Add to Chrome
On top of any exchange
| Exchange | Open Interest | 24h Change | 7d Change | Share |
|---|---|---|---|---|
 |
$11.13B | -3.6% | +2.7% | |
 |
$5.34B | -7.3% | -2.0% | |
 |
$4.67B | -5.5% | +2.1% | |
 |
$4.26B | -9.5% | -11.3% | |
 |
$3.11B | +4.8% | -1.7% | |
 |
$2.97B | -4.1% | +0.9% | |
 |
$2.85B | +0.5% | +2.7% | |
 |
$2.00B | -3.2% | -6.4% | |
 |
$1.05B | -2.1% | +11.4% | |
 |
$935.3M | -1.0% | +0.0% | |
 |
$423.8M | +4.4% | -0.6% | |
 |
$314.2M | -7.9% | -4.6% | |
 |
$45.9M | +3.6% | +8.5% | |
 |
$38.8M | -3.6% | -8.4% | |
 |
$21.4M | +7.3% | +16.2% |
Add to Chrome
BTC open interest is the total notional value of Bitcoin perpetual positions that remain open across the exchanges PerpDEX Wars tracks. Unlike trading volume, which measures how much is traded over a period, open interest measures the value still tied to active positions.
The Bitcoin open interest chart shows how aggregate OI changes over the selected period, while the exchange table breaks current open interest down by venue and shows 24-hour and 7-day changes. This makes it easier to see where leverage is building, shrinking or becoming concentrated across the market.
Changes in BTC OI are most useful when read alongside price, funding rates and liquidations. Rising open interest means the value of outstanding positions is increasing, while falling open interest means positions are being reduced or closed. The page also shows how much of total tracked Bitcoin open interest sits on PerpDEXs versus the broader exchange market.
BTC open interest is the total notional value of Bitcoin perpetual positions that are currently open. It measures outstanding market exposure rather than the amount traded during a given period.
Rising BTC OI means the value of open positions is increasing, while falling OI means outstanding exposure is being reduced. Open interest alone does not show whether traders are bullish or bearish, so it is more useful when combined with price, funding rates and liquidation data.
The exchange breakdown shows where open positions are concentrated. A large change on one venue can have a different market impact from a broad increase across Binance, Bybit, Hyperliquid and other exchanges.
The chart tracks aggregate Bitcoin open interest over time for the selected period. It helps show whether outstanding leverage has been building or unwinding and puts the current level in historical context.
PerpDEX share compares the combined BTC open interest on the decentralized perpetual exchanges tracked on this page with total BTC open interest across all tracked exchanges.
The page refreshes every 30 seconds so the headline totals, exchange breakdown and recent changes stay close to current market conditions.