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Open interest in PERP — how much money sits in open futures positions on PERP and how it flows between exchanges. OI rising together with price means inflow; rising against price is a risk of reversal. The data ticks in real time across every exchange.

About Perpetual Protocol

Decentralized Exchange Dex Token, Defi, Derivatives, Scaling

About PERP open interest

What does open interest in PERP show?

The total of all open futures contracts on PERP. Rising — new money is entering the market; falling — positions are being closed. A sharp jump often precedes a strong move or a squeeze.

Why watch PERP OI?

OI diverging from price signals a possible reversal; overheating (too much leverage) raises the risk of cascading liquidations. OI migrating between exchanges shows where the interest is concentrating.

How do I get PERP OI alerts?

Add an Open Interest condition in the the builder with the mode you want (inflow / overheating / divergence) and a threshold — the notification arrives as a Telegram direct message.