ON (ON) funding rate, open interest and liquidations — all exchanges

Updated: Oct 28, 2026, 7:58 PM

What the ON funding rate says now

Funding is positive (+0.0099% per 8 hours): longs pay shorts. Buyers with leverage dominate; the more it rises, the more expensive it is to hold a long and the more fuel there is for a long squeeze.

Across exchanges funding ranges by 0.0100%: highest on binance, lowest on bybit. One exchange alone would show you only part of this picture.

ON open interest and liquidations

Open interest across exchanges is $13.0M (+59.3% in 24 hours). Over the last 24 hours $302K of longs and $149K of shorts were liquidated. Rising open interest with price means new positions are joining the move; falling open interest means positions are closing.

ON order book depth

Within ±1% of the price there are $2.5M of bids and $3.7M of asks summed across all exchanges. Large walls and liquidation clusters are visible in the aggregated order book and on the chart.

Why one number for all exchanges

Funding, open interest and liquidations differ from exchange to exchange, and most sites show one exchange at a time. AggPro sums them: funding is weighted by each exchange's open interest, liquidations and open interest are totals. Not investment advice.