Q: What is Open Interest?
A: Open interest is the total contract value in USDT held by all the users in Flipster that has yet to be settled.
Q: How is contract value in USDT calculated upon opening a position?
A: Also known as notional value, it is calculated using this formula:
Notional Value = Quantity of Contract * Average Entry Price.
Q: How is open interest calculated?
A. It is calculated by adding the total contract value of all positions held by the users in Flipster.
Q: How will open interest increase?
A: It will increase when a user opens a position.
Q: How will open interest decrease?
A. It will decrease when a user closes a position.
Q: Where can I find the information on Open Interest?
A: Open Interest information can be found under the Contracts page.