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

Open interest by venue
VenueUSDShareChange
MEXC$12.2B20%-0.9 pts
OKX$7.8B13%+0.3 pts
Bitget$7.6B12%-0.2 pts
Gate$6.1B9.9%+0.1 pts
Hyperliquid$4.8B7.8%-0.3 pts
WhiteBIT$4.5B7.3%+0.0 pts
KuCoin$2.7B4.4%-0.1 pts
Phemex$2.2B3.6%+0.1 pts
trade.xyz$2.1B3.5%+0.4 pts
BingX$1.8B3.0%+0.4 pts

Volume

Volume by venue
VenueUSDShareChange
Binance$440.7B33%–
OKX$166.7B12%-0.8 pts
Gate$107.0B8.0%+0.1 pts
Deribit$106.8B8.0%+4.7 pts
Bybit$92.0B6.9%-1.2 pts
MEXC$87.1B6.5%+0.1 pts
Bitget$57.3B4.3%-0.6 pts
WhiteBIT$57.1B4.3%+0.8 pts
Hyperliquid$41.3B3.1%-0.7 pts
trade.xyz$31.5B2.4%+0.9 pts

Markets

Where open interest moved

Each market's open interest summed across every venue that lists it.

Largest by open interest

Largest markets by open interest
MarketOpen interestOI changePriceVenues
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

Biggest open interest increases
MarketOpen interestOI changePriceVenues
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

Biggest open interest decreases
MarketOpen interestOI changePriceVenues
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

Biggest price moves
MarketOpen interestOI changePriceVenues
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.

Largest non-crypto markets
MarketOpen interestOI changePriceVenues
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%.

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.

Largest new listings
MarketVenueOpen interestListed
Natural Gas NATGASgTrade$2.4MNov 6
HOTBingX$1.9MNov 5
Fortinet FTNTQFEX$1.8MNov 5
GMBSCBingX$992.3KNov 6
KORBingX$984.6KNov 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.

Long share on pool venues
VenueLong shareAt the start
Ostium89.1%86.6%
Jupiter Perps78.3%79.8%
Variational63.8%62.8%
gTrade61.8%55.2%
GMX55.7%51.9%
Vest Classic45.1%45.9%
Veranta43.8%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.

Liquidations by venue
VenueLongsShorts
OKX$572.6M$234.3M
HTX$22.0M$11.6M
Deribit$17.9M$1.4M
Orderly$13.9M$435.9K
dYdX$1.2M$377.6K
Paradex$952.6K$3.2K

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

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