Aperiodic/

marketsEvery perp on Binance, OKX and HyperliquidliquidityOpen interest, volume and depth, coin by coinunusual activityThe perps acting least like their own day
Where the liquidity in crypto perpetuals sits: open interest, volume and resting order-book depth on Binance, OKX and Hyperliquid, added up by venue, by hour and by coin. 15 minutes behind.

Every number here is 15 minutes behind

5m bar 00:40–00:45 UTC · 1,674 perpetuals

Free, from Aperiodic's own data: open interest, volume and resting depth, added up by venue, by hour and by coin.

Open interest$46.14B-5.11% 24h
Volume 24h$120.85B
Order books$361.5M≈ $35.2M per bp
Book turnover334×/daythe book trades every 4 min
OI ÷ depth128×books of open positions
Holding time9.2 hOI ÷ hourly volume

What stands out · last 24 h

  • Hyperliquid holds 27% of open interest but trades 11% of the volume: a position there stays open about 23 h, against 8.2 h on Binance.
  • OKX trades through its resting book 441× a day, Hyperliquid 122×: the same dollar of depth works 3.6× harder on OKX.
  • Measured per basis point of price instead of per 20 levels, Binance's share of depth falls from 52% to 46% and Hyperliquid's rises from 29% to 36%: coarser ticks spread the same 20 levels wider.
  • The busiest hour was 14:45–15:45 UTC: $12.60B traded, 3.4× the median hour.
VenuesBINOKXHL
Open interest$46.14B
BIN 57%
HL 27%
Volume 24h$120.85B
BIN 64%
OKX 25%
Depth, 20 levels$361.5M
BIN 52%
OKX 19%
HL 29%
Depth per bp ≈$35.2M
BIN 46%
OKX 17%
HL 36%
VenueOIVol 24hDepthTurnsOI÷depthHold
BIN$26.44B$77.67B$186.6M416×142×8.2 h
OKX$7.34B$30.18B$68.5M441×107×5.8 h
HL$12.36B$13.01B$106.4M122×116×23 h
open_interest · ohlcv · l2_liquidity5m bars · 15 min behind
Liquidity by hourvenueshow
0$7.5B$15B00:4503:4506:4509:4512:4515:4518:4521:45
ohlcv · open_interest · l2_liquidity5m bars · 15 min behind
Liquidity map
$100M$1B$10B$10K$100K$1M$10MBTCETHSOLZECSOXL10×100×1,000×10,000×
ohlcv · open_interest · l2_liquidity5m bars · 15 min behind
Open interest on the book
open_interest · l2_liquidity5m bars · 15 min behind

All coins983 coins · 3 venues

#CoinDepth by venue
1BTC$39.55B$14.11B-3.44%$16.7M$12.0M0.0152,373×847×
2ETH$23.13B$9.88B+0.13%$21.3M$3.9M0.0521,084×463×
3SOXL$6.55B$242.3M-13.38%$5.0M$158.7K1.571,316×49×
4ZEC$3.89B$925.7M-2.78%$316.7K$142.7K0.1112,271×2,923×
5SOL$3.73B$1.46B-2.41%$25.0M$1.3M0.13149×58×
6SNDK$3.22B$316.7M+6.57%$3.6M$223.1K0.11885×87×
7NVDA$2.70B$463.1M+10.13%$1.8M$151.7K0.611,461×250×
8XAU$2.35B$680.1M-8.07%$2.9M$1.7M0.026812×235×
9AKE$1.75B$61.0M+1.34%$25.1K$4642.1369,763×2,426×
10SPCX$1.74B$428.8M-2.40%$3.3M$228.7K0.71534×131×
11HYPE$1.59B$2.03B-1.49%$353.9K$127.9K0.144,498×5,736×
12XRP$1.31B$515.1M-2.49%$13.6M$694.0K0.9897×38×
13SKHYNIX$1.15B$343.0M+8.66%$642.0K$56.1K0.111,796×534×
14SOXS$1.03B$50.4M-0.81%$1.1M$26.3K2.12919×45×
15MU$939.6M$155.4M-4.42%$172.8K$67.8K0.135,437×899×
16KORU$793.4M$64.0M+1.82%$11.8M$54.1K1.2867×5.4×
17XAG$782.0M$270.1M+3.63%$8.3M$206.5K2.0095×33×
18XYZ:NVDA$751.5M$391.9M-6.13%$4.6M$373.7K0.61164×85×
19BNB$731.5M$476.4M+1.35%$716.3K$161.0K0.161,021×665×
20PEPE$685.2M$127.6M-1.38%$121.1K$21.9K0.225,657×1,054×
21BARD$680.0M$13.0M+5.70%$627.0K$4.4K7.131,084×21×
22NEAR$667.9M$361.0M+0.07%$5.9M$141.9K0.29113×61×
23DOGE$654.5M$303.0M-3.09%$9.2M$323.6K0.4671×33×
24CL$653.0M$197.9M+0.81%$4.7M$205.4K1.14139×42×
25XYZ:XYZ100$548.7M$285.6M+24.55%$3.7M$524.9K0.35147×77×
26XYZ:SP500$548.4M$474.5M-0.90%$6.8M$2.6M0.1381×70×
27BZ$522.1M$174.2M-10.63%$3.2M$149.0K1.07164×55×
28QQQ$484.3M$122.0M-6.53%$803.7K$276.2K0.15603×152×
29SKHY$435.1M$171.5M-3.04%$837.2K$56.3K0.74520×205×
30SNXX$423.4M$26.5M+4.24%$1.3M$25.0K2.58327×20×
31MSTR$367.6M$83.0M-2.19%$1.1M$61.6K0.90333×75×
32UNI$347.8M$208.3M-3.36%$3.6M$105.0K1.0497×58×
33AMD$334.7M$44.7M-20.39%$58.4K$12.9K0.195,731×765×
34ENA$295.9M$130.8M-2.54%$706.6K$35.5K0.73419×185×
35SUI$291.6M$133.2M-0.22%$4.2M$166.9K1.1070×32×
36XYZ:SOXL$283.2M$21.9M-25.21%$154.4K$6.4K1.201,834×142×
37GOOGL$273.9M$182.9M-5.99%$540.7K$81.2K0.33507×338×
38NBIS$242.8M$79.2M+19.59%$189.9K$9.1K0.881,279×417×
39TQQQ$237.4M$33.7M-9.90%$793.0K$23.6K1.68299×43×
40TSLA$235.8M$68.9M-1.10%$189.6K$37.6K0.251,244×363×
41PUMP$235.6M$125.8M+0.68%$5.0M$86.8K2.9047×25×
42ADA$233.9M$111.1M+0.92%$13.1M$122.2K2.3418×8.5×
43SHELL$221.2M$8.1M+175.87%$60.4K$4875.163,662×134×
44XYZ:SKHX$217.5M$275.3M+0.83%$144.2K$11.0K0.651,508×1,909×
45WLD$202.0M$116.6M-5.12%$4.3M$66.2K1.3647×27×
46XYZ:SNDK$200.0M$94.4M+3.61%$241.9K$21.0K0.57827×390×
47LINK$198.3M$147.6M-0.36%$1.9M$93.3K1.01103×76×
48INJ$197.3M$51.5M+16.93%$931.0K$33.6K1.27212×55×
49INTC$197.1M$115.3M-2.35%$2.1M$62.3K1.6596×56×
50AVAX$193.1M$114.1M-3.20%$2.2M$89.8K1.2089×52×
51CRCL$190.0M$108.5M+0.71%$1.4M$44.8K1.59133×76×
52SPY$182.3M$51.8M+7.92%$686.2K$260.1K0.13266×76×
53LIT$173.4M$177.9M-1.06%$73.1K$4.4K0.312,373×2,434×
54MUU$169.4M$7.6M+13.63%$1.7M$15.5K5.6597×4.4×
55SAMSUNG$166.0M$29.9M+10.51%$231.3K$17.8K0.65718×129×
56JCT$164.0M$13.0M+19.67%$102.8K$1.1K4.761,595×126×
57AAVE$161.4M$104.1M-3.22%$1.1M$55.1K0.90145×93×
58INIT$161.3M$12.2M-5.57%$53.8K$1.1K1.702,997×227×
59IDOL$150.8M$15.2M+3.77%$5.6K$833.3926,924×2,722×
60DRAM$146.9M$32.1M-4.35%$2.7M$57.3K2.3255×12×
61TAO$145.9M$91.1M-1.67%$375.7K$20.3K0.47388×243×
62XYZ:SPCX$144.0M$122.2M-7.33%$2.1M$147.1K0.7169×58×
63XMR$142.4M$164.7M-10.30%$55.6K$5.0K0.192,560×2,960×
64SOPH$141.2M$8.1M+37.38%$307.1K$1.7K6.17460×26×
65CBRS$140.3M$12.7M-3.86%$69.6K$2.0K1.712,017×182×
66XYZ:SILVER$138.0M$153.8M-15.26%$198.3K$48.5K0.20696×776×
67AGT$137.1M$21.0M-14.17%$24.6K$3563.465,574×856×
68BCH$128.6M$88.3M-0.45%$279.9K$20.1K0.45460×315×
69TRUMP$125.7M$47.9M-7.75%$7.8M$45.7K2.7216×6.1×
70ARB$125.7M$68.6M+4.16%$500.2K$22.6K0.69251×137×
71LTC$122.8M$109.8M-0.49%$4.7M$119.9K1.2326×23×
72ARIA$117.8M$20.5M+1.70%$6.4K$1063.0418,322×3,191×
73BTW$112.5M$16.0M+11.32%$17.0K$2842.446,616×938×
74FIL$108.9M$58.6M+3.62%$1.5M$50.1K1.3874×40×
75XYZ:BRENTOIL$107.8M$299.0M-4.43%$156.7K$36.6K0.21688×1,908×
76EWY$107.2M$29.6M-1.07%$619.1K$44.6K0.69173×48×
77XYZ:MU$102.9M$147.0M-4.78%$160.8K$10.9K0.74640×914×
78MRVL$101.9M$22.7M+3.27%$150.7K$8.9K0.65676×151×
79CRWV$101.5M$19.4M+3.82%$624.9K$15.1K1.81162×31×
80XYZ:AMD$99.4M$40.9M-34.20%$170.6K$8.9K0.96582×240×
81LITE$93.5M$14.3M-7.73%$21.9K$1.4K0.654,270×654×
82XYZ:DRAM$93.4M$67.4M-7.97%$386.3K$16.6K1.16242×174×
83XYZ:CL$92.8M$144.2M-16.64%$236.7K$51.8K0.23392×609×
84NATGAS$92.5M$23.4M-14.15%$845.8K$15.6K2.72109×28×
85ONDO$89.6M$55.2M-1.10%$2.1M$36.7K2.5842×26×
86TIA$88.8M$24.9M-3.38%$689.8K$13.1K2.43129×36×
87PAXG$84.3M$116.1M-0.13%$334.1K$307.4K0.026252×348×
88KGEN$82.0M$4.9M-8.94%$21.6K$3332.683,794×227×
89ANTHROPIC$81.6M$137.4M-0.09%$53.4K$2.7K0.371,529×2,573×
90AAPL$79.0M$76.5M+4.58%$321.3K$57.3K0.28246×238×
91ZHONGJI$77.7M$10.6M+23.05%$101.9K$3.0K1.39763×104×
92BULLA$73.5M$4.3M+27.39%$16.1K$1276.344,554×265×
93ZRO$70.6M$77.0M+2.30%$130.8K$3.3K0.64540×589×
94XLM$69.5M$46.9M-3.33%$589.7K$32.2K0.68118×80×
95SQQQ$68.3M$12.3M+10.52%$572.2K$11.8K2.42119×22×
96XYZ:SKHY$67.7M$111.3M-1.14%$614.1K$40.1K0.77110×181×
97UNITREE$65.7M$25.4M-4.76%$169.8K$8.7K0.97387×149×
98COIN$63.5M$20.0M-3.83%$187.3K$9.8K0.78339×107×
99PONS$63.4M$27.7M-3.24%$457.9K$3.3K6.68138×61×
100AAOI$63.2M$16.3M+2.66%$180.1K$4.6K1.91351×90×

PARA:SMH

1 contract
OI
$67.9K
OI 24h
-20.01%
Vol 24h
$52.6K
Depth
$388.8K
Depth /bp ≈
$1.0K
Best spread
18.8
Turnover
0.1×/d
OI ÷ depth
0.2×

Where it trades

Open interest$67.9K
HL 100%
Volume 24h$52.6K
HL 100%
Depth, 20 levels$388.8K
HL 100%
Depth per bp ≈$1.0K
HL 100%

Where to trade it

Most depth per bp
HL USDC$1.0K/bp
Most depth, 20 levels
HL USDC$388.8K
Tightest spread
HL USDC18.8 bps
Most volume
HL USDC$52.6K

Hyperliquid USDC leads on every measure here.

By hour, last day

show

Contracts

ContractOIVol 24hDepthBid | askSpread/bp ≈
HLUSDC$67.9K$52.6K$388.8K18.8$1.0K

Bold is the best on each measure. Spread is the day's median; /bp is an estimate, depth over 20 levels × the spread.

PARA:SMH on the markets dashboard: price, funding, open interest and order flow, contract by contract →

Ask your agent where and when PARA:SMH is cheapest to trade. Start in Claude · Claude Code · Codex · See the prompt

/ search↵ open coinesc close1–3 venue? how it is measuredEvery number is from Aperiodic's own 5m bars, 15 minutes behind.