Positioning · CoinScreener

Crowding Index

0.64

Leaning long

Middle of 47 contracts, each ranked against its own funding history.

Down from 0.67 a week ago.

Sep 5Sep 15Sep 25Oct 5

Dashed line is 0.5 — the market’s own usual.

What is behind the move

Open interest rising

Open interest falling

Price up

Price down

5 contracts moved too little in either to read a direction — 7% of turnover.

Most expensive to hold

Longs paying up

Expensive to stay long, and heavily positioned.

No contract clears the bar on this bar. That is the usual answer.

Shorts paying up

Expensive to stay short, and heavily positioned.

QNTUSDT441.8% a yearOI z +1.9crowded 16h
GTCUSDT121.2% a yearOI z +6.6crowded 8h
AXSUSDT24.6% a yearOI z +2.8crowded 16h
SANDUSDT82.3% a yearOI z +2.6crowded 8h
AAVEUSDT1.9% a yearOI z +2.0crowded 8h
COLLECTUSDT11.0% a yearOI z +1.8crowded 4h

Crowded is a statement about cost, not about direction. Over 750 days, contracts in this state went on to do about 0.4% worse than the rest of the market over the following week — measured before any fee, and far too small to trade on its own.

Every contract scored

Perpetual contracts ranked by how much more than the market they are paying, with annualised funding, position in their own funding history, open interest z-score, 24-hour price change and what that combination means. A heading carrying an information button explains what its column is on hover, on focus, or when the button is pressed.
Market	Funding / yr	vs market	Own history	OI z	24h	Open interest	Reading
LYNUSDT	+296.7%	+0.36	0.99	+3.2	+1.0%	$11M	New longs
ETHUSDT	+11.0%	+0.33	0.97	+1.3	+0.8%	$6.3B	New longs
AINUSDT	+265.2%	+0.32	0.96	+3.5	+20.0%	$21M	New longs
XRPUSDT	+11.0%	+0.30	0.94	+0.6	+1.5%	$482M	New longs
BNBUSDT	+11.4%	+0.26	0.90	+1.2	+1.0%	$487M	New longs
DOGEUSDT	+11.0%	+0.23	0.86	+1.2	+3.5%	$298M	New longs
FETUSDT	+11.0%	+0.22	0.86	+3.2	+17.1%	$43M	New longs
ZECUSDT	+11.0%	+0.21	0.85	−0.3	+1.9%	$644M	New longs
XLMUSDT	+11.0%	+0.20	0.84	+1.1	+4.8%	$57M	New longs
ADAUSDT	+11.0%	+0.20	0.83	+2.7	+10.6%	$119M	New longs
DOTUSDT	+11.0%	+0.19	0.83	−0.1	+3.4%	$40M	New longs
UNIUSDT	+11.0%	+0.19	0.83	+1.1	+0.9%	$261M	New longs
BCHUSDT	+10.7%	+0.19	0.82	+0.6	+1.0%	$118M	New longs
TRUMPUSDT	+11.0%	+0.19	0.82	+0.5	+1.7%	$62M	New longs
ONDOUSDT	+11.0%	+0.14	0.77	+0.6	+0.7%	$75M	New longs
1000PEPEUSDT	+11.0%	+0.13	0.77	+0.3	+3.9%	$86M	New longs
ENAUSDT	+11.0%	+0.08	0.72	+0.8	+0.8%	$138M	New longs
BTCUSDT	+7.3%	+0.08	0.72	+0.4	+1.5%	$8.5B	New longs
PENGUUSDT	+11.0%	+0.08	0.71	+1.0	+7.0%	$36M	New longs
HYPEUSDT	+11.0%	+0.06	0.69	+0.2	+0.6%	$371M	Unchanged
ARBUSDT	+8.8%	+0.06	0.69	+0.3	+0.5%	$60M	Short covering
TAOUSDT	+11.0%	+0.02	0.66	+0.6	−1.2%	$83M	New shorts
STRKUSDT	+11.0%	+0.01	0.64	+3.8	+13.9%	$25M	New longs
SOLUSDT	+4.6%	+0.00	0.64	+1.6	−0.3%	$1.0B	Unchanged
PONSUSDT	+46.2%	−0.03	0.61	+0.0	−3.8%	$38M	New shorts
ZROUSDT	+11.0%	−0.06	0.58	+2.4	−5.7%	$49M	Long liquidation
SUIUSDT	+5.9%	−0.07	0.56	+1.5	+4.6%	$166M	New longs
NEARUSDT	+8.6%	−0.09	0.54	+1.2	+0.7%	$271M	New longs
MUBARAKUSDT	+11.0%	−0.12	0.51	+1.4	+4.8%	$27M	New longs
ATHUSDT	+11.0%	−0.12	0.51	+2.4	+4.6%	$5M	New longs
BEAMXUSDT	+11.0%	−0.14	0.50	+3.7	+10.1%	$11M	New longs
WLDUSDT	+0.4%	−0.14	0.50	+1.9	−3.2%	$133M	Long liquidation
LTCUSDT	+3.0%	−0.22	0.42	+0.7	−0.4%	$101M	Unchanged
龙虾USDT	+13.4%	−0.32	0.31	−0.9	−15.7%	$24M	Long liquidation
BRUSDT	+11.0%	−0.34	0.29	−0.9	−16.8%	$10M	Long liquidation
PUMPUSDT	+4.0%	−0.36	0.28	+2.9	−0.1%	$143M	Unchanged
COLLECTUSDT	+11.0%	−0.41	0.23	+1.8	+8.2%	$7M	New longs
LINKUSDT	+1.6%	−0.42	0.22	+0.9	+0.9%	$135M	Unchanged
AAVEUSDT	−1.9%	−0.45	0.19	+2.0	−1.0%	$85M	Long liquidation
AVAXUSDT	−3.7%	−0.48	0.16	+0.8	−0.9%	$111M	Long liquidation
SANDUSDT	−82.3%	−0.56	0.07	+2.6	−6.1%	$27M	Long liquidation
MOVRUSDT	−6.1%	−0.57	0.06	+0.9	−7.5%	$9M	Long liquidation
GTCUSDT	−121.2%	−0.61	0.03	+6.6	+66.5%	$10M	New longs
BTWUSDT	+11.0%	−0.61	0.03	−0.3	+30.2%	$103M	New longs
AXSUSDT	−24.6%	−0.61	0.03	+2.8	−1.0%	$10M	New shorts
USUSDT	−8.6%	−0.63	0.01	−0.6	−32.5%	$10M	Long liquidation
QNTUSDT	−441.8%	−0.64	0.00	+1.9	−7.4%	$51M	Long liquidation

How this reading was made

Crowding index: 0.64
Dispersion: 0.32
Market OI z: +1.13
Contracts scored: 47
Universe coverage: 100%
Computed: Oct 5, 04:24 UTC