Perps Week in Numbers
Nov 2 – 8, 2026
Final figures, published November 9, 2026
$61.4B in perpetual futures open interest across 43 venues, and $1.3T in volume over the week.
- Open interest
- $61.4B -7.2% on the week, like-for-like
- Weekly volume
- $1.3T +17.6% vs last week, like-for-like
- On-chain share of volume
- 16.8% 30.6% of open interest
- Stocks, commodities and FX
- 15.5% -0.5 pts on the week, like-for-like
Findings
The week in brief
- 118 perpetual futures markets listed over the week, 90 of them on stocks, led by MEXC, Bitget and HTX.
- Open interest fell 7.2% over the week across the 40 venues tracked throughout; adjusted for price moves, it fell an estimated 0.4%.
- MEXC's share of open interest fell 0.9 points like-for-like; it closed the week at 19.8% of the total.
- On-chain venues handled 16.8% of the week's $1.3T in perpetual futures volume.
- Micron added the most open interest, up 31.4% to $321.0M across 29 venues, while its price fell 25.8%.
Venues
Share of open interest and volume
The ten largest venues, with the change in share from last week, like-for-like.
Open interest
| Venue | USD | Share | Change |
|---|---|---|---|
| MEXC | $12.2B | 20% | -0.9 pts |
| OKX | $7.8B | 13% | +0.3 pts |
| Bitget | $7.6B | 12% | -0.2 pts |
| Gate | $6.1B | 9.9% | +0.1 pts |
| Hyperliquid | $4.8B | 7.8% | -0.3 pts |
| WhiteBIT | $4.5B | 7.3% | +0.0 pts |
| KuCoin | $2.7B | 4.4% | -0.1 pts |
| Phemex | $2.2B | 3.6% | +0.1 pts |
| trade.xyz | $2.1B | 3.5% | +0.4 pts |
| BingX | $1.8B | 3.0% | +0.4 pts |
Volume
Markets
Where open interest moved
Each market's open interest summed across every venue that lists it.
Largest by open interest
| Market | Open interest | OI change | Price | Venues |
|---|---|---|---|---|
| Bitcoin BTC | $23.9B | -1.8% | -4.8% | 37 |
| Ethereum ETH | $11.1B | -8.5% | -7.1% | 37 |
| Solana SOL | $2.7B | -10.6% | -8.8% | 37 |
| Hyperliquid HYPE | $1.8B | -10.7% | -15.4% | 36 |
| Zcash ZEC | $1.4B | +9.4% | -2.2% | 31 |
| Gold XAU | $1.2B | -31.8% | +4.1% | 28 |
| XRP | $1.1B | -13.5% | -11.4% | 35 |
| Tether Gold XAUT | $628.4M | -14.0% | +4.0% | 17 |
| Dogecoin DOGE | $548.0M | -15.8% | -9.1% | 32 |
| Silver XAG | $542.2M | -13.1% | +4.0% | 31 |
Biggest increases
| Market | Open interest | OI change | Price | Venues |
|---|---|---|---|---|
| Zcash ZEC | $1.4B | +9.4% | -2.2% | 31 |
| Micron MU | $321.0M | +31.4% | -25.8% | 29 |
| JCT | $87.0M | +356.8% | +142.5% | 7 |
| Anthropic ANTHROPIC | $134.5M | +57.7% | -11.9% | 20 |
| Direxion Daily Semiconductor Bull 3X Shares SOXL | $408.5M | +11.9% | -44.9% | 21 |
Biggest decreases
| Market | Open interest | OI change | Price | Venues |
|---|---|---|---|---|
| Ethereum ETH | $11.1B | -8.5% | -7.1% | 37 |
| Gold XAU | $1.2B | -31.8% | +4.1% | 28 |
| Bitcoin BTC | $23.9B | -1.8% | -4.8% | 37 |
| Solana SOL | $2.7B | -10.6% | -8.8% | 37 |
| Hyperliquid HYPE | $1.8B | -10.7% | -15.4% | 36 |
Biggest price moves
| Market | Open interest | OI change | Price | Venues |
|---|---|---|---|---|
| JCT | $87.0M | +356.8% | +142.5% | 7 |
| ONE | $13.7M | +63.1% | +49.2% | 10 |
| Direxion Daily Semiconductor Bear 3X Shares SOXS | $43.3M | +25.7% | +47.5% | 13 |
| CAP | $13.6M | +81.0% | +41.2% | 11 |
| PIEVERSE | $27.0M | +55.3% | +37.7% | 10 |
| Tradr 2X Long SNDK Daily ETF SNXX | $26.6M | -4.8% | -55.6% | 13 |
| MUU | $11.4M | +10.7% | -47.8% | 7 |
| Direxion Daily Semiconductor Bull 3X Shares SOXL | $408.5M | +11.9% | -44.9% | 21 |
| AKE | $24.8M | +18.6% | -39.4% | 11 |
| Direxion Daily MSCI South Korea Bull 3X ETF KORU | $57.5M | -24.7% | -38.9% | 16 |
Beyond crypto
Stocks, indices, commodities and currencies
15.5% of all perpetual futures open interest, -0.5 pts on the week like-for-like.
| Market | Open interest | OI change | Price | Venues |
|---|---|---|---|---|
| Gold XAU | $1.2B | -31.8% | +4.1% | 28 |
| Tether Gold XAUT | $628.4M | -14.0% | +4.0% | 17 |
| Silver XAG | $542.2M | -13.1% | +4.0% | 31 |
| Sandisk SNDK | $513.3M | +0.1% | -30.5% | 31 |
| SK hynix SKHYNIX | $441.8M | -6.1% | -21.5% | 17 |
| Direxion Daily Semiconductor Bull 3X Shares SOXL | $408.5M | +11.9% | -44.9% | 21 |
| Brent Crude Oil BRENTOIL | $377.4M | -2.9% | -13.2% | 24 |
| SpaceX SPCX | $368.5M | -5.2% | -2.4% | 29 |
| WTI Crude Oil WTI | $365.0M | -33.7% | -11.9% | 29 |
| S&P 500 US500 | $340.3M | +3.2% | -3.1% | 16 |
Funding
What longs paid over the week
Open-interest-weighted funding, averaged over the week and annualized. Bitcoin +8.4%, Ether +7.0%.
| Market | Annualized | Venues |
|---|---|---|
| Natural Gas NATGAS | +203.0% | 23 |
| JCT | +119.1% | 7 |
| Monero XMR | +39.3% | 25 |
| Direxion Daily MSCI South Korea Bull 3X ETF KORU | +23.8% | 16 |
| Direxion Daily Semiconductor Bull 3X Shares SOXL | +19.5% | 21 |
| Brent Crude Oil BRENTOIL | -35.1% | 24 |
| WTI Crude Oil WTI | -16.6% | 29 |
| Samsung Electronics SAMSUNG | -16.0% | 18 |
| Official Trump TRUMP | -10.5% | 25 |
| Worldcoin WLD | -8.9% | 29 |
Listings
118 new markets, 69 delisted
By venue: MEXC 26, Bitget 16, HTX 11, OKX 11, Gate 10, Crypto.com 8, BingX 7, Bybit 7, Variational 7, Orderly 6, Entropy 3, Lighter 2, edgeX 1, gTrade 1, Nado 1, QFEX 1. 90 of them stocks.
| Market | Venue | Open interest | Listed |
|---|---|---|---|
| Natural Gas NATGAS | gTrade | $2.4M | Nov 6 |
| HOT | BingX | $1.9M | Nov 5 |
| Fortinet FTNT | QFEX | $1.8M | Nov 5 |
| GMBSC | BingX | $992.3K | Nov 6 |
| KOR | BingX | $984.6K | Nov 5 |
Pool venues
Which way pool traders lean
Share of open interest held long on pool-based venues, at the close and at the start of the week.
| Venue | Long share | At the start |
|---|---|---|
| Ostium | 89.1% | 86.6% |
| Jupiter Perps | 78.3% | 79.8% |
| Variational | 63.8% | 62.8% |
| gTrade | 61.8% | 55.2% |
| GMX | 55.7% | 51.9% |
| Vest Classic | 45.1% | 45.9% |
| Veranta | 43.8% | 50.1% |
Liquidations
Liquidations
$628.5M of longs and $248.2M of shorts liquidated on Deribit, dYdX, HTX, OKX, Orderly and Paradex, the venues with a complete record for the week.
Method
How these are counted
- Period
- Weeks run Monday 00:00 to Monday 00:00 UTC; months run the calendar month. A period's figures are final once it closes.
- Open interest
- One side of every open contract, summed across venues at the close. On pool-based venues, traders' longs plus shorts.
- Volume
- Each venue's reported trading volume over the period.
- Like-for-like
- Changes compare the same venues and markets at both ends of the period, so a venue added during it never reads as growth. A period still in progress compares daily averages.
- Funding
- Hourly funding rates weighted by open interest, averaged over the period and annualized, for markets with $50M or more in open interest.
- Listings
- Markets first listed during the period.
- Centralized and on-chain
- Centralized: Binance, Bitfinex, Bitget, Bybit, Deribit, Gate, HTX, Kraken Futures, KuCoin, MEXC, OKX, Phemex and WOO X. Every other venue is on-chain.
- Not included
- Open interest: Binance (no reading at the close); Vest Markets (no reading at the close); Bybit (not published by the venue). Volume: Aevo (incomplete for the period); gTrade (not published by the venue); Kalshi (incomplete for the period); Ostium (not published by the venue); Polymarket Perps (not published by the venue); Veranta (not published by the venue).
Cite
Citing these figures
Cite as: OptimistFi, Perps Week in Numbers, Nov 2 – 8, 2026, optimistfi.com/perps/week/2026-W45. Figures for a closed week are final. Download every venue's figures as CSV.
Other weeks: Nov 2 – 8, 2026 · Oct 26 – Nov 1, 2026 · Oct 19 – 25, 2026 · Oct 12 – 18, 2026 · Oct 5 – 11, 2026
