---
title: "Bitcoin open interest rises $2.3 bn as traders pay higher funding rates"
slug: "bitcoin-open-interest-rises-2-3-bn-as-traders-pay-higher-funding-rates"
date: "2026-10-04"
category: "FinTech"
author: "Tariq Al-Mansoor"
correspondent: "Tariq Al-Mansoor"
correspondentRole: "Gulf & Capital Correspondent"
readingTimeMinutes: 1
tags: ["Fintech","News"]
originalSourceUrl: "https://www.coindesk.com/markets/2026/10/02/why-rising-perpetual-funding-rates-signal-growing-bullish-leverage-as-bitcoin-crosses-usd86-500"
canonicalUrl: "https://aurav.ae/bitcoin-open-interest-rises-2-3-bn-as-traders-pay-higher-funding-rates"
publisher: "Aura-V Intelligence (aurav.ae)"
---

# Bitcoin open interest rises $2.3 bn as traders pay higher funding rates

> Open interest climbed to 653,000 BTC ($56.2 bn) while perpetual funding jumped to 10%, indicating stronger bullish leverage ahead of the U.S. jobs report.

## Key Takeaways (TL;DR)

- Open interest increased by $2.3 bn (27,000 BTC) since Sept 30, reaching 653,000 BTC.
- Perpetual funding rates rose from ~3% to 10%, raising the cost of long positions.
- Bitcoin price moved from $83,500 to $86,500, supporting the rally despite a low-base start.

Bitcoin open interest jumped $2.3 bn (27,000 BTC) to about 653,000 BTC ($56.2 bn) since Sept. 30, while perpetual funding rates climbed from roughly 3% to 10% as the price rose from $83,500 to $86,500 [CoinDesk](https://www.coindesk.com/markets/2026/10/02/why-rising-perpetual-funding-rates-signal-growing-bullish-leverage-as-bitcoin-crosses-usd86-500). The rise in open interest, measured by CoinGlass, suggests traders are adding exposure, though it does not specify directional bias.

Higher funding indicates that long-position holders are paying short-position holders to keep their bets, reflecting stronger demand for bullish exposure ahead of Friday’s U.S. jobs report.

Our read: The increase comes from a low-base level—open interest was near its 12-month low at the end of September—so the 4.3% rise may signal the start of a broader speculative recovery, but elevated funding also raises liquidation risk if the rally stalls.

---

*Original Think-Tank Source: [Bitcoin open interest jumps $2.3 billion as traders pay more for bullish positions](https://www.coindesk.com/markets/2026/10/02/why-rising-perpetual-funding-rates-signal-growing-bullish-leverage-as-bitcoin-crosses-usd86-500)*