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Derivatives Collection

Bitcoin: Funding Rate & Open Interest

Perpetual futures leverage — funding rate and open interest as a gauge of euphoria and squeeze risk

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Chart informationBitcoin: Funding Rate & Open Interest

About This Indicator

Perpetual futures funding rate and open interest measure leverage in the derivatives market. Positive funding means longs pay shorts (bullish/leveraged demand); negative funding means shorts pay longs (bearish/leveraged demand). Extremes in either direction, especially combined with rising open interest, have historically marked overheated conditions prone to sharp reversals.

Current Value & Interpretation

BTC price
No data
Funding rate
No data
Open interest
No data
Signal
No data

Waiting for funding rate data.

Data Sources

  • Bitcoin price: CoinGecko API via backend price history
  • Funding rate: Binance Futures public API (BTCUSDT perpetual), daily average of 8-hour funding events, full history since 2019
  • Open interest: Bybit public API (BTCUSDT linear perpetual), converted to USD using each day's BTC price. Full history available since 2020-08-05.

Last Updated

Waiting for data

Related Charts

  • BTC Liquidation HeatmapEstimates where leveraged BTC perpetual futures positions are likely to be liquidated. No free data source publishes real per-position liquidation prices — exchanges don't disclose them, and Coinglass-style heatmap APIs gate this behind a paid tier — so this is a disclosed model, not real liquidation data: it splits each day's total open interest across five assumed leverage tiers (5x-100x), treats the trailing 30 days of closing prices (recency-weighted) as a proxy for where positions were entered, and plots the resulting estimated liquidation prices as a density heatmap around price.
  • Fear & Greed IndexA composite sentiment score (0-100) from volatility, volume, social media, and surveys.
  • Bitcoin: Exchange ReserveTracks total BTC held on exchanges.
  • Bitcoin: Exchange NetflowTracks the daily net BTC flow into or out of exchanges — the leading edge of the reserve trend.