Edge or Not

Worldcoin open interest

Value of open WLD perpetual futures positions on Binance and Bybit in USD, next to price. Updated every 5 minutes.

Snapshot 22 Oct 2026, 03:50 UTC. Worldcoin open interest: $202.8M (Binance $110.0M, Bybit $92.8M). Over 24 hours it fell 7.6% while price fell 3.6%.

Updated 22 Oct 2026, 03:50 UTC
open interest, Binance + Bybit (left axis, not from zero)— price (right axis)
$202.8Mopen interest now
+0.25%change over 1 hour
-7.57%change over 24 hours
+28.27%change over 7 days

WLD on Edge or Not: liquidation heatmap · liquidations · liquidity heatmap · open interest · funding rate

How to read open interest with price

The usual reading combines the direction of open interest with the direction of price over the same period:

Open interestPriceCommon reading
upupnew longs are opening
updownnew shorts are opening
downupshorts are covering
downdownlongs are exiting or being liquidated
This is a convention, not a tested signal. Every new position has a buyer and a seller, so open interest cannot tell who was more aggressive - the table is a rule of thumb. We have not yet measured whether any of these combinations predicts the next move; until we publish that test, treat it as context. Our first test of a popular signal is here.

Where the numbers come from

New to open interest? Read what open interest is and how it differs from volume.

Binance publishes WLDUSDT open interest in USD every 5 minutes. Bybit publishes it in coins; we convert it at the close of the matching 5-minute candle. Other exchanges are not included yet, so the total is the part of the market on these two venues, not the whole market. History on this page goes back about 30 days.

FAQ

What is Worldcoin open interest?

The total value of WLD perpetual futures positions that are still open. Every contract has a long and a short side, so open interest counts each pair once. It grows when new positions open and falls when positions close or are liquidated.

What does a drop in open interest mean?

Positions were closed or liquidated. If price fell at the same time, longs were most likely exiting or being liquidated (see live liquidations); if price rose, shorts were most likely covering.

Is rising open interest bullish?

Not by itself. More open interest means more leverage, which can push a move further or unwind sharply. We have not tested it as a signal yet.