ETH/USDT
Last updated: 9/15/2026, 3:00:55 AM
Market calm across metrics
Pulse signals— velocity & rarity composite
What's moving fast right now. Independent from the static stress score.
Stress-score timeline
Recent track record
16/40 correctThis pair's high-conviction direction calls over the last 30 days — recorded before the outcome, graded after. Small sample: a recent record, not a statistic.
Aggregated Open Interest (All Exchanges)
Risk Signals (Extra)
Liquidation history
Positioning summary
Of the ~500 Hyperliquid accounts we track, 52 hold ETH: $618.32M long across 35 positions and $648.72M short across 17 positions — net $30.40M short. The nearest tracked liquidation sits 1.6% below the $2407 Hyperliquid mark and would force-close $31.65M of long exposure. That is the 2026-09-15 20:59 UTC whale sweep; the interactive panel below reloads it on its own.
Open Interest
CoinalyzeFunding Rate
CoinalyzePer-exchange futures data▾
| Metric | Binance | Bybit | KuCoin |
|---|---|---|---|
| Price | $2,509.13 | $2,509.38 | $2,509.13 |
| OI (USD) | $5.83B | $1.98B | $316.51M |
| OI share | 71.7% | 24.4% | 3.9% |
| OI (tokens) | 2,321,588 | 788,534 | 126,142 |
| Funding rate | -0.0025% | — | — |
A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.
External Data (CoinMarketCap & Coinalyze)
Other BTC-trackers
ETH sits in the BTC-trackers cohort — the group our direction model routes it through. These perpetuals share that behaviour, so their leverage tends to build and unwind the way ETH's does:
- BB0.18+0.4%
- MOVE0.18+1.6%
- ZKC0.18-0.7%
- API30.17-5.5%
- 1000PEPE0.17+1.0%
- BSV0.00-0.3%
- GRAM0.00-0.7%
- ETHW—-2.4%
Stress score (0–1) and 24h price change, from the same daily sync as this page.
ETH perpetuals — common questions
Answered from this pair's current readings, refreshed with the daily sync.
What are ETH's current liquidation levels?
On Hyperliquid, where ETH whale positions are visible address by address, the nearest tracked liquidation sits 1.6% below the $2407 Hyperliquid mark and would force-close $31.65M of long exposure. On the other side, $15.43M of shorts liquidate 27.6% above that same mark. Across the exchanges we aggregate, $57.29M of ETH positions were actually liquidated in the last 24 hours.
How much open interest does ETH have right now?
Aggregated open interest in ETH perpetuals is $8.12B: $5.83B on Binance (72%), $1.98B on Bybit (24%) and $316.51M on KuCoin (4%). That position base is -0.1% over 24 hours and +4.1% over the last week. Open interest is 0.74× the pair's 24-hour volume, so positions are turning over faster than the book itself.
What is ETH's funding rate?
Binance settles ETHUSDT funding at -0.0025% every 8 hours, which annualises to roughly -2.8%. Funding is negative, so shorts are paying longs — the crowd is leaning short and paying to stay there. At that rate a $10,000 position on the short side pays about $0.76 a day to stay open.
Are whales long or short ETH?
Among the ~500 largest Hyperliquid accounts we track, 52 hold positions of $100k or more in ETH: $618.32M long across 35 and $648.72M short across 17 — a net $30.40M short. At the start of the tracked week that net figure was $104.97M short. These are real on-chain positions read off Hyperliquid, not a model output — roughly a third of Binance USDT-perps have a Hyperliquid market, and ETH is one of them.
Is ETH over-leveraged right now?
ETH's leverage-stress score is 0.178 out of 1.0, which we band as low risk. It blends three readings: how big the perp book is next to the token itself ($306.57B of market cap against $8.12B of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($57.29M in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.
Has ETH seen heavy liquidations lately?
Over the last 30 complete days, 35% of the ETH notional that got liquidated was long positions and 65% was shorts, so the pain has been mostly on the short side. The most recent 24-hour total ranks in the 84th percentile of the last 90 days, meaning today is unusually heavy for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.
ETH/USDT (ETHUSDT) perpetual futures shows a leverage-stress score of 0.178 out of 1.0 (low risk), $8.12B in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of -0.0025% as of Sep 15, 2026. These are diagnostic readings of market conditions, not a trade signal.