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OPEN INTEREST

How much money is riding on Bitcoin futures

What is still open at the end of the day, which exchanges carry it, and how it splits between contracts settled in dollars and contracts settled in Bitcoin.

Usually daily

Open interest across 3 exchanges

Usually daily
Open interest across 3 exchanges, by day chartmaketomaketo.com/futures/open-interest$12.00B$13.00B$14.00B$15.00B$16.00B7/37/157/278/88/209/1TODAY$14.63B

Recorded on all 6 contracts, across 3 exchanges. 1 day is missing, where an exchange went quiet and the total would have read as a fall.

Latest displayed reading: $14,631,748,506 on Sep 7, 2026. This view shows 67 dated readings from Jul 3, 2026 to Sep 7, 2026. The latest displayed reading is higher than the first. The displayed low is $11,573,473,589 on Jul 7, 2026. The displayed high is $15,766,662,334 on Sep 3, 2026. Every day in this range has a reading.

Pick two to four dates and read this chart's values side by side.

  1. Where does it stand?

    $26.25 billion
    in open bets
    On 18 of the 20 contracts we cover, as of Sep 7, 2026.
    $24.07 billion
    in cash-settled contracts
    On 10 of the 20 contracts we cover, as of Sep 7, 2026.
    $2.17 billion
    in coin-settled contracts
    On 8 of the 20 contracts we cover, as of Sep 7, 2026.
    $14.35 billion
    of futures traded in a day
    On 3 of the 11 exchanges we cover, as of Sep 7, 2026.

  2. What are these contracts settled in?

    91.7% of it is settled in dollars

    $24.07 billion sits in contracts settled in dollars and $2.17 billion in contracts settled in Bitcoin. A dollar-settled contract behaves the way most people expect. A Bitcoin-settled one pays out in coin, so what it is worth in dollars moves with the price even when nobody trades it.

    Recorded on 10 of the 20 contracts we cover across 11 exchanges; the rest publish no reading of this kind. This reading has been complete since Sep 7, 2026; the 67 earlier days are not published, because a total that climbs as exchanges arrive is not a market move.

    as of Sep 7, 2026

  3. What is left out of the total?

    2 contracts are not counted

    Some exchanges publish the value of both sides of every position and some publish one side. Counting them the same way would overstate the total by about a sixth, so each is counted on one side before anything is added up. Where an exchange has not made its convention clear, its contracts are left out of the total and out of the chart rather than guessed at, and this is how many.

    as of Sep 7, 2026

  4. Which exchanges carry it?

    • Binance$9.61 billion
    • MEXC$3.79 billion
    • OKX$2.62 billion
    • Bybit$2.40 billion
    • HTX$2.33 billion
    • Gate$2.32 billion
    • Bitget$1.52 billion
    • Hyperliquid$1.36 billion
    • Kraken Futures$161.3 million
    • Coinbase International$132.5 million

    These add up to the total above. As of Sep 7, 2026.

  5. What does this cover?

    11 exchanges: Binance, Bitget, BitMEX, Bybit, Coinbase International, Gate, HTX, Hyperliquid, Kraken Futures, MEXC and OKX.

    Recorded on 18 of the 20 contracts we cover across 11 exchanges; the rest publish no reading of this kind. This reading has been complete since Sep 7, 2026; the 67 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. 1 day is missing, where an exchange went quiet and the total would have read as a fall.

    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 a set of eleven exchanges can carry twenty contracts, and why the coverage line under a reading sometimes counts contracts and sometimes exchanges.

The futures market in one place →
One reading from each part of it, with a link down to each.
What was closed out by force →
Leveraged positions the exchange closed when the collateral ran out.
What the exchanges are holding →
The coins themselves, venue by venue.

Understanding Bitcoin Futures Open Interest

Where it stands today

There is $26.25 billion riding on Bitcoin futures as of .

$24.07 billion of it sits in cash-settled contracts as of .

$2.17 billion of it sits in coin-settled contracts as of .

Open interest is the value of every futures position that is still open. It rises when new money takes a position and falls when a position is closed, whichever way it was pointing, so it measures how much is at stake rather than which side is winning. Rising open interest alongside a rising price usually means new money arriving on the up side; rising open interest alongside a falling price usually means the same on the down side.

A contract settled in dollars behaves the way most people expect: the position is worth a fixed number of dollars per unit. A contract settled in Bitcoin pays out in coin, so its value in dollars moves with the price even when nobody trades. Both are counted here and shown separately.

Some exchanges publish the sum of both sides of every position and some publish one side. Counting them the same way would overstate the total by about a sixth, so each exchange is counted on one side before anything is added up. Where an exchange's convention is not established, it is left out of the total and out of the chart rather than guessed at, and the count of what was left out is on this page.

Two views of the same number run side by side on this page and are never joined into one line. The wider one covers every exchange here and is the more complete picture; it is also the younger, because it only begins on the first day all of them reported. The narrower one is three exchanges with months of history behind it. A single line spliced from both would draw a step upward on the morning the other exchanges arrived and it would look exactly like a market move.

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 a set of eleven exchanges can carry twenty contracts, and why the coverage line under a reading sometimes counts contracts and sometimes exchanges.