Market Pulse

Derivatives & leverage

Funding, open interest and trader positioning.

Updated 5 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.
0.59 bp−0.41 bp+0.07 bpLow2026-11-09
BTC long/short account ratio
Number of Binance accounts net long BTC futures versus net short.
2.81+0.51+1.32Very high2026-11-09
ETH funding rate
What long positions pay shorts every 8 hours on Binance ETH perpetual futures.
-0.83 bp−0.97 bp−1.39 bpModerate2026-11-09
BTC open interest
Total value of open Binance BTC perpetual futures positions.
$7.15B−4.17%−6.50%Low2026-11-09
ETH open interest
Total value of open Binance ETH perpetual futures positions.
$4.85B−9.69%−16.87%Moderate2026-11-09
BTC top-trader position ratio
Long versus short positions held by Binance’s largest BTC futures traders.
2.00+0.33+0.39Elevated2026-11-09

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.