The open position for a token’s futures can indicate the total quantity of its futures contracts that are still active, regardless of whether they have been closed. An increase in this open position may suggest a growing number of traders are joining the market to initiate new positions. Alongside the rising open interest of HBAR, the funding rate on various cryptocurrency exchanges has also stayed positive. This pattern has persisted since May 3, the date when the altcoin previously experienced a negative funding rate. Funding rates play a crucial role in perpetual futures contracts by ensuring that the contract price remains closely aligned with the spot price.
