7 Sep 2026; the 47 earlier days are not published, because a total that climbs as exchanges arrive is not a market move. 3 exchanges: Binance, Bybit and OKX. Recorded on all 6 contracts, across 3 exchanges. These stopped trading or paused, and are no longer counted: BitMEX on 16 Sep 2026, one Bitget contract on 17 Sep 2026 and Coinbase International on 1 Oct 2026.
A contract here means one exchange's version of the bet. Most exchanges list two, one settled in dollars and one settled in Bitcoin, and they are counted separately. That is why one exchange can carry more than one contract, and why the coverage line under a reading sometimes counts contracts and sometimes exchanges.
Where is each exchange's own figure?
That page ranks each exchange's own open bets, and never adds them up to the totals above.
Understanding
Bitcoin Futures
Where it stands today
Open interest: $26.11 billion in open bets, across 9 exchanges as of .
Trading volume: $22.53 billion of futures traded in a day, on 3 of the 9 exchanges we cover as of .
Funding: 0.0077% paid per settlement by bets on a rise, across 9 exchanges as of .
Positioning: 1.81 accounts betting up for each betting down, on 6 of the 9 exchanges we cover as of .
Taker flow: 50.1% of trading was buying at market, on 3 of the 9 exchanges we cover as of .
Basis: 5.44% a year premium on the nearest dated contract, on 3 of the 9 exchanges we cover as of .
Liquidations: $64.8 million closed out by force in a day, on 5 of the 9 exchanges we cover as of .
Liquidations by price: $80.5K–81.3K where the most was closed out, $38.3 million as of .
What is a futures contract?
A futures contract is an agreement about the price of Bitcoin rather than a purchase of it. Almost all of this trading is in perpetual contracts, which never expire. Instead of settling on a date, one side pays the other a small fee every few hours to keep the contract price near the spot price. That fee is the funding rate.
How is open interest different from volume?
Open interest is the money still riding on those contracts at the end of the day. It is not trading volume: volume counts what changed hands, open interest counts what is still open afterwards. Both are on this page, and the relationship between them is often more informative than either alone. Open interestTrading volume
Why do the cards cover different exchanges?
Each page publishes its reading twice, over two sets of exchanges that are never joined into one line: the widest set we follow, which is the more complete picture and the younger, and the three exchanges with the longest record. A card states the widest set's latest number and says in its note how many exchanges are behind it, and its picture draws whichever set has the longer history, as the page's own chart does.
What is a contract here?
A contract here means one exchange's version of the bet. Most exchanges list two, one settled in dollars and one settled in Bitcoin, and they are counted separately. That is why one exchange can carry more than one contract, and why the coverage line under a reading sometimes counts contracts and sometimes exchanges.
Why do the cards show different days?
Each card is its own page's latest reading. A page publishes a day only once the exchanges behind it have reported it in full, so one card can be days behind another, and each card prints the day its number describes.
Where do the numbers come from?
Maketo reads them from the exchanges' own published contract records and forced closures, once a day. Each page says which exchanges its numbers cover.
Keep exploring
Source: Read from the exchanges' own published contract records and forced closures, once a day. Each card's page names the exchanges behind its number. Reading for .