How much do exchanges hold to cover bankrupt liquidations?
When a leveraged position is liquidated below its bankruptcy price, the loss is paid from the exchange's insurance fund; when the fund cannot pay, the exchange cuts winning positions instead (auto-deleveraging). Every hour we read the funds Binance, Bybit, OKX and Gate publish, pool by pool, value them in dollars and keep the daily record.
Exchanges hold $6.99B to cover liquidations that go bankrupt; the 24-hour comparison starts after the first day of readings.
Which exchange holds the largest fund?
The whole fund per venue in dollars, now. OKX publishes one venue-wide total; the other venues publish pools that we add up.
Is any fund shrinking?
One close per UTC day and venue. A fund that steps down during a crash is doing its job; a fund that keeps sliding on quiet days is the question worth asking.
Gate publishes its own daily history, so its line starts earlier; the other venues start with our first reading.
Last 30 days shown. A Terminal membership opens 90 days and the full daily record.
Full history is a member feature. 90-day and full daily history of every fund is part of the Terminal membership.
Unlock full depth →Fund against open interest
Size alone says little: a fund protects the positions open on that venue.
| Venue | Fund (USD) | 24h | 7d | Open interest | Fund vs OI | Pools | Read at (UTC) |
|---|---|---|---|---|---|---|---|
| OKX · published total · not priced: ETC | $3.11B | - | - | $5.61B | 55.41% | 67 | 09-23 02:00 |
| Binance | $2.41B | - | - | $20.67B | 11.64% | 123 | 09-23 02:00 |
| Bybit | $1.21B | - | - | $10.75B | 11.27% | 76 | 09-23 02:00 |
| Gate | $262.1M | - | - | $5.54B | 4.73% | 2 | 09-23 02:00 |
Fund vs open interest = the insurance fund in dollars divided by the venue's perpetual open interest on the 30 coins we track, in percent.
Every pool, every venue
Binance and Bybit split their funds into pools, each covering a group of contracts; OKX publishes one balance per instrument family; Gate one balance per settle currency.
OKX · $3.11B · 67 pools
| Pool | Asset | Balance | USD | Contracts |
|---|---|---|---|---|
| BTC-USDT | USDT | 88,344,000 USDT | $88.3M | 1 |
| ETH-USDT | USDT | 58,572,883 USDT | $58.6M | 1 |
| DOGE-USDT | USDT | 53,280,089 USDT | $53.3M | 1 |
| FUTURES:BTC-USD | BTC | 460.003 BTC | $39.8M | - |
| BTC-USD | BTC | 349.485 BTC | $30.3M | 1 |
| XRP-USDT | USDT | 27,383,818 USDT | $27.4M | 1 |
| PEPE-USDT | USDT | 22,385,657 USDT | $22.4M | 1 |
| XRP-USD | XRP | 10,230,574 XRP | $16.3M | 1 |
| SOL-USDT | USDT | 16,029,249 USDT | $16.0M | 1 |
| FUTURES:ETH-USD | ETH | 5,446.3 ETH | $15.0M | - |
| ETH-USD | ETH | 5,403 ETH | $14.9M | 1 |
| OPTION:BTC-USD | BTC | 163.267 BTC | $14.1M | - |
| Rest of the published total, not itemised by family | $2.57B | |||
| Venue total | $3.11B | |||
Show every pool (67)
| Pool | Asset | Balance | USD | Contracts |
|---|---|---|---|---|
| LTC-USDT | USDT | 10,576,775 USDT | $10.6M | 1 |
| SUI-USDT | USDT | 9,678,788 USDT | $9.7M | 1 |
| FIL-USDT | USDT | 9,633,074 USDT | $9.6M | 1 |
| WLD-USDT | USDT | 8,614,890 USDT | $8.6M | 1 |
| TRUMP-USDT | USDT | 7,918,154 USDT | $7.9M | 1 |
| ADA-USDT | USDT | 7,017,897 USDT | $7.0M | 1 |
| DOGE-USD | DOGE | 64,601,978 DOGE | $6.6M | 1 |
| SNDK-USDT | USDT | 6,244,227 USDT | $6.2M | 1 |
| OPTION:ETH-USD | ETH | 2,152.4 ETH | $5.9M | - |
| LTC-USD | LTC | 82,602.2 LTC | $5.2M | 1 |
| ZEC-USDT | USDT | 4,864,829 USDT | $4.9M | 1 |
| AVAX-USDT | USDT | 4,658,718 USDT | $4.7M | 1 |
| PUMP-USDT | USDT | 4,214,150 USDT | $4.2M | 1 |
| SOL-USD | SOL | 33,122 SOL | $3.9M | 1 |
| LINK-USDT | USDT | 3,392,854 USDT | $3.4M | 1 |
| BCH-USD | BCH | 9,395.3 BCH | $3.2M | 1 |
| HYPE-USDT | USDT | 2,917,091 USDT | $2.9M | 1 |
| UNI-USD | UNI | 265,895.4 UNI | $2.8M | 1 |
| UNI-USDT | USDT | 2,611,791 USDT | $2.6M | 1 |
| SPCX-USDT | USDT | 2,228,130 USDT | $2.2M | 1 |
| FIL-USD | FIL | 2,086,715 FIL | $2.2M | 1 |
| ARB-USDT | USDT | 2,117,831 USDT | $2.1M | 1 |
| MU-USDT | USDT | 1,906,589 USDT | $1.9M | 1 |
| XAU-USDT | USDT | 1,580,739 USDT | $1.6M | 1 |
| SKHYNIX-USDT | USDT | 1,437,425 USDT | $1.4M | 1 |
| BNB-USDT | USDT | 1,352,597 USDT | $1.4M | 1 |
| NEAR-USDT | USDT | 1,225,699 USDT | $1.2M | 1 |
| ADA-USD | ADA | 4,491,611 ADA | $1.1M | 1 |
| ONDO-USDT | USDT | 1,111,199 USDT | $1.1M | 1 |
| OKB-USDT | USDT | 1,010,108 USDT | $1.0M | 1 |
| LINK-USD | LINK | 76,291.6 LINK | $994K | 1 |
| CL-USDT | USDT | 978,953.9 USDT | $979K | 1 |
| SUI-USD | SUI | 872,855.1 SUI | $891K | 1 |
| XAG-USDT | USDT | 760,377.9 USDT | $760K | 1 |
| FUTURES:BTC-USD_UM_XPERP | USD | 742,526.9 USD | $743K | - |
| BCH-USDT | USDT | 617,457.1 USDT | $617K | 1 |
| DOT-USD | DOT | 441,624.3 DOT | $530K | 1 |
| LIT-USDT | USDT | 512,385.5 USDT | $512K | 1 |
| SOXL-USDT | USDT | 498,470.8 USDT | $498K | 1 |
| ENA-USDT | USDT | 453,992 USDT | $454K | 1 |
| TAO-USDT | USDT | 424,973.3 USDT | $425K | 1 |
| SKHY-USDT | USDT | 345,180.5 USDT | $345K | 1 |
| INTC-USDT | USDT | 340,552.5 USDT | $341K | 1 |
| FUTURES:BTC-USD_UM | USD | 312,802.6 USD | $313K | - |
| FUTURES:ETH-USD_UM_XPERP | USD | 298,416 USD | $298K | - |
| CRCL-USDT | USDT | 260,780.6 USDT | $261K | 1 |
| OPTION:BTC-USD_UM | USD | 204,865 USD | $205K | - |
| OPTION:ETH-USD_UM | USD | 203,421.6 USD | $203K | - |
| MSTR-USDT | USDT | 185,195.4 USDT | $185K | 1 |
| HYPE-USD | HYPE | 1,403 HYPE | $136K | 1 |
| QQQ-USDT | USDT | 113,035 USDT | $113K | 1 |
| OPTION:SOL-USD_UM | USD | 100,001.8 USD | $100K | - |
| OPTION:XAU-USD_UM | USD | 100,000 USD | $100K | - |
| FUTURES:ETH-USD_UM | USD | 55,531.4 USD | $56K | - |
| ETC-USD | ETC | 257,264.5 ETC | not priced | 1 |
Binance · $2.41B · 123 pools
| Pool | Asset | Balance | USD | Contracts |
|---|---|---|---|---|
| BNBUSDT, BTCUSDT, BTCUSDT_260925 +5 | USDT | 778,568,012 USDT | $778.6M | 8 |
| BNBUSDT, BTCUSDT, BTCUSDT_260925 +5 | USDC | 499,980,384 USDC | $500.0M | 8 |
| 1000PEPEUSDT, 1000SHIBUSDT, AAOIUSDT +220 | USDC | 250,000,000 USDC | $250.0M | 223 |
| 1000PEPEUSDT, 1000SHIBUSDT, AAOIUSDT +220 | USDT | 243,349,536 USDT | $243.3M | 223 |
| 1000BONKUSDC, 1000PEPEUSDC, 1000SHIBUSDC +35 | USDC | 98,584,431 USDC | $98.6M | 38 |
| AAVEUSDT | USDT | 80,070,046 USDT | $80.1M | 1 |
| ADAUSDT, BCHUSDT, DOTUSDT +7 | USDT | 63,178,060 USDT | $63.2M | 10 |
| PUMPUSDT | USDT | 20,093,290 USDT | $20.1M | 1 |
| MONUSDT | USDT | 10,097,814 USDT | $10.1M | 1 |
| BTCUSD1, ETHUSD1, SPCXUSD1 | USD1 | 10,054,146 USD1 | $10.1M | 3 |
| BTCU, ETHU | U | 10,031,772 U | $10.0M | 2 |
| ANTHROPICUSDT, MOONSHOTUSDT, OPENAIUSDT | USDT | 10,019,829 USDT | $10.0M | 3 |
| Venue total | $2.41B | |||
Show every pool (127)
| Pool | Asset | Balance | USD | Contracts |
|---|---|---|---|---|
| BNBUSDT, BTCUSDT, BTCUSDT_260925 +5 | BTC | 67.631 BTC | $5.9M | 8 |
| BEATUSDT, CLOUSDT, CYSUSDT +2 | USDT | 3,218,297 USDT | $3.2M | 5 |
| BASEDUSDT, BSBUSDT, EDGEUSDT +3 | USDT | 3,102,037 USDT | $3.1M | 6 |
| MANAUSDT, RAREUSDT, SUSDT +1 | USDT | 3,101,101 USDT | $3.1M | 4 |
| LYNUSDT, MUBARAKUSDT, NEWTUSDT +1 | USDT | 3,098,382 USDT | $3.1M | 4 |
| GOATUSDT, MERLUSDT, TAGUSDT +1 | USDT | 3,097,280 USDT | $3.1M | 4 |
| EDENUSDT, FFUSDT, PEOPLEUSDT +1 | USDT | 3,095,323 USDT | $3.1M | 4 |
| BSVUSDT, FLUIDUSDT, KASUSDT +2 | USDT | 3,093,687 USDT | $3.1M | 5 |
| ALTUSDT, MANTAUSDT, XAIUSDT +1 | USDT | 3,092,987 USDT | $3.1M | 4 |
| BIOUSDT, HUMAUSDT, NILUSDT +1 | USDT | 3,092,206 USDT | $3.1M | 4 |
| 1000BONKUSDT, SEIUSDT, VETUSDT +1 | USDT | 3,089,166 USDT | $3.1M | 4 |
| DYDXUSDT, ETHFIUSDT, MOVEUSDT +2 | USDT | 3,086,831 USDT | $3.1M | 5 |
| AVAUSDT | USDT | 3,086,724 USDT | $3.1M | 1 |
| 1000RATSUSDT, BTRUSDT, GRIFFAINUSDT +2 | USDT | 3,083,341 USDT | $3.1M | 5 |
| DUSKUSDT, LUMIAUSDT, OGNUSDT | USDT | 3,082,942 USDT | $3.1M | 3 |
| ANIMEUSDT, LPTUSDT, MASKUSDT +1 | USDT | 3,082,746 USDT | $3.1M | 4 |
| ALLUSDT, BTCDOMUSDT | USDT | 3,081,348 USDT | $3.1M | 2 |
| FORMUSDT, LAYERUSDT, SYRUPUSDT | USDT | 3,081,279 USDT | $3.1M | 3 |
| BIGTIMEUSDT, LUNA2USDT, ONTUSDT | USDT | 3,079,710 USDT | $3.1M | 3 |
| 1MBABYDOGEUSDT, AVNTUSDT, GLMUSDT +3 | USDT | 3,079,022 USDT | $3.1M | 6 |
| 1000FLOKIUSDT, GALAUSDT | USDT | 3,078,078 USDT | $3.1M | 2 |
| ARKUSDT, INITUSDT, PORTALUSDT | USDT | 3,077,092 USDT | $3.1M | 3 |
| BILLUSDT, BLESSUSDT, CROSSUSDT +2 | USDT | 3,076,734 USDT | $3.1M | 5 |
| KITEUSDT, ORCAUSDT, YBUSDT | USDT | 3,076,156 USDT | $3.1M | 3 |
| KOMAUSDT, OPGUSDT, QUSDT | USDT | 3,075,181 USDT | $3.1M | 3 |
| ALCHUSDT, BANUSDT, ONGUSDT +3 | USDT | 3,075,122 USDT | $3.1M | 6 |
| CTSIUSDT, EDUUSDT, KATUSDT +2 | USDT | 3,074,840 USDT | $3.1M | 5 |
| 1000CATUSDT, EPICUSDT, GRAMUSDT | USDT | 3,074,781 USDT | $3.1M | 3 |
| 2ZUSDT, ENJUSDT, SXTUSDT | USDT | 3,073,595 USDT | $3.1M | 3 |
| ACTUSDT, BICOUSDT, CELRUSDT +3 | USDT | 3,073,203 USDT | $3.1M | 6 |
| LISTAUSDT, MAGICUSDT, STOUSDT +4 | USDT | 3,071,777 USDT | $3.1M | 7 |
| AGLDUSDT, ARIAUSDT, AUCTIONUSDT +2 | USDT | 3,071,172 USDT | $3.1M | 5 |
| ALPINEUSDT, BANANAS31USDT | USDT | 3,070,005 USDT | $3.1M | 2 |
| MELANIAUSDT, SQDUSDT, ZETAUSDT | USDT | 3,068,644 USDT | $3.1M | 3 |
| LQTYUSDT, PROMUSDT, REDUSDT +1 | USDT | 3,064,764 USDT | $3.1M | 4 |
| ARUSDT, EIGENUSDT, KAITOUSDT +2 | USDT | 3,064,037 USDT | $3.1M | 5 |
| ANKRUSDT, GMXUSDT, MMTUSDT +1 | USDT | 3,063,456 USDT | $3.1M | 4 |
| ICPUSDT, JUPUSDT, TIAUSDT | USDT | 3,061,631 USDT | $3.1M | 3 |
| AIGENSYNUSDT, AIOTUSDT, AVAAIUSDT +2 | USDT | 3,060,973 USDT | $3.1M | 5 |
| APRUSDT, ATUSDT, CLANKERUSDT | USDT | 3,060,138 USDT | $3.1M | 3 |
| CFXUSDT, RONINUSDT, SUNUSDT +2 | USDT | 3,060,131 USDT | $3.1M | 5 |
| BIRBUSDT, LITUSDT | USDT | 3,058,680 USDT | $3.1M | 2 |
| GUAUSDT, METUSDT, TRIAUSDT +1 | USDT | 3,058,675 USDT | $3.1M | 4 |
| BELUSDT, FHEUSDT, MITOUSDT +2 | USDT | 3,058,220 USDT | $3.1M | 5 |
| BANANAUSDT, CGPTUSDT, CVXUSDT +4 | USDT | 3,056,168 USDT | $3.1M | 7 |
| ALICEUSDT, COOKIEUSDT, ENSOUSDT +2 | USDT | 3,051,584 USDT | $3.1M | 5 |
| DATAIPUSDT, PHAROSUSDT, SLXUSDT +1 | USDT | 3,051,567 USDT | $3.1M | 4 |
| ASTRUSDT, BATUSDT, BLURUSDT +2 | USDT | 3,050,398 USDT | $3.1M | 5 |
| AEROUSDT, BRETTUSDT, GRASSUSDT +2 | USDT | 3,050,294 USDT | $3.1M | 5 |
| 4USDT, HOMEUSDT, KGENUSDT +3 | USDT | 3,049,535 USDT | $3.0M | 6 |
| BLUAIUSDT, DEEPUSDT, MAVIAUSDT +3 | USDT | 3,049,448 USDT | $3.0M | 6 |
| DYMUSDT, IOSTUSDT, MEMEUSDT | USDT | 3,049,396 USDT | $3.0M | 3 |
| CHIPUSDT, DOGSUSDT, TOWNSUSDT +2 | USDT | 3,048,399 USDT | $3.0M | 5 |
| API3USDT, BBUSDT, KNCUSDT +3 | USDT | 3,046,789 USDT | $3.0M | 6 |
| ESPUSDT, FOGOUSDT, MANTRAUSDT +2 | USDT | 3,044,039 USDT | $3.0M | 5 |
| CHZUSDT, RUNEUSDT | USDT | 3,043,988 USDT | $3.0M | 2 |
| KMNOUSDT | USDT | 3,043,404 USDT | $3.0M | 1 |
| AUSDT, CRVUSDT, GRTUSDT | USDT | 3,039,897 USDT | $3.0M | 3 |
| BUSDT, HUSDT, MEWUSDT +1 | USDT | 3,038,812 USDT | $3.0M | 4 |
| HYPERUSDT, KERNELUSDT, THEUSDT | USDT | 3,038,508 USDT | $3.0M | 3 |
| COWUSDT, NEIROUSDT, ORDIUSDT +1 | USDT | 3,038,195 USDT | $3.0M | 4 |
| BROCCOLI714USDT, SYNUSDT, TNSRUSDT | USDT | 3,036,414 USDT | $3.0M | 3 |
| 1INCHUSDT, AXLUSDT, DASHUSDT +2 | USDT | 3,036,027 USDT | $3.0M | 5 |
| KAIAUSDT, RSRUSDT, SENTUSDT +1 | USDT | 3,035,808 USDT | $3.0M | 4 |
| IOTAUSDT, PYTHUSDT, XTZUSDT | USDT | 3,035,519 USDT | $3.0M | 3 |
| ACHUSDT, BREVUSDT, CKBUSDT +1 | USDT | 3,035,017 USDT | $3.0M | 4 |
| CCUSDT, ENSUSDT, LDOUSDT +2 | USDT | 3,034,150 USDT | $3.0M | 5 |
| 1000SATSUSDT, CVCUSDT, SOPHUSDT | USDT | 3,032,109 USDT | $3.0M | 3 |
| AWEUSDT, GPSUSDT, JASMYUSDT | USDT | 3,031,812 USDT | $3.0M | 3 |
| DRIFTUSDT, MARSCOINUSDT, PIPPINUSDT +4 | USDT | 3,031,614 USDT | $3.0M | 7 |
| FLOWUSDT, GUSDT, HIVEUSDT +5 | USDT | 3,031,535 USDT | $3.0M | 8 |
| ACEUSDT, FIGHTUSDT, FLOCKUSDT +4 | USDT | 3,029,052 USDT | $3.0M | 7 |
| 0GUSDT, SKLUSDT, SSVUSDT | USDT | 3,026,689 USDT | $3.0M | 3 |
| APEUSDT, COMPUSDT, MIRAUSDT | USDT | 3,026,610 USDT | $3.0M | 3 |
| 1000LUNCUSDT, BEAMXUSDT, JSTUSDT +2 | USDT | 3,025,271 USDT | $3.0M | 5 |
| CAKEUSDT, IMXUSDT, JTOUSDT | USDT | 3,022,620 USDT | $3.0M | 3 |
| IRYSUSDT, NIGHTUSDT, SPORTFUNUSDT +2 | USDT | 3,021,774 USDT | $3.0M | 5 |
| HMSTRUSDT, PIXELUSDT, REUSDT +2 | USDT | 3,021,427 USDT | $3.0M | 5 |
| INJUSDT, STXUSDT | USDT | 3,020,374 USDT | $3.0M | 2 |
| ASRUSDT, CFGUSDT, EGLDUSDT +1 | USDT | 3,020,175 USDT | $3.0M | 4 |
| HEIUSDT, RESOLVUSDT, TSTUSDT +1 | USDT | 3,019,967 USDT | $3.0M | 4 |
| ARCUSDT, AZTECUSDT, DOSUSDT +2 | USDT | 3,018,986 USDT | $3.0M | 5 |
| IOTXUSDT, QTUMUSDT, ROSEUSDT +2 | USDT | 3,018,139 USDT | $3.0M | 5 |
| AIXBTUSDT, ARKMUSDT, BABYUSDT +3 | USDT | 3,017,502 USDT | $3.0M | 6 |
| 1000XECUSDT, COLLECTUSDT, ICNTUSDT +1 | USDT | 3,016,865 USDT | $3.0M | 4 |
| CELOUSDT, IDUSDT, YFIUSDT +1 | USDT | 3,016,143 USDT | $3.0M | 4 |
| AIOUSDT, BASUSDT, CHILLGUYUSDT +4 | USDT | 3,015,560 USDT | $3.0M | 7 |
| AXSUSDT, PENDLEUSDT, XVSUSDT | USDT | 3,014,780 USDT | $3.0M | 3 |
| NOTUSDT, PNUTUSDT, PROVEUSDT +1 | USDT | 3,014,705 USDT | $3.0M | 4 |
| 1000CHEEMSUSDT, BERAUSDT, SOMIUSDT +2 | USDT | 3,011,031 USDT | $3.0M | 5 |
| GAIBUSDT, INXUSDT, JCTUSDT +4 | USDT | 3,008,812 USDT | $3.0M | 7 |
| ARXUSDT, CAPUSDT, MYXUSDT +1 | USDT | 3,008,788 USDT | $3.0M | 4 |
| CHRUSDT, RLCUSDT | USDT | 3,007,420 USDT | $3.0M | 2 |
| CUSDT, TOSHIUSDT | USDT | 3,006,445 USDT | $3.0M | 2 |
| BMTUSDT, GUNUSDT, TLMUSDT | USDT | 3,006,163 USDT | $3.0M | 3 |
| AKTUSDT, ETHWUSDT, SAFEUSDT +1 | USDT | 3,005,965 USDT | $3.0M | 4 |
| CYBERUSDT, RIFUSDT, 币安人生USDT | USDT | 3,004,256 USDT | $3.0M | 3 |
| FETUSDT, QNTUSDT, RENDERUSDT | USDT | 3,003,923 USDT | $3.0M | 3 |
| AGTUSDT, AIAUSDT, ARPAUSDT +2 | USDT | 2,951,308 USDT | $3.0M | 5 |
| AKEUSDT, ESPORTSUSDT, TAIKOUSDT +1 | USDT | 2,360,903 USDT | $2.4M | 4 |
| DEXEUSDT, HEMIUSDT, PUMPBTCUSDT +2 | USDT | 2,081,261 USDT | $2.1M | 5 |
| ELSAUSDT, NMRUSDT, PRLUSDT +3 | USDT | 2,079,591 USDT | $2.1M | 6 |
| ERAUSDT, EULUSDT, MAVUSDT +2 | USDT | 2,060,744 USDT | $2.1M | 5 |
| ALLOUSDT, CATIUSDT, GTCUSDT +3 | USDT | 2,059,565 USDT | $2.1M | 6 |
| BROCCOLIF3BUSDT, C98USDT, COTIUSDT +2 | USDT | 2,051,895 USDT | $2.1M | 5 |
| AINUSDT, BANKUSDT, BRUSDT +5 | USDT | 2,033,073 USDT | $2.0M | 8 |
| BARDUSDT, HOTUSDT, KAVAUSDT +3 | USDT | 1,981,628 USDT | $2.0M | 6 |
| BNBUSDT, BTCUSDT, BTCUSDT_260925 +5 | BNFCR | 1,875,845 BNFCR | $1.9M | 8 |
| ATHUSDT, MORPHOUSDT, MUSDT +2 | USDT | 1,855,326 USDT | $1.9M | 5 |
| AEVOUSDT, BANDUSDT, BTWUSDT +5 | USDT | 1,584,959 USDT | $1.6M | 8 |
| 1000000BOBUSDT, 龙虾USDT | USDT | 1,094,904 USDT | $1.1M | 2 |
| STGUSDT, USUSDT | USDT | 1,082,624 USDT | $1.1M | 2 |
| 1000000MOGUSDT, MOCAUSDT, PTBUSDT +4 | USDT | 1,051,235 USDT | $1.1M | 7 |
| ACUUSDT, BNTUSDT, CARVUSDT +5 | USDT | 966,876.6 USDT | $967K | 8 |
| STARUSDT | USDT | 572,397.6 USDT | $572K | 1 |
Bybit · $1.21B · 76 pools
| Pool | Asset | Balance | USD | Contracts |
|---|---|---|---|---|
| BTCUSD | BTC | 5,089.9 BTC | $440.6M | 1 |
| INJUSDT, QNTUSDT, GASUSDT +158 | USDT | 385,450,005 USDT | $385.5M | 161 |
| ETHUSD | ETH | 51,570.9 ETH | $142.3M | 1 |
| XRPUSD | XRP | 55,569,950 XRP | $88.4M | 1 |
| TEMUSDT, SPOTUSDT, HANMIUSDT +237 | USDT | 17,261,148 USDT | $17.3M | 240 |
| IOSTUSDT, AIGENSYNUSDT, AVAAIUSDT +5 | USDT | 11,772,342 USDT | $11.8M | 8 |
| INJPERP, FARTCOINPERP, DOGEPERP +65 | USDC | 5,192,148 USDC | $5.2M | 68 |
| TRUSTUSDT, BEATUSDT, BANKUSDT +5 | USDT | 4,975,004 USDT | $5.0M | 8 |
| TAIKOUSDT, AXLUSDT, AGLDUSDT +5 | USDT | 4,670,758 USDT | $4.7M | 8 |
| TACUSDT, SIRENUSDT, PUFFERUSDT +5 | USDT | 4,621,314 USDT | $4.6M | 8 |
| SOLUSD | SOL | 37,566.2 SOL | $4.4M | 1 |
| ENJUSDT, AVAUSDT, CGPTUSDT +5 | USDT | 4,429,191 USDT | $4.4M | 8 |
| Venue total | $1.21B | |||
Show every pool (76)
| Pool | Asset | Balance | USD | Contracts |
|---|---|---|---|---|
| MUUSDT, NVDAUSDT, WDCUSDT +37 | USDT | 4,377,631 USDT | $4.4M | 40 |
| EDGEUSDT, BMTUSDT, STEEMUSDT +6 | USDT | 4,305,384 USDT | $4.3M | 9 |
| CHILLGUYUSDT, TRBUSDT, PNUTUSDT +6 | USDT | 4,144,982 USDT | $4.1M | 9 |
| SOPHUSDT, COTIUSDT, ESPUSDT +6 | USDT | 4,117,144 USDT | $4.1M | 9 |
| ACHUSDT, AIXBTUSDT, SENTUSDT +6 | USDT | 3,492,690 USDT | $3.5M | 9 |
| MAGMAUSDT, SPACEUSDT, SUSHIUSDT +6 | USDT | 3,121,592 USDT | $3.1M | 9 |
| BOBAUSDT, BTRUSDT, HUSDT +4 | USDT | 3,061,583 USDT | $3.1M | 7 |
| OGUSDT, KERNELUSDT, TLMUSDT +5 | USDT | 3,004,666 USDT | $3.0M | 8 |
| WAVESUSDT, BANANAUSDT, TUTUSDT +6 | USDT | 2,977,167 USDT | $3.0M | 9 |
| SPORTFUNUSDT, SOONUSDT, KGENUSDT +6 | USDT | 2,638,775 USDT | $2.6M | 9 |
| USUSDT, BIRBUSDT, EULUSDT +6 | USDT | 2,539,071 USDT | $2.5M | 9 |
| GPSUSDT, MITOUSDT, DIAUSDT +5 | USDT | 2,517,193 USDT | $2.5M | 8 |
| NEWTUSDT, ACTUSDT, CUSDT +6 | USDT | 2,435,759 USDT | $2.4M | 9 |
| HOMEUSDT, RPLUSDT, DOLOUSDT +4 | USDT | 2,425,293 USDT | $2.4M | 7 |
| PROVEUSDT, ROSEUSDT, BNTUSDT +6 | USDT | 2,406,698 USDT | $2.4M | 9 |
| KATUSDT, PORTALUSDT, POLYXUSDT +6 | USDT | 2,300,128 USDT | $2.3M | 9 |
| STABLEUSDT, CELOUSDT, TNSRUSDT +6 | USDT | 2,297,344 USDT | $2.3M | 9 |
| ACEUSDT, CVCUSDT, FLOWUSDT +6 | USDT | 2,272,910 USDT | $2.3M | 9 |
| ZBCNUSDT, MAVUSDT, XDCUSDT +5 | USDT | 2,261,765 USDT | $2.3M | 8 |
| KAVAUSDT, BICOUSDT, CTCUSDT +6 | USDT | 2,246,701 USDT | $2.2M | 9 |
| PUNDIXUSDT, BELUSDT, CATIUSDT +5 | USDT | 2,229,819 USDT | $2.2M | 8 |
| MMTUSDT, LYNUSDT, 4USDT +6 | USDT | 2,182,608 USDT | $2.2M | 9 |
| USTCUSDT, STGUSDT, XPINUSDT +6 | USDT | 2,172,955 USDT | $2.2M | 9 |
| PHAROSUSDT, PRLUSDT, GENIUSUSDT +6 | USDT | 2,165,436 USDT | $2.2M | 9 |
| AEVOUSDT, CROSSUSDT, C98USDT +6 | USDT | 2,162,486 USDT | $2.2M | 9 |
| SKLUSDT, ROBOUSDT, EDUUSDT +6 | USDT | 2,142,157 USDT | $2.1M | 9 |
| ARPAUSDT, DEXEUSDT, AWEUSDT +5 | USDT | 2,129,101 USDT | $2.1M | 8 |
| TRIAUSDT, 1000TOSHIUSDT, LUNA2USDT +6 | USDT | 2,123,159 USDT | $2.1M | 9 |
| ILVUSDT, USD1USDT, COOKIEUSDT +5 | USDT | 2,112,423 USDT | $2.1M | 8 |
| 1000XECUSDT, RESOLVUSDT, MOCAUSDT +5 | USDT | 2,111,989 USDT | $2.1M | 8 |
| 1000BTTUSDT, LQTYUSDT, ARKUSDT +6 | USDT | 2,099,027 USDT | $2.1M | 9 |
| OPENUSDT, IOTXUSDT, GMXUSDT +5 | USDT | 2,052,315 USDT | $2.1M | 8 |
| TOWNSUSDT, PHAUSDT, INUSDT +6 | USDT | 1,993,389 USDT | $2.0M | 9 |
| 1000TAGUSDT, 10000NEXUSDT, HEIUSDT +6 | USDT | 1,904,335 USDT | $1.9M | 9 |
| ONTUSDT, ASRUSDT, STORJUSDT +5 | USDT | 1,872,986 USDT | $1.9M | 8 |
| NAORISUSDT, MUBARAKUSDT, COREUSDT +5 | USDT | 1,480,345 USDT | $1.5M | 8 |
| BTCUSDU26, BTCUSDZ26, BTCUSDH27 | BTC | 12.663 BTC | $1.1M | 3 |
| LTCUSD | LTC | 16,181.9 LTC | $1.0M | 1 |
| ETHUSDU26, ETHUSDZ26, ETHUSDH27 | ETH | 263.108 ETH | $726K | 3 |
| SUIUSD | SUI | 552,044.1 SUI | $563K | 1 |
| BTCUSDT-02OCT26, BTCUSDT-09OCT26, BTCUSDT-27NOV26 +5 | USDT | 385,241.3 USDT | $385K | 8 |
| DOGEUSD | DOGE | 3,450,038 DOGE | $352K | 1 |
| LINKUSD | LINK | 20,645.5 LINK | $269K | 1 |
| ETHUSDT-30OCT26, ETHUSDT-09OCT26, ETHUSDT-26MAR27 +5 | USDT | 267,395.6 USDT | $267K | 8 |
| SOLUSDT-09OCT26, SOLUSDT-30OCT26, SOLUSDT-02OCT26 +1 | USDT | 198,297.7 USDT | $198K | 4 |
| ADAUSD | ADA | 597,312 ADA | $152K | 1 |
| NEARUSD | NEAR | 25,809.4 NEAR | $112K | 1 |
| DOTUSD | DOT | 58,450.4 DOT | $70K | 1 |
| BCHUSD | BCH | 188.621 BCH | $64K | 1 |
| AAVEUSD | AAVE | 356.087 AAVE | $53K | 1 |
| HYPEUSD | HYPE | 522.381 HYPE | $51K | 1 |
| XAUTUSDT-09OCT26, XAUTUSDT-02OCT26, XAUTUSDT-30OCT26 +1 | USDT | 50,162.7 USDT | $50K | 4 |
| HYPEUSDT-25SEP26, HYPEUSDT-30OCT26, HYPEUSDT-09OCT26 +1 | USDT | 50,039.8 USDT | $50K | 4 |
| MNTUSDT-30OCT26, MNTUSDT-02OCT26, MNTUSDT-09OCT26 +1 | USDT | 47,657.6 USDT | $48K | 4 |
| DOGEUSDT-02OCT26, DOGEUSDT-25SEP26, DOGEUSDT-30OCT26 +1 | USDT | 43,829.7 USDT | $44K | 4 |
| UNIUSD | UNI | 3,995.7 UNI | $42K | 1 |
| XLMUSD | XLM | 174,642.2 XLM | $38K | 1 |
| XRPUSDT-02OCT26, XRPUSDT-30OCT26, XRPUSDT-09OCT26 +1 | USDT | 32,518.7 USDT | $33K | 4 |
| FILUSD | FIL | 31,107.8 FIL | $32K | 1 |
| AVAXUSD | AVAX | 2,432.6 AVAX | $27K | 1 |
| ETCUSD | ETC | 1,974 ETC | $19K | 1 |
| APTUSD | APT | 19,868.2 APT | $16K | 1 |
| MNTUSD | MNT | 19,142.2 MNT | $13K | 1 |
| OPUSD | OP | 78,687.9 OP | $11K | 1 |
Gate · $262.1M · 2 pools
| Pool | Asset | Balance | USD | Contracts |
|---|---|---|---|---|
| usdt | USDT | 138,868,381 USDT | $138.9M | - |
| btc | BTC | 1,424.2 BTC | $123.3M | - |
| Venue total | $262.1M | |||
Venues without a public fund
Derivatives venues we checked that do not publish a fund we can read, so they are not in the total.
- HTX The endpoint answers "Function suspended".
- Bitget No public insurance fund endpoint.
- Deribit No public insurance fund endpoint.
- Kraken Futures No public insurance fund endpoint.
- dYdX The fund lives on chain; there is no venue endpoint for it.
- Hyperliquid The fund lives on chain; there is no venue endpoint for it.
- MEXC Publishes a fund balance; not collected yet.
- Bitfinex Publishes a fund balance; not collected yet.
Methodology
Sources: the public endpoints of Binance, Bybit, OKX and Gate, no keys. Binance lists every pool with the contracts it covers and its balance per asset; Bybit lists every pool with its balance and a dollar value; OKX answers per instrument family and adds its venue-wide total in dollars; Gate publishes one balance per settle currency per day with its own history.
Dollar values: USDT, USDC and the venues' dollar credits count one to one; other assets at our newest recorded price, or the venue's own dollar value where it publishes one; an asset we cannot price is listed and left out of the sum. A venue's fund is OKX's own total or the sum of its priced pools.
Cadence and storage: every venue is read once an hour and every pool is stored for 35 days. The daily table keeps each day's last reading per venue and asset for good. Gate stamps each balance at 00:00 UTC, so we file it as the previous day's close, which also gives Gate a history before our first reading.
Fund against open interest: the fund in dollars over the venue's perpetual open interest on the coins we track. It is a size comparison, not a solvency test: a venue can top up, move or redefine its fund, and a fund covers bankrupt liquidations only, not every loss.
Frequently asked
What is an exchange insurance fund?
Money an exchange sets aside to pay for liquidations that close below the trader's bankruptcy price. Liquidations that close better than that price usually add to the fund; when the fund runs short, the exchange falls back on auto-deleveraging, closing profitable positions on the other side.
Does a bigger fund mean a safer exchange?
Not by itself. Compare the fund with the open interest it protects, watch how it moves through volatile days, and remember that a venue can move money in and out of it. We record the numbers; the verdict is yours.
Why is OKX shown as one total?
Every OKX answer carries a venue-wide total in dollars. We use that total and itemise the largest instrument families underneath it; the rest of the total is not split by family in the answers we read.
Can I download the history?
Yes. The daily file insurance-funds-daily has one row per day, venue and asset; the JSON API returns the latest reading and daily closes; the hourly pool rows are on the paid route /api/x402/insurance-fund-history.