Positioning · CoinScreener

Crowding Index

0.63

Leaning long

Middle of 58 contracts, each ranked against its own funding history.

Down from 0.78 a week ago.

Aug 31Sep 9Sep 20Sep 30

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

10 contracts moved too little in either to read a direction — 34% 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.

MOVRUSDT92.0% a yearOI z +21.7crowded 4h
NMRUSDT216.3% a yearOI z +3.7crowded a day
QNTUSDT10.8% a yearOI z +3.6new this bar
ASTERUSDT6.8% a yearOI z +1.1new this bar
HBARUSDT2.2% a yearOI z +3.0new this bar
AAVEUSDT1.3% a yearOI z +2.7new this bar

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
GRASSUSDT	+15.9%	+0.35	0.98	+3.9	+1.2%	$21M	New longs
INJUSDT	+11.0%	+0.30	0.93	+0.2	+0.7%	$30M	Short covering
BCHUSDT	+11.0%	+0.28	0.91	+0.6	−1.0%	$114M	Long liquidation
USELESSUSDT	+21.1%	+0.27	0.90	−0.7	+1.6%	$19M	Short covering
USUSDT	+95.2%	+0.26	0.89	+1.4	−22.9%	$15M	Long liquidation
ICPUSDT	+11.0%	+0.24	0.87	+2.7	+2.5%	$35M	New longs
FETUSDT	+11.0%	+0.24	0.87	+1.6	−4.7%	$34M	New shorts
PAXGUSDT	+11.0%	+0.23	0.86	+2.0	+1.2%	$103M	Short covering
ZECUSDT	+11.0%	+0.23	0.86	−0.1	−0.7%	$631M	Long liquidation
TRUMPUSDT	+11.0%	+0.21	0.84	+0.1	+1.0%	$60M	New longs
DOTUSDT	+11.0%	+0.21	0.84	−0.1	+0.2%	$38M	Unchanged
UNIUSDT	+11.0%	+0.20	0.83	+1.0	−1.3%	$239M	Unchanged
ESPORTSUSDT	+200.6%	+0.20	0.83	+0.8	+5.2%	$7M	New longs
CRVUSDT	+11.0%	+0.19	0.82	+3.1	−1.5%	$31M	Long liquidation
1000BONKUSDT	+11.0%	+0.16	0.79	+1.8	+4.8%	$18M	New longs
DASHUSDT	+11.0%	+0.16	0.79	−0.3	−0.6%	$27M	Long liquidation
SOONUSDT	+40.9%	+0.16	0.79	+5.2	+37.0%	$29M	New longs
1000PEPEUSDT	+11.0%	+0.14	0.77	+0.6	+0.7%	$89M	Unchanged
BNBUSDT	+6.9%	+0.13	0.76	−0.4	−0.8%	$443M	Unchanged
PUMPUSDT	+11.0%	+0.12	0.75	+2.6	+15.0%	$117M	New longs
PENGUUSDT	+11.0%	+0.10	0.73	+1.1	+3.1%	$36M	New longs
CELOUSDT	+11.0%	+0.09	0.72	+3.9	−5.2%	$4M	New shorts
XPLUSDT	+11.0%	+0.09	0.72	+0.7	−4.9%	$48M	Long liquidation
ENAUSDT	+11.0%	+0.08	0.71	+1.3	−1.3%	$142M	Unchanged
WLDUSDT	+5.7%	+0.06	0.69	+1.2	−0.2%	$101M	Unchanged
DOGEUSDT	+9.5%	+0.05	0.69	+1.0	−1.3%	$284M	Long liquidation
0GUSDT	+11.0%	+0.01	0.65	+4.6	+19.0%	$16M	New longs
ARBUSDT	+7.2%	+0.01	0.64	+0.6	−0.5%	$60M	Unchanged
ETHFIUSDT	+11.0%	+0.00	0.63	+0.8	+5.9%	$28M	New longs
ETHUSDT	+5.3%	−0.00	0.63	+0.8	−1.4%	$6.1B	Long liquidation
LTCUSDT	+6.2%	−0.01	0.62	+0.8	−2.8%	$98M	Long liquidation
AVAXUSDT	+6.4%	−0.03	0.61	+1.5	−3.0%	$121M	Long liquidation
PHAUSDT	+11.0%	−0.03	0.60	+1.7	+15.2%	$9M	New longs
NEARUSDT	+10.8%	−0.04	0.60	+1.4	+6.5%	$256M	New longs
LITUSDT	+11.0%	−0.04	0.59	−1.8	−15.1%	$64M	Long liquidation
ZROUSDT	+11.0%	−0.05	0.58	+2.6	+15.2%	$37M	New longs
ADAUSDT	+7.1%	−0.06	0.57	+0.7	−3.0%	$95M	Long liquidation
SUIUSDT	+5.6%	−0.08	0.55	+1.4	+1.1%	$155M	Short covering
XLMUSDT	+5.6%	−0.09	0.54	+1.8	−2.5%	$60M	Long liquidation
FILUSDT	+5.7%	−0.16	0.48	+0.4	+0.2%	$53M	Unchanged
XRPUSDT	+0.5%	−0.17	0.46	+0.6	−0.5%	$477M	Unchanged
SOLUSDT	+0.8%	−0.19	0.44	+1.2	−0.9%	$978M	Long liquidation
LINKUSDT	+4.6%	−0.21	0.42	+1.5	−5.9%	$138M	Long liquidation
APTUSDT	+0.7%	−0.22	0.42	+0.9	−6.0%	$27M	Long liquidation
ONDOUSDT	+3.6%	−0.27	0.37	+1.3	−5.1%	$85M	Long liquidation
PONSUSDT	+30.1%	−0.27	0.36	+0.8	+0.9%	$44M	New longs
MARSCOINUSDT	+11.0%	−0.28	0.35	+0.0	−8.6%	$24M	Long liquidation
TAOUSDT	+6.0%	−0.38	0.25	+0.4	−4.0%	$78M	Long liquidation
AAVEUSDT	−1.3%	−0.42	0.22	+2.7	−2.8%	$76M	New shorts
HBARUSDT	−2.2%	−0.46	0.18	+3.0	−9.3%	$53M	Long liquidation
龙虾USDT	+11.0%	−0.46	0.17	−1.3	−32.2%	$19M	Long liquidation
BTCUSDT	−0.9%	−0.48	0.15	−1.5	−0.8%	$7.8B	Unchanged
QNTUSDT	−10.8%	−0.54	0.10	+3.6	+8.1%	$50M	New longs
HYPEUSDT	−6.5%	−0.54	0.10	+0.9	−2.7%	$392M	New shorts
ASTERUSDT	+6.8%	−0.54	0.10	+1.1	+5.8%	$96M	New longs
BTWUSDT	+11.0%	−0.61	0.02	+0.4	−13.9%	$113M	Long liquidation
NMRUSDT	−216.3%	−0.62	0.02	+3.7	−8.4%	$8M	Long liquidation
MOVRUSDT	−92.0%	−0.63	0.00	+21.7	+72.6%	$12M	New longs

How this reading was made

Crowding index: 0.63
Dispersion: 0.28
Market OI z: +1.06
Contracts scored: 58
Universe coverage: 100%
Computed: Sep 30, 08:24 UTC