OKX holds the largest exchange insurance fund on Oct 11 at $3.03B, out of $7.68B across the 10 venues we cover. An insurance fund is the cash an exchange keeps to pay for liquidations that close below the bankruptcy price, so it is the buffer between a bad liquidation and other traders.
The combined total was +0.06% over 24 hours, or +$4.9M, and -0.92% over 7 days. Paradex moved most, at -0.53%, on a fund of $371K.
Together the funds equal 16.09% of perpetual open interest on the coins we track, meaning the money in open leveraged bets. OKX's fund covers 58.69% of its own, Crypto.com's 0.75%. These are balances the venues report, not audits.
The combined total was +0.06% over 24 hours, or +$4.9M, and -0.92% over 7 days. Paradex moved most, at -0.53%, on a fund of $371K.
Together the funds equal 16.09% of perpetual open interest on the coins we track, meaning the money in open leveraged bets. OKX's fund covers 58.69% of its own, Crypto.com's 0.75%. These are balances the venues report, not audits.