Exchange intelligence
Each metric in the exchange intelligence rubric ships with a bilingual education sheet. Click any identifier to open the detailed page (definition, how to read, key zones, historical context).
exchange
| Identifier | Name | Short description | Tier |
|---|---|---|---|
derivatives-oi-aggregated-all-exchanges | Open Interest — Aggregated All Exchanges | Total Bitcoin perpetual futures open interest aggregated across the top 17 exchanges. Rising OI means new capital flowing into derivatives leverage; falling OI indicates position unwinding. | free |
derivatives-oi-per-exchange-comparison | Open Interest — Per Exchange Comparison | Open interest decomposition across the top 7 exchanges (Binance, Bybit, OKX, Coinbase, Hyperliquid, Deribit, Kraken) plus aggregated others, summing the remaining 10 venues Coinalyze covers (17 total). Reveals where leverage concentration shifts over time. | free |
derivatives-oi-change-pct-24h-ranking | Open Interest Change % 24h — Exchange Ranking | 24-hour percentage change of open interest per exchange, ranked from largest gain to largest loss. Identifies which venues are absorbing or releasing leverage in real time. | pro |
derivatives-oi-dominance-per-exchange | Open Interest Dominance — Per Exchange | Share of total open interest captured by each exchange over time. A rising slice means market share gain; declining slices reveal venue rotation by traders. | pro |
derivatives-oi-vs-price-overlay | Open Interest vs Price — Overlay | Aggregated open interest plotted against BTC spot price on a dual-axis chart. Divergences between OI and price often precede directional resolution moves. | pro |
derivatives-fr-current-per-exchange | Funding Rate Current — Per Exchange | Snapshot of the latest funding rate across major BTC perpetual venues. Positive rates indicate longs paying shorts (bullish leverage); negative rates flip the flow. | free |
derivatives-fr-history-per-pair | Funding Rate History — Per Pair | Historical funding rate trajectory for the top BTC perpetual pairs across major venues. Persistent regimes (positive/negative) reveal sustained leverage bias. | pro |
derivatives-fr-predicted-next-8h | Funding Rate Predicted — Next 8h | Predicted funding rate for the next 8-hour interval per exchange, based on current premium index. Reveals which venues are pricing in continued or reversing leverage demand. | pro |
derivatives-fr-heatmap-matrix | Funding Rate Heatmap — Assets × Exchanges | Matrix view of funding rates across major assets (BTC, ETH, SOL, BNB, XRP) and the top 7 exchanges. Color intensity flags concentration of bullish or bearish leverage by venue and asset. | pro |
derivatives-fr-dispersion-zscore | Funding Rate Dispersion — Z-Score | Z-score of the cross-exchange funding rate dispersion. High dispersion flags venue-specific stress or arbitrage windows; near-zero dispersion indicates a converged consensus across markets. | performance |
derivatives-liq-24h-long-short-split-exchange | Liquidations 24h — Long/Short Split per Exchange | Trailing 24-hour liquidations split long versus short, ranked by exchange. Saturated colours show which venue absorbed the most cascade pressure. | free |
derivatives-liq-superposed-price | Liquidations — Superposed on Price | Liquidation events plotted directly on the BTC price curve. Cluster zones reveal cascading deleveraging events and the price levels that historically triggered the largest forced unwinds. | pro |
derivatives-ls-account-ratio-global-exchange | Long/Short Account Ratio — Global per Exchange | Ratio of accounts holding long positions versus short positions, per exchange. A ratio above 1 means more long accounts than short; extremes often coincide with crowded positioning vulnerable to a flush. | pro |
derivatives-basis-premium-perp-spot | Basis Premium — Perp vs Spot | Premium (or discount) of perpetual futures price over spot price. A persistent positive basis reflects durable bullish demand on derivatives; negative basis suggests spot-led pressure or short squeeze setups. | pro |
derivatives-exchange-dominance-rotation | Exchange Dominance — Rotation Over Time | Long-term derivatives volume dominance per exchange, highlighting the rotation of market leadership. Useful for identifying secular venue shifts driven by liquidity, regulation, or product innovation. | performance |
derivatives-tfpi-funding-pressure-indexEXCLUSIVE | TFPI — Trinity Funding Pressure Index | Composite Trinity Exclusive measuring sustained funding rate pressure across major perpetual venues. Bounded scale highlights cycle-grade extremes of bullish or bearish leverage demand. | performance |
derivatives-tloi-liquidation-outlier-indexEXCLUSIVE | TLOI — Trinity Liquidation Outlier Index | Composite Trinity Exclusive that ranks the magnitude of liquidation flushes against their historical distribution. Outlier values flag rare deleveraging events worth contextualizing in cycle position. | performance |
derivatives-tlsr-long-short-regimeEXCLUSIVE | TLSR — Trinity Long/Short Regime | Composite Trinity Exclusive smoothing the cross-exchange long/short account ratio into a regime indicator. Bounded scale identifies durable directional positioning bias. | performance |
derivatives-tpsp-perp-spot-premiumEXCLUSIVE | TPSP — Trinity Perp-Spot Premium | Composite Trinity Exclusive normalizing the perpetual-spot premium across major venues. Highlights persistent dislocations between derivatives and spot pricing on a cycle-aware scale. | performance |
derivatives-tdoi-overheat-indexEXCLUSIVE | TDOI — Trinity Derivatives Overheat Index | Composite Trinity Exclusive aggregating funding pressure, liquidation outliers, long/short regime and basis premium into a single overheat reading. The bounded gauge surfaces cycle-grade derivatives stress. | performance |
derivatives-cme-cftc-cot-bitcoin-positions | CME — CFTC COT Bitcoin Positions | Weekly Commitment of Traders report from the CFTC, decomposing Bitcoin futures positions by trader category (asset managers, leveraged funds, dealers). Reveals institutional positioning trends. | pro |
derivatives-cme-bitcoin-futures-oi-weekly | CME — Bitcoin Futures Open Interest Weekly | Weekly open interest of CME Bitcoin futures from official CME Group reports. The institutional benchmark for Bitcoin futures positioning, distinct from offshore perpetual venues. | pro |
derivatives-cme-cftc-long-short-ratio-weekly | CME — CFTC Long/Short Ratio Weekly | Weekly long versus short ratio derived from the CFTC COT report on CME Bitcoin futures. Tracks how regulated institutional traders sit on net positioning over time. | pro |
derivatives-dex-hyperliquid-whale-tracker | DEX — Hyperliquid Whale Tracker | Aggregated view of large positions on the Hyperliquid native API. Tracks size, side and entry levels of the heaviest open positions on the leading on-chain perpetual DEX. | performance |
derivatives-cg-cross-exchange-asset-compare | Cross-Exchange Asset Compare Snapshot | Live comparison BTC/ETH/SOL across 30+ venues — funding, OI, volume, spread, trust score simultaneously. | free |
derivatives-cg-funding-rate-outliers-live | Funding Rate Outliers Live (21K Markets Scan) | Top 20 funding rate extremes detected across 21 905 derivatives markets — squeeze opportunities long-tail. | pro |
derivatives-cg-derivatives-universe-heatmap | Derivatives Universe Heatmap | Treemap 21 905 tickers grouped by exchange × asset, sized by OI USD — panoramic view including long-tail. | pro |
derivatives-cg-new-listings-tracker | Derivatives New Listings Tracker | Daily diff timeline of new perpetuals/futures listed across 199 exchanges — emerging narrative early-detection. | pro |
derivatives-cg-oi-concentration-pareto | OI Concentration Pareto Distribution | Pareto distribution top 100 markets vs long-tail (log axis) — measures macro-structure concentration crypto derivatives. | performance |
Institutional disclaimer
Trinity Insights is an educational and analytical tool. The metrics listed do not constitute investment advice. Trinity Insights is not a Crypto-Asset Service Provider (CASP) registered under MiCA Regulation (EU) 2023/1114. See the full disclaimer.