ETH/USDT
Last updated: 11/2/2026, 4:00:55 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
Aggregated Open Interest (All Exchanges)
Risk Signals (Extra)
Liquidation history
Positioning summary
Of the ~500 Hyperliquid accounts we track, 48 hold ETH: $326.26M long across 22 positions and $649.26M short across 26 positions — net $323.00M short. The nearest tracked liquidation sits 13.9% above the $2284 Hyperliquid mark and would force-close $4.96M of short exposure. That is the 2026-11-02 13:00 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 | $2,306.89 | $2,306.89 | $2,306.89 |
| OI (USD) | $5.48B | $1.91B | $456.65M |
| OI share | 69.8% | 24.4% | 5.8% |
| OI (tokens) | 2,375,921 | 829,759 | 197,949 |
| Funding rate | -0.0028% | — | — |
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. These perpetuals trade alike, so their leverage tends to build and unwind the way ETH's does:
- SUI0.05-0.3%
- YGG0.05+0.3%
- VTHO0.05-0.4%
- BICO0.05-1.4%
- MASK0.05+0.6%
- ALGO0.02-0.2%
- ETHW0.02-0.1%
- UNI0.18+3.6%
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 13.9% above the $2284 Hyperliquid mark and would force-close $4.96M of short exposure. On the other side, $695.0K of longs liquidate 21.1% below that same mark. Across the exchanges we aggregate, $13.53M 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 $7.85B: $5.48B on Binance (70%), $1.91B on Bybit (24%) and $456.65M on KuCoin (6%). That position base is +2.1% over 24 hours and +0.3% over the last week. Open interest is 2.11× the pair's 24-hour volume, so positions are being held rather than churned.
What is ETH's funding rate?
Binance settles ETHUSDT funding at -0.0028% every 8 hours, which annualises to roughly -3.1%. 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 $0.84 a day to stay open.
Are whales long or short ETH?
Among the ~500 largest Hyperliquid accounts we track, 48 hold positions of $100k or more in ETH: $326.26M long across 22 and $649.26M short across 26 — a net $323.00M short. At the start of the tracked week that net figure was $98.46M 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 0.051 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 ($281.93B of market cap against $7.85B of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($13.53M 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, 73% of the ETH notional that got liquidated was long positions and 27% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 29th percentile of the last 90 days, meaning today is about normal 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 0.051 out of 1.0 (low risk), $7.85B in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of -0.0028% as of Nov 2, 2026. These are diagnostic readings of market conditions, not a trade signal.