Based Open interest (BASED)
Aggregate data on futures positions with 14 exchanges. Current OI: $27.6M, change over 24 hours: +46.56%
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Distribution OI BASED on exchanges
| Exchange | OI ($) | OI (BASED) | Share | 24 hours |
|---|---|---|---|---|
| $6.4M | 88,033,565 BASED | 23.3% | +52.63% | |
| $4.6M | 62,476,385.64 BASED | 16.5% | +292.47% | |
| $4.3M | 59,227,060 BASED | 15.6% | +46.91% | |
| $3.1M | 41,867,003 BASED | 11.1% | +29.91% | |
| $2.0M | 27,261,106 BASED | 7.2% | +50.79% | |
| $1.6M | 22,458,441 BASED | 5.9% | +16.87% | |
| $1.6M | 22,315,990 BASED | 5.9% | +22.87% | |
| $1.4M | 12,947,655 BASED | 5.2% | +0.63% | |
| $882,195 | 12,079,901.5 BASED | 3.2% | +25.04% | |
| $840,708 | 11,508,670 BASED | 3.0% | -34.81% | |
| $676,120 | 9,261,920 BASED | 2.4% | +16.48% | |
| $99,197 | 1,335,810 BASED | 0.4% | +33.46% | |
| $48,182 | 660,512 BASED | 0.2% | +9.20% | |
| $11,476 | 158,990 BASED | 0.0% | +29.33% |
Schedule OI: BASED/USDT
Open interest Based - data analysis
Total open interest by Based (BASED) — $27.6M, or 371,593,009.14 BASED in real terms. Over 24 hours, the change was +46.56%. Share BASED in the global OI derivative crypto market - 0.0%.
Futures positions are distributed across 14 exchanges. The highest concentration is on Binance USD-M (23.3% of the total volume). When one site holds too large a share OI, cascading liquidations on it are capable of moving the entire market BASED.
What does this indicator show? Open interest is the total amount of outstanding futures contracts, including perpetual swaps and quarterly futures. Each position is both long and short. OI signals an influx of new capital, a decrease signals the closing of positions.
How to read data? Growth OI + price growth is a healthy bullish trend, money is going into long positions. OI + price drop BASED - aggressive build-up of shorts. Sharp decline OI — cascading liquidations or mass stop-loss closures. Three different scenarios and three different trading decisions.
For a complete analysis BASED use OI together with financing rate And liquidation map. Extremely high OI with overheated funding - a classic harbinger of a sharp price reversal.
FAQ: Open Interest Based
What is open interest? BASED?
Open Interest (Open Interest, OI) By Based — the total volume of all outstanding futures contracts: perpetual swaps and quarterly futures. Each contract has a long and a short position. OI shows how much capital is locked up in derivatives BASED right now.
Why OI rises when the price falls BASED?
This means an aggressive buildup of short positions. New traders enter short positions, increasing the overall OIThis situation often ends with a short squeeze—a sharp surge in shorts. Watch out for financing rate: Negative funding confirms shorts' dominance.
Which exchanges have the most futures? BASED?
Currently the leader in OI BASED — Binance USD-M with a share 23.3%In total, the data is aggregated from 14 exchanges. The exact distribution is in the table above; the shares change daily.
How to use OI in trading?
Key combination: OI + price + funding. Growth OI With price - bullish trend, confirmed by money. Rising while falling - bearish. Sharp decline - liquidations. Extreme OI When funding is high, the market is overheated, get ready for a reversal.
How OI differs from trading volume?
Trading volume – how many contracts changed hands during the period. OI — how many contracts remain open right now. High volume with growing OI — an influx of new capital. High volume with falling OI — mass closing of positions. Fundamentally different signals.
When the decline OI - a good sign?
When the market is overheated. If funding is off the charts and OI At the highs, a decline signifies a "discharge" of the market, the removal of excess leverage. After such a discharge, the trend resumes BASED is often more stable.