Aggregate derivatives open interest across connected venues. Auto-refreshes every 15s.
Open interest is the total notional value of outstanding (not yet closed) perpetual and dated futures contracts across every monitored venue. A rising number means fresh money is entering positions; a falling number means positions are closing.
Open interest is the cleanest proxy for leverage in the system. When price moves and OI expands together, the move is being driven by new positioning and tends to continue. When price moves and OI contracts, the move is short-covering or take-profit and usually reverses.
SkynetX polls every connected exchange for per-symbol OI, converts each contract's coin-denominated OI to USD using the venue's mark price, then sums across all perpetual and dated futures instruments for BTC, ETH, SOL and majors. Dominant exchange share is the single venue's USD OI divided by the global total.
SkynetX aggregates open interest across 15+ centralized perpetual venues and the major on-chain perp DEXes (Hyperliquid, dYdX v4, GMX, Drift) with sub-minute refresh.
Our OI collectors publish every ~60 seconds. If you just started the stack, refresh in about a minute and rows should appear. This page also auto-refreshes every 15s.
Open interest (OI) is the total notional value of all outstanding — not yet closed — perpetual and dated futures contracts across every venue SkynetX monitors. One contract opens when a buyer and a seller enter a new position; it closes when either side exits. Open interest is a running count of commitments, distinct from volume, which measures turnover. When volume is high but OI is flat, existing positions are rotating; when both volume and OI rise together, new money is opening new positions.
The classic read: price up + OI up = bullish trend, fresh longs funding the rally; price up + OI down = short covering, likely to stall; price down + OI up = fresh shorts, trend likely to continue; price down + OI down = long capitulation. These four quadrants are the oldest heuristic in futures markets and they still work — especially when combined with the funding rate to measure how expensive the dominant positioning has become.
The dominant-exchange card above shows whose book is carrying the leverage. A 40%+ share on a single venue is a concentration risk — use the position (OI by exchange) breakdown to see the distribution. For per-asset deep dives, switch the coin tab above or jump to the long / short ratio for positioning context or live liquidations to see when OI gets forcibly unwound.