Binance had $31.305 billion in open perpetual futures positions, exceeding OKX and Gate combined by $17.553 billion and leaving a wide gap among the three exchanges in the ranking.
OKX recorded $7.177 billion in open interest, while Gate had $6.575 billion. Together, their totals reached $13.752 billion.
The ranking uses open interest, a dollar measure of outstanding perpetual positions. Each contract has a long side and a short side, leaving the total unable to indicate the market's overall direction.
