The futures open position of a token serves as a gauge for the total quantity of its futures contracts that are still active, regardless of whether they have been closed or not. An increase in this metric may indicate a growing number of market participants initiating new positions. Along with the rising open interest in HBAR, the funding rate on various cryptocurrency exchanges has consistently stayed in positive territory. This positive trend has persisted since May 3, marking the last instance when the altcoin experienced a negative funding rate. Funding rates play a crucial role in perpetual futures contracts by helping to maintain the contract price in proximity to the spot price.
