Arbitrum (ARB) daily open interest up 10.1%... spot down 1.13% in 24 hours

Arbitrum (ARB) perpetual futures open interest rose 10.1% over 24 hours to $159.09 million across seven exchanges as of 6:43 p.m. KST on July 7, while futures prices fell 1.8% and spot ARB dropped 1.13% over the same period, according to Binance derivatives data compiled by ByKaranteli. The 8-hour funding rate stood at +0.010%, a combination of rising open interest, falling prices and positive funding that suggests leveraged positioning building against a softening spot market. Because open interest data does not distinguish between long and short additions, the direction of the new exposure remains unclear. Traders should watch whether the funding rate stays positive and whether open interest continues climbing, which would signal further leverage buildup and raise liquidation risk if the spot decline extends.