One market on its own, SOL on Jupiter Perps, holds $30.0M of open positions. That's more than Phoenix holds across all of its markets ($23.3M), and well above Bullet ($4.2M) and Velocity ($115K).

Across six venues and 290 markets, Solana's perp board kept $222.3M open on Nov 4, against $1.81B traded over the 24 hours. GM Trade leads with $91.5M (41.2%), ahead of Pacifica at $57.1M (25.7%) and Jupiter Perps at $46.1M (20.7%).

Keeping that SOL position open on Jupiter cost an hourly borrow fee of +0.0016%, the fee the venue charges open positions where other venues use funding.