USDC/USDT
Last updated: 11/2/2026, 4:34:18 AM
No data available
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
Binance's top traders by position size are 51.8% long and 48.2% short in USDCUSDT, a long/short ratio of 1.07. All accounts on the venue sit at 59.1% long, so the largest positions are leaning against the crowd. USDC has no Hyperliquid whale book, so these venue-wide ratios stand in for it; the interactive panel below reloads them on its own.
Open Interest
CoinalyzeFunding Rate
CoinalyzePer-exchange futures data▾
| Metric | Binance | Bybit | KuCoin |
|---|---|---|---|
| Price | $1.000443 | $1.0007 | $1.000443 |
| OI (USD) | $4.54M | $7.45M | $1.34M |
| OI share | 34.1% | 55.9% | 10.0% |
| OI (tokens) | 4,534,526 | 7,441,049 | 1,338,183 |
| Funding rate | -0.0036% | — | — |
A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.
External Data (CoinMarketCap & Coinalyze)
Other erratic movers
USDC sits in the erratic movers cohort. These perpetuals trade alike, so their leverage tends to build and unwind the way USDC's does:
- AIO0.29+2.2%
- APR0.72-2.0%
- CROSS0.02-0.6%
- DOGS0.14-2.0%
- INIT0.43-4.9%
- RECALL0.30-1.4%
- TRIA0.41-0.6%
- US0.45+1.1%
Stress score (0–1) and 24h price change, from the same daily sync as this page.
USDC perpetuals — common questions
Answered from this pair's current readings, refreshed with the daily sync.
How much open interest does USDC have right now?
Aggregated open interest in USDC perpetuals is $13.32M: $4.54M on Binance (34%), $7.45M on Bybit (56%) and $1.34M on KuCoin (10%). That position base is -1.8% over 24 hours and -17.4% over the last week. Open interest is 5.01× the pair's 24-hour volume, so positions are being held rather than churned.
What is USDC's funding rate?
Binance settles USDCUSDT funding at -0.0036% every 8 hours, which annualises to roughly -4.0%. 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 $1.08 a day to stay open.
Why doesn't USDC have a leverage-stress score?
The stress score only publishes when all three of its inputs are present — market cap versus open interest, the open-interest swing against funding, and 24-hour liquidation volume — and 24-hour liquidation volume is missing for USDCUSDT. We show no score rather than a score built on a zero. Everything else on this page ($13.32M of open interest, funding, price and positioning) is live and unaffected.
Has USDC seen heavy liquidations lately?
Over the last 30 complete days, 58% of the USDC notional that got liquidated was long positions and 42% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 0th percentile of the last 90 days, meaning today is unusually quiet for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.
How does USDC's open interest compare with its market cap?
USDC carries $71.39B of market cap against $13.32M of perpetual open interest — 5359.1 dollars of token value for every dollar of open position. The lower that ratio, the more of the asset is effectively being traded on leverage; below about 5 we treat a pair as crowded, and USDC at 5359.1 sits outside that zone.
Is USDC's positioning changing quickly?
USDC's pulse score is 0.175 out of 1.0 — a measure of how unusual its current open-interest, funding and volatility moves are against its own 90-day history, kept deliberately separate from the stress score. The readings behind it right now: open interest -1.8% in a day. At this level nothing unusual is happening yet.
USDC/USDT (USDCUSDT) perpetual futures shows $13.32M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of -0.0036% as of Nov 2, 2026. These are diagnostic readings of market conditions, not a trade signal.