Polygon Futures Open Interest Overview
Sharpe Terminal aggregates Polygon (MATIC) perpetual futures open interest data from Binance, Bybit, OKX, Deribit, Hyperliquid and eight additional exchanges into a single real-time chart. Compare exchange-level breakdowns, overlay price, and switch between 1W, 1M, 3M, 1Y and 3Y historical windows. Total USD value of outstanding perpetual futures contracts across exchanges. Derivatives traders use this view to confirm trend strength, spot crowded positioning, and pinpoint liquidation cascades before they ripple into spot.
About Polygon Futures
Polygon's futures market spans the legacy MATIC ticker and the new POL ticker post the September 2024 migration. Aggregate OI on MATIC/POL perps typically runs $150M-$500M, down sharply from the 2021 peak near $2B. Binance, Bybit, OKX, and Bitget clear the majority of the flow. Polygon funding is structurally negative more often than peers, reflecting persistent shorting against enterprise-announcement hype cycles that historically underdelivered. Long/short ratios on POL skew long on retail (>2x) but institutional proxies like CME have no POL product. Watch for OI expansion ahead of AggLayer milestone announcements and zkEVM proof-system upgrades — these are the cleanest POL-specific catalysts. Liquidation cascades have thinned since 2023 as the coin de-rated from top-10 to mid-cap status.
What Open Interest Measures
Open interest (OI) is the total notional USD value of outstanding perpetual futures contracts that have not yet been closed, liquidated, or settled. OI measures how much leverage is deployed in the market at a given instant — not how much has traded. Rising OI with rising price signals new leveraged longs entering; rising OI with flat or falling price signals short-side buildup and squeeze risk. Falling OI during a price move usually reflects position closures or forced liquidations rather than directional conviction. For top-10 coins, aggregate OI is typically 30-80% of spot market cap; ratios above 100% are rare outside of SOL and the memecoins.
How to Read Polygon Open Interest
Chart OI against price and overlay funding. OI-up/price-up is a confirmed trend; OI-up/price-flat is a squeeze in progress; OI-down/price-up usually marks the end of a move (shorts capitulating rather than longs adding). Stack OI by exchange to see which venue is driving the change — when OI grows on Hyperliquid or Bybit while Binance OI is flat, the move is retail-speculative rather than institutional. Divergences between OI and spot volume are late-cycle warnings worth taking seriously.
MATIC Open Interest Statistics
Use this page as the live MATIC open interest statistics view for perpetual futures. It is built for searches such as "Polygon futures open interest", "MATIC open interest chart", and exchange-level derivatives positioning queries.
MATIC Aggregated Open Interest Chart
The aggregated chart combines major derivatives venues into one Polygon futures view so changes in leverage, flow, basis, and liquidation pressure are easier to compare against spot price. This mirrors the winning Coinalyze and CoinGlass SERP pattern while keeping the live Sharpe terminal available on the same URL.
MATIC Open Interest Chart For Each Contract
Contract-level differences matter because Binance, Bybit, OKX, Deribit, Hyperliquid, and other venues can disagree before price moves. Use sibling futures metrics and the related coin pages below to move from one Polygon signal into the rest of the derivatives stack without starting a new search.