Definition

Open interest in the context of futures and perpetual contracts refers to the total number of outstanding contracts that have not yet been settled. It is a key indicator of market activity and liquidity, reflecting the level of participation in the market. High open interest suggests strong engagement from traders and can indicate the strength or weakness of price trends. By monitoring open interest, traders and analysts can gain insights into market sentiment and potential future price movements, helping them make informed trading and investment decisions.

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Details

This endpoint returns the total asset open interest for both futures and perpetuals across the various exchanges. The open interest is returns in raw coin amounts and millions of dollars.

Data fields include:

• Timestamp: This represents the timestamp
• Exchange: The represents the exchange
• Coin: This is the total open interest in coin units
• USD: This is the total open interest in millions of USD units

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Availability

Open Interest

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Frequently Asked Questions

How does open interest help traders understand market trends and sentiment in crypto futures?

• Open interest shows the total number of unsettled futures contracts, indicating market activity. When open interest rises, it suggests new money is entering the market, supporting the current trend. If it falls, it might mean the trend is weakening. By watching open interest, traders can better understand market sentiment and decide when to enter or exit trades.