The open position of a token’s futures can indicate the overall quantity of its futures contracts that are still active, regardless of whether they have been closed. An increase in this open position may suggest that more traders are joining the market to initiate new positions. Along with the growing open interest in HBAR, the funding rate on various cryptocurrency exchanges has stayed positive. This pattern has persisted since May 3, the date when the altcoin last registered 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.
