Crypto futures analytics: real-time open interest, funding rates, and liquidations.

Sharpe Futures Analytics aggregates data from Binance, Bybit, OKX, Deribit, and Hyperliquid by default, with Bitget, Gate.io, KuCoin, MEXC, and HTX available as toggleable extras. All data is fetched via direct exchange REST APIs with snapshots taken every 10 minutes to 6 hours depending on the metric.

Futures Analytics provides 19 terminal chart views organized into 7 categories: Signals (dislocation, funding cost, crowding risk, carry curve), Price Metrics (perpetual price, liquidations), Open Interest (stacked OI, OI delta, daily OI change, venue snapshot), Volume Metrics (OI and volume, volume history, Binance perps CVD with an optional price and OI overlay), Sentiment (account long %, top trader accounts long %), Performance (returns by session, returns heatmap by hour and day), and Futures Premium (funding rate, annualized basis). The API serves 24 chart types, including the standalone flow-confirmation, volume-snapshot, return-by-hour, return-by-day and term-structure series the terminal folds into those views.

Open interest is the total number of outstanding futures contracts that have not been settled. Rising OI with rising price confirms bullish conviction backed by new money entering, while rising OI with falling price confirms bearish positioning. A sudden OI drop during a price move indicates mass liquidations or voluntary position closures.

The perpetual futures premium is calculated as the difference between the perpetual futures price and the spot index price, expressed in basis points: Basis (bps) = ((futures - spot) / spot) x 10,000. A positive premium indicates bullish demand for leverage; a discount indicates bearish pressure. Sharpe also displays the annualized basis term structure across dated futures expiries.

Cumulative volume delta is the running sum of buy volume minus sell volume. Rising CVD means aggressive buyers dominate the tape; falling CVD means sellers are in control. Divergence between CVD and price often precedes reversals: price making new highs while CVD trends down suggests the rally lacks buying conviction.

Most futures charts support 1-hour, 4-hour, 8-hour, 12-hour, 1-day, 3-day, and 7-day timeframes. Performance charts default to 1-month windows to capture statistically meaningful patterns. The term structure chart is a point-in-time snapshot across expiry dates.

Yes, all applicable charts support multi-exchange overlay. Open interest charts stack data from all default exchanges with per-exchange color coding. You can toggle individual exchanges on or off and add extra exchanges like Bitget, Gate.io, KuCoin, MEXC, and HTX for broader coverage.

Yes. All 19 terminal chart views across 7 categories are available free on Sharpe Terminal with no account required. The documented API and MCP server expose the stable futures chart contract for programmatic access.

Futures basis is the price difference between a futures contract and the underlying spot price, expressed either in absolute terms, basis points, or as annualized yield. For perpetuals, basis (bps) = ((perp - spot) / spot) x 10,000. For dated futures, the annualized basis = ((futures - spot) / spot) x (365 / days_to_expiry). Positive basis (contango) means futures trade above spot and reflects bullish leveraged demand plus carry cost. Negative basis (backwardation) means futures trade below spot, typically signaling aggressive spot-side selling or deleveraging stress.

A liquidation is the forced closure of a leveraged futures position when the trader's margin falls below the exchange's maintenance threshold. Long liquidations happen when price falls sharply; short liquidations happen when price rallies. In a cascade, one liquidation pushes price further and triggers the next, producing the sharp 5-20% wicks that show up as liquidation spikes.

The long/short ratio measures the proportion of traders (or accounts, or notional value) positioned long versus short on a perpetual futures contract. A ratio of 2.0 means twice as many longs as shorts. The indicator is most useful as a contrarian signal at extremes: when retail crowds are heavily long (ratio > 3.0), subsequent 7-day returns are historically negative more often than not. Sharpe displays Binance, Bybit, and OKX global account ratios alongside Binance's top-trader position ratio to separate retail positioning from smart money.

A perpetual futures contract (perp) is a crypto derivative with no expiration date that tracks the spot price through a periodic funding rate mechanism. Unlike dated futures which expire on a set date, perps can be held indefinitely: longs and shorts exchange funding payments every 1-8 hours (depending on exchange) to keep the perp price anchored to spot. Perps account for over 75% of all crypto futures volume and are the dominant leverage instrument on Binance, Bybit, OKX, Hyperliquid, and Deribit.

OI-weighted funding rate is the funding rate across exchanges weighted by each exchange's share of total open interest. The result is a single market-wide funding figure that reflects where real capital sits. A simple average of funding rates treats a small exchange the same as Binance; OI-weighting correctly discounts exchanges with thin positioning. When the OI-weighted funding rate turns persistently positive, it signals broad-market long leverage crowding and often precedes a long squeeze. Sharpe computes OI-weighted funding across 35 exchanges in real time.

The predicted funding rate is an exchange-reported estimate of what the next funding payment will be, calculated continuously from the current perpetual premium and the exchange's funding formula. It updates in real time between funding intervals, so you get a running estimate of the funding cost or income on your position before the official rate is locked in. Predicted rates are most useful when running carry strategies or sizing a funding arbitrage position. A divergence between an exchange's predicted rate and its historical average is often the first signal that positioning is getting lopsided.

Funding rates differ across exchanges because each exchange computes funding from its own perpetual premium, which in turn reflects the leverage and sentiment of that exchange's user base. When Binance funding is +0.03% but OKX is -0.02% on the same asset, one user base is heavily long while the other is shorting, a cross-exchange divergence that often precedes a volatility expansion. Cross-exchange funding comparison is also the foundation of funding rate arbitrage: long the negative-funding venue, short the positive-funding venue, and collect the spread. Sharpe displays funding rate per exchange, heatmaps, and OI-weighted aggregates to surface these divergences.