Derivatives Screener
API ▸ How to call thisLive OI, funding rates, and long/short positioning across 519 perpetual markets — refreshed every 2 minutes.
Screener
| Symbol ▲ | OI (USD) ▲ | OI 1h ▲ | OI 24h ▲ | Funding 8h ▲ | Ann. ▲ | L/S ▲ | Top L/S ▲ | Signal |
|---|---|---|---|---|---|---|---|---|
| Live data for 519 symbols across 3 exchanges loads when you open this page. | ||||||||
How to read this screener
OI (USD)
Total open interest in notional value aggregated from all 3 exchanges. The thin bar under each value shows its share of the largest market in view. Rising OI during a move = conviction; falling OI = position unwinding.
OI 1h / 24h
Percentage change in open interest. Rapid OI increase + price rise = new longs opening. OI increase + price drop = new shorts opening.
Funding (8h)
The rate paid every 8 hours between longs and shorts. Positive = longs pay shorts (market is net long). Negative = shorts pay longs. Cell tint scales with magnitude — the redder the cell, the more crowded the longs.
Ann.
Annualized funding (8h rate × 3 × 365) — the yearly cost of holding the position if funding stays constant.
L/S Ratio
Global long/short account ratio. Above 1.0 = more accounts long. The split bar shows the long (cyan) vs short (red) share.
Top L/S + ◊ divergence marker
Long/short ratio of top-ranked traders only. A ◊ appears when top traders lean opposite to the crowd — historically the more informed side.
Aggregate ribbon
Total OI = capital at risk across all contracts. Funding OI-wtd = the market-wide lean, weighted by size. Bullish setups = funding > 0.008% with L/S > 1.05. Extreme funding = |rate| ≥ 0.03% per 8h — crowded leverage that often precedes liquidation cascades or squeezes.
Positioning Read
Funding Heatmap
OI Movers · 24h
Funding Divergence
Reading the heatmap, OI movers & divergence
Funding heatmap
Each cell = the current 8h funding rate for a symbol on one exchange. Green = negative funding (shorts pay longs, bearish pressure). Red = positive (longs pay shorts, crowded longs). Grey = near-zero. When one exchange diverges hard from the others, a funding-arb opens: long the low-funding venue, short the high one.
OI movers
Gainers attracted new leveraged positions in 24h — rising OI + rising price = fresh longs with conviction; rising OI + falling price = new shorts (squeeze fuel). Losers are unwinding or being liquidated — falling OI in a drop = long capitulation; falling OI in a rally = short covering (weak continuation).
Funding divergence
Large funding differences between exchanges are a market-neutral opportunity: get paid on the low-funding leg, offset the cost on the high one. Spreads above 0.01% per 8h are surfaced, largest first.
You're viewing demo data. Sign up to access real-time funding rates, open interest, and signal detection for 519 symbols across 3 exchanges.
Data Pipeline
The screener pulls live derivatives data from the Smart Money daemon, which aggregates perpetual futures across Bybit, Binance, and Hyperliquid. Metrics for 519 symbols are collected, normalised, and stored in the internal database every 2 minutes. The screener table displays the most recently cached snapshot, meaning the data you see is never more than 2 minutes old. Tier-limited users see the top 10 symbols by open interest; authenticated subscribers access the full set of tracked symbols with full sorting and filtering capabilities.
Key Metrics Explained
Funding rate is the periodic payment exchanged between long and short perpetual contract holders. When funding is positive, longs pay shorts — the market is leaning bullish. When negative, shorts pay longs — the market is leaning bearish. Open Interest (OI) is the total dollar value of all outstanding perpetual contracts. It measures how much conviction traders have placed in the market. Long/Short Ratio (LSR) compares the number of accounts holding long positions versus short positions, giving a sentiment read on the overall crowd positioning.
Signal Detection
The system flags two categories of signals automatically. Extreme funding signals fire when the funding rate exceeds 0.03% in either direction and the LSR exceeds 1.5, indicating a heavily crowded one-sided trade prone to mean reversion. Bullish/bearish divergence signals fire when funding exceeds 0.008% with an LSR above 1.05, suggesting directional conviction without extreme crowding. Signals are visual cues to prompt further analysis, not standalone trade instructions.
Funding Rate Interpretation
A funding rate above 0.03% per 8-hour interval annualises to over 32% — an unsustainable cost for long holders. Historically, sustained extreme positive funding precedes sharp liquidation cascades as the long-heavy market becomes unstable. This is a contrarian signal: extreme positive funding warns that a move lower is more probable than continued upside. Conversely, deeply negative funding (shorts paying longs) often appears near market bottoms when fear is peak, creating a contrarian long setup. Moderate funding in the 0.005–0.015% range is considered healthy trend confirmation.
Open Interest Context
Rising OI alongside rising prices signals new money entering the market and confirms the uptrend — participants are opening fresh long positions rather than short-covering. Rising OI during a price decline indicates new short positions being built, strengthening the downtrend. Falling OI during a rally suggests short-covering rather than genuine buying — a weaker signal. Falling OI in a downturn signals long liquidations or voluntary exits, which can mark capitulation bottoms. OI spikes without price movement often indicate large institutional position building that precedes a directional move.
Long/Short Ratio Signals
An LSR above 1.5 means 60%+ of retail accounts are positioned long — a crowded trade that is statistically vulnerable to a flush. Markets tend to move in the direction that causes the most pain to the majority, so an extreme LSR reading is a contrarian warning. An LSR below 0.8 (heavily short-biased crowd) can signal a squeeze setup if any positive catalyst emerges. The top-trader LSR (large account positions) is more informative than the general LSR, as institutional traders are better informed. Divergence between general and top-trader LSR often reveals who is on the right side of the trade.
Data Accuracy: Derivatives data is sourced from exchange APIs (Bybit, Binance, Hyperliquid) via the Smart Money daemon. Funding rates, OI, and LSR figures reflect the most recent 2-minute cache cycle. Exchange API outages or rate limiting can cause temporary staleness. Always verify critical figures directly on exchange platforms before executing trades.
Signal Limitations: Extreme funding and LSR signals are statistical tendencies observed across historical data — they are not predictive certainties. Markets can remain irrational longer than expected, and crowded trades can become even more crowded before reversing. Use these signals as one input among many, not as a complete trading system.
Not Financial Advice: All data and analysis presented on this platform is for informational purposes only. Nothing here constitutes investment advice, a solicitation to buy or sell any asset, or a guarantee of future performance. Cryptocurrency derivatives carry substantial risk including leverage-amplified losses — you may lose some or all of your capital. Conduct your own research and consult a qualified financial advisor before making any investment decisions.