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Derivatives

Open interest, funding and liquidations across the perp venues we measure.

A rising price line with a flat funding-rate strip beneath it and red long-liquidation bars on green days
Derivatives

Bitcoin rose 12% in eight days and perp funding barely moved

A leveraged rally shows up as funding rates pinned at the cap and shorts being squeezed. This one shows neither. Funding on the three largest perp venues averaged 0.006% per eight hours, short liquidations never exceeded $16M a day, and the biggest liquidation days were longs being flushed on up-days.

Coinmico Editorial·Sep 23, 2026·5 min read