Bottom line: KAVA open interest is still rising, but longs aren’t placing a unified bet. Binance traders are adding positions, while Bybit traders are pulling back—so be cautious about chasing longs.
KAVA’s total futures open interest is about $13.75 million, up 1.62% over 24 hours. Binance accounts for $9.08 million, up 2.12%, while Bybit has $1.06 million, down 0.46%. One exchange is adding positions while the other is reducing them, suggesting that capital isn’t moving decisively in a single direction.
Funding rates are positive on both exchanges: Binance is at 0.005%, and Bybit at 0.01%. A positive funding rate means longs pay shorts, so shorts receive the payments. Longs on Bybit are paying a higher rate. With open interest rising while longs keep paying funding, don’t assume the market is bullish just because “some traders are adding positions.”
Will you add to your position along with Binance, or wait until the two exchanges agree on a direction?
View in real time: https://www.coinboss.com/currencies/KAVA