AskFast

faithfulness_score: Hallucinations (40/40): [1] ### How to Track Open Interest (OI) – The Most Practical Ways → Open Interest is a key metric for futures, perpetual swaps, and options markets | [2] ### How to Track Open Interest (OI) – The Most Practical Ways → Below is a quick‑start guide that covers **free tools, paid platforms, and API options** so you can pick the method that fits your workflow | [3] ## 1️⃣ Free & Browser‑Based Options → | Platform -- **CoinGecko → Derivatives** | What It Shows -- OI for BTC, ETH, major alt‑perps (Binance, Bybit, OKX, etc.) | Frequency -- Real‑time (refresh every ~30 s) | How to Use -- Search the token → “Derivatives” tab → scroll to “Open Interest”. | | [4] ## 1️⃣ Free & Browser‑Based Options → | Platform -- **CoinMarketCap → Futures** | What It Shows -- OI per exchange, plus funding rates | Frequency -- Real‑time | How to Use -- Same as above – look under the “Futures” section. | | [5] ## 1️⃣ Free & Browser‑Based Options → | Platform -- **Binance Futures UI** | What It Shows -- OI per contract, heat‑map view | Frequency -- Real‑time | How to Use -- Open the Futures page → select a contract → “Open Interest” chart (top‑right). | | [6] ## 1️⃣ Free & Browser‑Based Options → | Platform -- **Bybit / OKX / Kraken Futures UI** | What It Shows -- OI per contract, often with OI change % | Frequency -- Real‑time | How to Use -- Navigate to the contract page → OI displayed next to price. | | [7] ## 1️⃣ Free & Browser‑Based Options → | Platform -- **TradingView** | What It Shows -- OI indicator (via “Open Interest” built‑in) | Frequency -- Real‑time (depends on data source) | How to Use -- Add the “Open Interest” indicator to a chart (click “Indicators → Open Interest”). | | [8] ## 1️⃣ Free & Browser‑Based Options → | Platform -- **CryptoQuant / Glassnode (free tier)** | What It Shows -- OI for major perpetuals, plus OI change % | Frequency -- 5‑minute updates | How to Use -- Sign up → “Derivatives → Open Interest” dashboard. | | [9] ## 1️⃣ Free & Browser‑Based Options → **Why it works:** These sites pull data directly from exchange APIs, so you see the same numbers traders see on the order books | [10] ## 2️⃣ Paid Data & Analytics Platforms (More Depth) → | Platform -- **Coinglass (now **Bybt**) Premium** | Key Features -- OI heat‑maps across > 30 exchanges, OI‑by‑price‑level, funding‑rate overlay, alerts. | Typical Cost -- $15‑$30 / mo | | [11] ## 2️⃣ Paid Data & Analytics Platforms (More Depth) → | Platform -- **Skew (now **Deribit Analytics**) Pro** | Key Features -- Granular OI distribution, OI‑by‑strike for options, historical OI charts. | Typical Cost -- $30‑$100 / mo | | [12] ## 2️⃣ Paid Data & Analytics Platforms (More Depth) → | Platform -- **CryptoQuant Premium** | Key Features -- OI + on‑chain funding flow, OI‑to‑volume ratios, OI‑change alerts. | Typical Cost -- $20‑$50 / mo | | [13] ## 2️⃣ Paid Data & Analytics Platforms (More Depth) → | Platform -- **Messari Pro** | Key Features -- OI for major futures, plus research notes on OI spikes. | Typical Cost -- $39‑$99 / mo | | [14] ## 2️⃣ Paid Data & Analytics Platforms (More Depth) → | Platform -- **TokenAnalyst (now **IntoTheBlock**) Pro** | Key Features -- OI + trader sentiment, OI‑to‑liquidations forecast. | Typical Cost -- $30‑$70 / mo | | [15] ## 2️⃣ Paid Data & Analytics Platforms (More Depth) → **When to use:** If you need **historical OI data**, OI‑by‑price‑level visualizations, or automated alerts (e.g., “OI spikes > 10 % in 1 h”) | [16] ## 3️⃣ Direct API Access (For Bots, Dashboards, or Custom Alerts) → | API -- **Binance Futures API** | Endpoint (example) -- `GET /fapi/v1/openInterest?symbol=BTCUSDT` | Data Returned -- Current OI (contracts) | Rate Limits / Cost -- 1200 req/min (free) | | [17] ## 3️⃣ Direct API Access (For Bots, Dashboards, or Custom Alerts) → | API -- **Bybit API** | Endpoint (example) -- `GET /v5/market/open-interest?symbol=BTCUSDT` | Data Returned -- OI + timestamp | Rate Limits / Cost -- 30 req/s (free) | | [18] ## 3️⃣ Direct API Access (For Bots, Dashboards, or Custom Alerts) → | API -- **OKX API** | Endpoint (example) -- `GET /api/v5/public/open-interest?instId=BTC-USD-SWAP` | Data Returned -- OI (contracts) | Rate Limits / Cost -- 20 req/s (free) | | [19] ## 3️⃣ Direct API Access (For Bots, Dashboards, or Custom Alerts) → | API -- **Deribit API** | Endpoint (example) -- `GET /public/get_open_interest?instrument_name=BTC-PERPETUAL` | Data Returned -- OI (contracts) | Rate Limits / Cost -- 10 req/s (free) | | [20] ## 3️⃣ Direct API Access (For Bots, Dashboards, or Custom Alerts) → | API -- **Coinglass API (paid)** | Endpoint (example) -- `GET /v1/open_interest?symbol=BTC&exchange=binance` | Data Returned -- OI + OI change % | Rate Limits / Cost -- Tiered pricing, starts at $15/mo | | [21] ## 3️⃣ Direct API Access (For Bots, Dashboards, or Custom Alerts) → | API -- **CryptoQuant API** | Endpoint (example) -- `GET /v1/futures/open_interest?symbol=BTC` | Data Returned -- OI + historical series | Rate Limits / Cost -- Free tier limited, paid for full history | | [22] ## 3️⃣ Direct API Access (For Bots, Dashboards, or Custom Alerts) → **How to set up a quick monitor (Python example)** → ```python import requests, time BINANCE_OI_URL = "https://fapi.binance.com/fapi/v1/openInterest?symbol=BTCUSDT" def fetch_oi(): resp = requests.get(BINANCE_OI_URL) data = resp.json() return int(data["openInterest"]) while True: oi = fetch_oi() print(f"{time.strftime('%H:%M:%S')} BTC OI: {oi:,}") time.sleep(30) # adjust interval as needed ``` | [23] ## 3️⃣ Direct API Access (For Bots, Dashboards, or Custom Alerts) → **How to set up a quick monitor (Python example)** → *Tip:* Store the last value and trigger an alert when `abs(cur - prev) / prev > 0.1` (10 % change) to catch spikes | [24] ## 4️⃣ What to Look At When Interpreting OI → | Situation -- **OI ↑ + Price ↑** | Typical Meaning -- New money entering long side → bullish continuation. | | [25] ## 4️⃣ What to Look At When Interpreting OI → | Situation -- **OI ↑ + Price ↓** | Typical Meaning -- New shorts are being added (or longs are covering) → bearish pressure. | | [26] ## 4️⃣ What to Look At When Interpreting OI → | Situation -- **OI ↓ + Price ↑** | Typical Meaning -- Longs are closing positions, possibly taking profit → watch for reversal. | | [27] ## 4️⃣ What to Look At When Interpreting OI → | Situation -- **OI ↓ + Price ↓** | Typical Meaning -- Traders exiting short side → could be a short‑cover rally. | | [28] ## 4️⃣ What to Look At When Interpreting OI → | Situation -- **Huge OI at a specific price level** | Typical Meaning -- Potential support/resistance; a breakout may trigger mass liquidations. | | [29] ## 4️⃣ What to Look At When Interpreting OI → | Situation -- **Funding Rate vs OI** | Typical Meaning -- If funding is strongly positive (longs paying shorts) while OI is high, longs may be over‑leveraged – watch for a squeeze. | | [30] ## 5️⃣ Quick‑Start Checklist → **Pick a primary source** – e.g., Binance Futures UI for spot‑check, or Binance API for automation | [31] ## 5️⃣ Quick‑Start Checklist → **Set a baseline** – note today’s OI for the contracts you trade (BTC‑USDT, ETH‑USDT, etc.) | [32] ## 5️⃣ Quick‑Start Checklist → **Add a change monitor** – 5 %/hour or 10 %/day thresholds are common | [33] ## 5️⃣ Quick‑Start Checklist → **Combine with funding rates** – most exchanges display funding next to OI; divergent signals are red flags | [34] ## 5️⃣ Quick‑Start Checklist → **Cross‑check across exchanges** – if OI spikes on one exchange but not others, it may be a localized flow (e.g., a large trader on that venue) | [35] ## 5️⃣ Quick‑Start Checklist → **Log historical data** – keep a CSV of OI vs price to spot patterns (e.g., “OI peaks before a 5‑10 % rally”) | [36] ## 5️⃣ Quick‑Start Checklist → ### TL;DR → **Free:** CoinGecko/CMc derivatives tabs, exchange UI, TradingView indicator | [37] ## 5️⃣ Quick‑Start Checklist → ### TL;DR → **Paid:** Coinglass/Bybt, CryptoQuant, Skew/Deribit Analytics for deeper visualizations and alerts | [38] ## 5️⃣ Quick‑Start Checklist → ### TL;DR → **API:** Binance, Bybit, OKX, Deribit (free) – perfect for bots or custom dashboards | [39] ## 5️⃣ Quick‑Start Checklist → ### TL;DR → **Interpretation:** Look at OI + price + funding to gauge market bias; watch for large OI clusters as support/resistance | [40] Feel free to ask if you’d like a ready‑made script for a specific exchange or help setting up alerts on a platform like **Coinglass**