Open Interest (OI) Growth in Cryptocurrencies
The table shows the percentage change in OI for futures contracts for each cryptocurrency over 1 hour, 4 hours, and 24 hours. The comparison is based on the same list of exchanges at the beginning and end of the period. If there is no history yet, or these exchanges account for less than half of the OI, a dash instead of a zero is used.
| Coin | Change in OI, $ | OI now |
|---|---|---|
| Loading OI change… | ||
What does the growth of OI show?
OI (open interest) is the value of all open and outstanding cryptocurrency futures contracts, both perpetual and with an expiration date, including CME futures. Each open contract has a buyer and seller, so OI alone doesn't indicate whether there are more longs or shorts.
The table shows the percentage change in the OI of each cryptocurrency over the last 1 hour, 4 hours, and 24 hours. The percentage is calculated based on the dollar amount: the current OI is compared to the OI at the beginning of the period for the same exchanges.
An important caveat: the USD OI also grows when there are no new positions, but the cryptocurrency's price has simply risen. Therefore, an increase in the USD OI doesn't necessarily indicate new positions or an influx of funds into the market. Compare it to the price change over the same period.
How to read the table
Percentage change
Plus means OI has increased over the period; minus means it has decreased. Click the column header to sort the table by the desired period.
A dash instead of a number
Growth is calculated only for exchanges that have data at both the beginning and end of the period. If there is no history yet, or if such exchanges account for less than half of the OI, a dash is used. When sorting, such rows are always at the bottom of the table and are not counted as zero.
Compare the percentage with the amount
For a cryptocurrency with a small OI, a 30% increase could indicate just a few large trades. Consider both the percentage and the OI dollar amount.