Market Pulse

Derivatives & leverage

Funding, open interest and trader positioning.

Updated 50 minutes ago

Section risk
Moderate

All readings

IndicatorValue7d30dRiskTrendAs of
BTC funding rate
What long positions pay shorts every 8 hours on Binance BTC perpetual futures.
0.34 bp−0.66 bp+0.21 bpLow2026-11-08
BTC long/short account ratio
Number of Binance accounts net long BTC futures versus net short.
3.07+0.81+1.62Very high2026-11-08
ETH funding rate
What long positions pay shorts every 8 hours on Binance ETH perpetual futures.
0.61 bp+0.71 bp+0.45 bpLow2026-11-08
BTC open interest
Total value of open Binance BTC perpetual futures positions.
$7.31B−2.17%−3.80%Low2026-11-08
ETH open interest
Total value of open Binance ETH perpetual futures positions.
$5.31B−0.80%−8.77%Low2026-11-08
BTC top-trader position ratio
Long versus short positions held by Binance’s largest BTC futures traders.
1.84+0.17+0.24Elevated2026-11-08

How to read it

Leverage amplifies moves. When funding is high, open interest is rising fast and most accounts lean one way, the market is crowded and vulnerable to a squeeze in the other direction.