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Open interest in USDS — how much money sits in open futures positions on USDS 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 USDS

USDS is the stablecoin of the decentralized Sky ecosystem, designed to maintain a soft peg (a value intended to stay close) to the U.S. dollar. It functions as a versatile tool for decentralized finance (DeFi), allowing value to move through the system via peer-to-peer lending and saving without a middleman. The token is 'put to work' by being supplied to various protocol modules; for example, users can convert USDS into sUSDS to earn interest from protocol revenue or lock it to receive SKY governance tokens. As the ecosystem grows, this scales through "Sky Stars," which are semi-autonomous projects that expand the stablecoin’s utility into specialized areas like institutional credit and advanced lending.

Stablecoins, USD Stablecoin, Solana Ecosystem, Arbitrum Ecosystem

USDS arbitrage right now

About USDS open interest

What does open interest in USDS show?

The total of all open futures contracts on USDS. 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 USDS 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 USDS 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.