The open position of a token’s futures serves as an indicator of the total quantity of its futures contracts that are still active, regardless of whether they have been closed or not. A rise in this metric may suggest a growing number of traders are joining the market to initiate new positions. Alongside the escalating open interest in HBAR, the funding rate on various cryptocurrency exchanges has consistently stayed positive. This pattern has persisted since May 3, the date when the altcoin previously registered 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.