Open Interest Rank
The Open Interest Rank indicator classifies the top perpetual swaps contracts, sorted by the aggregate dollar amount in outstanding positions in the last 24-hours.
Open Interest Rank for Ethereum perpetual swaps
The Open Interest Rank is helpful to measure the top perpetual swaps contracts in terms of open positions. This indicator denotes the dominance of the top exchanges and their contracts. It is also useful for traders looking to open a position, as in general higher open interest points to greater liquidity which can be beneficial for traders.