OKX Open Interest
Shows the current open position size for OKX USDT perpetual futures. Select a coin or tap in the table to align price and open interest trends above and below.
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What is open interest?
Open Interest (OI) is the total number of futures contracts that are still open and have not been closed or liquidated. Open interest increases when new long and short positions are matched, and decreases when positions are closed or liquidated. Since each long is paired with a short, only one side is counted.
By amount and by quantity
USDT-converted amounts are calculated as coin quantity × price, so the value increases even if only the price rises. That’s why the 1/4/24-hour change rates on this page are calculated based on coin quantity only, so you can see whether positions actually increased or decreased. Change rates are shown for the top 40 open interest coins.
How to Read with Price
If both price and open interest rise, it often means new capital is entering and the trend continues. If price rises but open interest falls, it’s often due to shorts being stopped out or liquidated. If price drops and open interest plunges, it may indicate a wave of long liquidations.
How to use
- If open interest rises sharply in a short time, it means leveraged positions are piling up, which can increase volatility.
- A sharp drop in open interest can signal mass liquidations or position closures. Check the real-time liquidation page for details.
- If a coin has a much higher open interest compared to its trading volume, it means positions are heavily stacked, so a move in one direction could trigger large liquidations.
OKX Open Interest FAQ
How often is OKX open interest updated?
The table updates every minute, and the 1/4/24-hour change rates are recalculated every 10 minutes. Trend charts use OKX's 5-minute aggregated data and refresh every 2 minutes.
Does open interest increase mean the price will rise?
No. Open interest increases with both long and short positions, so it doesn't indicate direction. Interpret it together with price, long/short ratio, and funding rate.
Are there stocks or commodities available?
Some OKX USDT perpetual futures also include contracts for stocks and commodities like gold, silver, and oil. Use the filter buttons above the table to view only cryptocurrencies.
Last updated · Data: OKX Public API