The open position of a token’s futures can indicate the total count of its outstanding futures contracts, whether they have been closed or not. An increase in this open position may suggest a growing number of market participants are entering to establish new positions. Along with HBAR’s rising open interest, the funding rate on various cryptocurrency exchanges has continued to be positive. This positive trend has persisted since May 3, which was the last time 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.
