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Markov

SOL · Open interest · Live

SOL open interest chart, live

Open interest is the total size of Solana futures positions still open, and every long has a matching short. Markov reads SOL open interest from Hyperliquid in USD (contracts × mark price), about once a second.

Open chart

SOL open interest, resting liquidity and whale prints on one live chart. Free with an account, no card.

SOL open interest, explained

  • Measured
  • Source: Hyperliquid
  • Freshness: About once a second

Reading it with price

Tendencies, not rules:

  • Price up, open interest up: new positions are opening into the move.
  • Price up, open interest down: positions are closing, often shorts covering.
  • Price down, open interest up: new positions are opening into the drop, often shorts.
  • Price down, open interest down: longs are exiting or being liquidated.

What it can't tell you

Open interest says how much is at stake, not who holds which side or where they entered.


Glossary: open interest, perpetual futures (perps). See the data sources. Research tools and education, not financial advice.

Questions.

Is this total SOL open interest across all exchanges?

No. It is Hyperliquid's only. Venues count contracts differently, so totals don't add up cleanly.

Why does SOL open interest drop during a sell-off?

Positions close: exits, stops and liquidations. The liquidation feed shows how much of the drop was forced.

How often does SOL open interest update here?

About once a second on this page. On the chart it is sampled every 30 seconds, with stored samples before that on paid plans (a free account sees the last 8 hours on 5m).