HomeCharts

Market Level Open Interest

/timeseries/market-openinterest

Definition

Open interest represents the number of contracts that are currently outstanding and not settled for a specific derivatives market.

Details

Each contract has a specified contract value that can be described by the size asset and contract size. For example, the contract value for bitmex-XBTUSD-future is 1 usd and the contract value for cme-BTCF1-future is 5 btc. For more information, please take a look at our page about derivatives contract specifications.

Coin Metrics collects open interest in units of number of contracts and in units of U.S. dollars at one minute snapshot frequency. We collect open interest snapshots from future and option markets from exchanges that are listed on our exchange coverage universe.

API Endpoints

Market open interest can be accessed using the timeseries/market-openinterest for markets.

curl --compressed "https://api.coinmetrics.io/v4/timeseries/market-openinterest?markets=binance-BTCUSDT-future&limit_per_market=1&api_key=<your_key>"

Example

A sample of the futures open interest data from the binance-BTCUSDT-future market from our /timeseries/market-openinterest API endpoint is provided below.

{
  "data": [
    {
      "market": "binance-BTCUSDT-future",
      "time": "2020-08-05T23:05:00.000000000Z",
      "contract_count": "35074.075",
      "value_usd": "408810440.79225",
      "database_time": "2020-08-05T23:05:00.000000000Z",
      "exchange_time": "2020-08-05T23:05:00.000000000Z"
    },
    {
      "market": "binance-BTCUSDT-future",
      "time": "2020-08-05T23:06:00.000000000Z",
      "contract_count": "35061.142",
      "value_usd": "409113039.09552",
      "database_time": "2020-08-05T23:06:00.000000000Z",
      "exchange_time": "2020-08-05T23:06:00.000000000Z"
    }
  ]
}

  • market: The id of the market. Market ids use the following naming convention: exchangeName-baseAsset-quoteAsset-spot for spot markets, exchangeName-futuresSymbol-future for futures markets, and exchangeName-optionsSymbol-option for options markets. \

  • time: The time at which Coin Metrics queried the open interest data from an exchange in ISO 8601 date-time format. Always with nanoseconds precision.\

  • contract_count: The open interest denominated in number of contracts.\

  • value_usd: The open interest denominated in U.S. dollars.\

  • database_time: The timestamp when the data was saved in the database in ISO 8601 date-time format with nanoseconds precision. Always with nanoseconds precision.\

  • exchange_time: The timestamp reported by the exchange. Can be null if the exchange does not report a timestamp.

Frequently Asked Questions

Why do some markets have snapshot frequency of one minute but other markets have a different snapshot frequency?

Most exchanges report their open interest in real-time and for these exchanges we collect open interest at one minute snapshot frequency. Binance only updates their open interest once every 15 minutes and CME only updates their open interest once a day, so for these two exchanges our snapshot frequency matches their update frequency.

Is your open interest snapshot taken exactly on the minute?

For exchanges that report an actual timestamp that is not the time of the request (such as Binance and CME), our time field is the exchange-reported time. For all other exchanges, we truncate the time field to the minute. We try to cycle our scrapers as close to the minute as possible, but most exchanges do not allow us to query the open interest at a specific timestamp. Therefore, if you require a more precise timestamp for exactly when open interest was measured, we recommend using the database_time field which represents the time that we saved it in the database.

Do you have open interest metrics for assets, exchanges, asset pairs, or exchange-asset pairs?

Yes! We calculate various types of total open interest for assets like btc, exchanges like binance, asset pairs like btc-usd, and exchange-asset pairs like binance-btc. For more information, please take a look at our open interest metrics.

Release History

  • CM MDF v2.2 on December 2, 2020: Added open interest for futures markets on Binance, Bitfinex, BitMEX, Deribit, FTX, Huobi, Kraken, and OKEx.\

  • CM MDF v2.3 on April 25, 2021: Added open interest for futures markets on CME. \

  • CM MDF v2.4 on September 1, 2021: Added open interest for futures markets on Bybit. Added open interest for options markets on Deribit. Extended open interest for Ethereum markets on CME. Created several open interest metrics. Added enhanced open interest deduplication logic.

See Also

Coin Metrics also calculates several open interest metrics at the asset, exchange, and exchange-asset level. For instance, you could see the total open interest for a specific asset like btc, for a specific exchange like binance , or for a specific asset that trades on a specific exchange like binance-btc.

Please see the following pages on open interest below to learn more.

Availability

The previous 24 hours of open interest data is available through our community API. Community data is available via HTTP API only and is limited to 10 API requests per 6 seconds per IP address. All of our open interest data is available through our professional API with higher rate limits. The professional API supports trades data through both our HTTP API and websocket API.

Availability by Market Type

Type
Number of Markets

Futures

4720

Option

7163

Availability by Exchange

Exchange
Future Market Count
Option Market Count
Start Date

Binance

207

2020-07-27

Bitfinex

25

2020-07-27

BitMEX

86

2020-07-27

Bybit

24

2021-05-01

CME

61

2017-12-19

Deribit

67

7163

2020-07-27

FTX

1027

2020-07-27

Huobi

1673

2020-07-27

Kraken

67

2020-10-09

OKEx

1483

2020-07-27

PreviousOpen InterestNextReported Open Interest

Last updated