Glossary
Open interest
The total value of derivative positions currently open. Rising open interest means new money entering positions rather than existing ones changing hands.
See also
Perpetual futuresA derivative tracking an asset's price with no expiry date, kept close to spot by a periodic payment between longs and shorts called funding.
Funding rateA recurring payment between holders of long and short perpetual positions that pulls the contract price toward spot. When it is positive, longs pay shorts.
Last checked 19 Oct 2026.