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| Exchange | Open Interest | 24h Change | 7d Change | Share |
|---|---|---|---|---|
 |
$9.44B | -2.5% | +1.8% | |
 |
$3.23B | -0.7% | +8.9% | |
 |
$2.47B | +6.7% | +15.5% | |
 |
$2.45B | -5.4% | +5.0% | |
 |
$2.15B | +2.2% | -0.3% | |
 |
$2.13B | -0.8% | -18.2% | |
 |
$1.81B | -2.3% | +2.4% | |
 |
$674.8M | -9.2% | -25.8% | |
 |
$415.5M | -1.8% | -0.2% | |
 |
$318.2M | +3.7% | +18.3% | |
 |
$308.8M | -1.5% | +3.5% | |
 |
$233.3M | -1.8% | +4.7% | |
 |
$42.9M | +19.5% | +37.5% | |
 |
$27.7M | -2.3% | -17.9% | |
 |
$15.8M | +8.0% | -0.4% |
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Ethereum open interest is the total value of outstanding ETH perpetual futures positions that have not yet been closed. This page aggregates open interest across the exchanges PerpDEX Wars tracks, giving a single view of how much leveraged capital is currently positioned in the Ethereum derivatives market.
The Ethereum open interest chart shows how aggregate OI has changed over time, while the exchange table breaks the total down by venue. This makes it possible to see whether changes in ETH open interest are broad across the market or concentrated on individual exchanges.
Rising Ethereum futures open interest means more capital is entering or remaining in open positions, while falling OI usually means positions are being closed or liquidated. Open interest does not show whether traders are net long or short, so it is most useful when read together with price, funding rates, liquidations and long/short positioning.
Ethereum open interest is the total value of ETH futures and perpetual positions that are currently open. It rises when new positions are created faster than existing ones are closed and falls when traders reduce or exit positions.
Rising ETH open interest usually means more capital is being committed to derivatives positions. Falling open interest means positions are being closed, reduced or liquidated. The signal becomes more useful when compared with ETH price and funding rates.
PerpDEX Wars aggregates ETH open interest from the exchanges covered on this page and converts the reported positions into a comparable USD value. The table also shows how much of the total comes from each exchange.
Open interest measures positions that remain open, while trading volume measures how much ETH futures activity took place during a period. High volume can occur without a large change in open interest if traders are frequently opening and closing positions.
The exchange breakdown shows where ETH derivatives positioning is concentrated. A large increase on one venue can have a different meaning from a market-wide increase spread across several exchanges.
The page is updated from exchange market data and is designed to show current ETH open interest alongside recent and historical changes. The latest values and exchange breakdown are displayed in the dashboard above.