Crypto Futures Analytics

Crypto Futures Derivatives Analytics

Sharpe Terminal aggregates perpetual and dated futures data from Binance, Bybit, OKX, Deribit, and Hyperliquid into a unified analytics dashboard. Track open interest changes, liquidation cascades, trading volume, long/short ratios, and futures premium (basis) across 19 chart types organized into six categories: Price, Open Interest, Volume, Sentiment, Performance, and Futures Premium.

How Traders Use Futures Analytics

Open interest rising alongside price confirms trend strength, while rising OI with flat price suggests a squeeze is building. Liquidation data reveals forced selling and buying cascades that create short-term dislocations. Long/short ratio divergences across exchanges expose crowded positioning before reversals. The futures premium (annualized basis) measures the cost of leverage and reflects market sentiment — a collapsing basis in a rally warns of exhaustion, while a deeply negative basis in a downtrend signals capitulation.

Frequently Asked Questions

What is open interest in crypto futures?

Open interest is the total number of outstanding futures contracts that have not been settled. Rising open interest means new money is entering the market, while falling OI indicates positions are being closed. It is measured in both USD notional and number of contracts.

How do liquidations affect crypto prices?

Liquidations occur when a trader's margin is insufficient to maintain their position. Large liquidation cascades create forced buying (short liquidations) or forced selling (long liquidations), amplifying price moves and creating volatility spikes. Tracking liquidation clusters helps identify support and resistance zones.

What exchanges does the futures dashboard cover?

The default view includes Binance, Bybit, OKX, Deribit, and Hyperliquid. Additional exchanges can be toggled on for broader coverage. Data is fetched directly from exchange REST APIs with snapshots updated every 5-10 minutes.

What is the futures premium (basis) and why does it matter?

The futures premium, or basis, is the percentage difference between the futures price and the spot price. A positive basis means futures trade at a premium (contango), reflecting bullish sentiment and the cost of leverage. A negative basis (backwardation) indicates bearish sentiment. Annualized basis is a key input for carry trades and market sentiment analysis.