Tracking Crypto Derivatives
Overview
Aggregate funding rates, open interest, liquidations, and options data across CEX and DEX derivatives exchanges to produce actionable trading insights.
Supported Markets: Perpetual Swaps (Binance, Bybit, OKX, Deribit, BitMEX), Quarterly Futures, Options (Deribit, OKX, Bybit), DEX Perpetuals (dYdX, GMX, Drift Protocol).
Prerequisites
- Python 3.8+ installed
- Network access to exchange APIs
- Optional: API keys for higher rate limits
- Understanding of derivatives concepts (funding, OI, basis)
Instructions
Check funding rates across exchanges to identify sentiment and arbitrage opportunities:
python derivatives_tracker.py funding BTC
python derivatives_tracker.py funding BTC ETH SOL
python derivatives_tracker.py funding BTC --history 7d
- Positive funding (>0.01%): Longs pay shorts, bullish sentiment
- Negative funding (<-0.01%): Shorts pay longs, bearish sentiment
- Extreme funding (>0.1%): Potential contrarian opportunity
Analyze open interest to gauge market positioning and trend strength:
python derivatives_tracker.py oi BTC
python derivatives_tracker.py oi BTC --changes
python derivatives_tracker.py oi BTC --divergence
- Rising OI + Rising Price = strong bullish trend
- Rising OI + Falling Price = strong bearish trend
- Falling OI + Rising Price = short covering rally
- Falling OI + Falling Price = long liquidations
Monitor liquidations to find support/resistance clusters:
python derivatives_tracker.py liquidations BTC
python derivatives_tracker.py liquidations BTC --recent
python derivatives_tracker.py liquidations BTC --min-size 100000 # 100000 = minimum USD liquidation size filter
Analyze options market for IV, put/call ratio, and max pain:
python derivatives_tracker.py options BTC
python derivatives_tracker.py options BTC --pcr
python derivatives_tracker.py options BTC --expiry 2025-01-31 # 2025 = target expiry year
Calculate basis for spot-futures arbitrage opportunities:
python derivatives_tracker.py basis BTC
python derivatives_tracker.py basis BTC --quarterly
python derivatives_tracker.py basis --all
Run full dashboard for comprehensive derivatives overview:
python derivatives_tracker.py dashboard BTC
python derivatives_tracker.py dashboard BTC ETH SOL
python derivatives_tracker.py dashboard BTC --output json
Output
The skill produces structured reports per market type:
- Funding Rate Report: Current, 24h avg, 7d avg rates per exchange with annualized yield and sentiment
- Open Interest Report: OI per exchange with 24h/7d changes, share %, and long/short ratio
- Liquidation Heatmap: Long/short liquidation clusters by price level with USD density
- Options Overview: Put/call ratio, IV rank, max pain, and large flow alerts
- Basis Report: Spot-perp and quarterly basis with annualized carry rates
See ${CLAUDE_SKILL_DIR}/references/implementation.md for detailed output format examples.
Error Handling
| Error |
Cause |
Fix |
ERR_RATE_LIMIT |
Too many API requests |
Reduce frequency or add API key |
ERR_EXCHANGE_DOWN |
Exchange API unavailable |
Try alternative exchange |
ERR_SYMBOL_INVALID |
Wrong symbol format |
Use BTC, ETH (not BTCUSDT) |
Examples
Morning derivatives check - Scan funding, OI, and liquidations for top assets:
python derivatives_tracker.py dashboard BTC ETH SOL
Funding rate arbitrage - Alert when funding exceeds threshold for cash-and-carry:
python derivatives_tracker.py funding BTC --alert-threshold 0.08
Pre-expiry options analysis - Check max pain and IV before Friday expiry:
python derivatives_tracker.py options BTC --expiry friday
Basis trading scan - Find all pairs with annualized yield above 5%:
python derivatives_tracker.py basis --all --min-yield 5 # 5 = minimum annualized yield %
Resources
- Coinglass: Aggregated derivatives data
- Exchange APIs: Binance, Bybit, OKX, Deribit
- The Graph: DEX perpetuals data
${CLAUDE_SKILL_DIR}/references/implementation.md - Detailed output formats, options/basis guides, key concepts
1---2name: tracking-crypto-derivatives3description: |4 Track cryptocurrency futures, options, and perpetual swaps with funding rates, open interest, liquidations, and comprehensive derivatives market analysis.5 Use when monitoring derivatives markets, analyzing funding rates, tracking open interest, finding liquidation levels, or researching options flow.6 Trigger with phrases like "funding rate", "open interest", "perpetual swap", "futures basis", "liquidation levels", "options flow", "put call ratio", "derivatives analysis", or "BTC perps".7allowed-tools: Read, Write, Edit, Grep, Glob, Bash(crypto:derivatives-*)8version: 1.0.09author: Jeremy Longshore <jeremy@intentsolutions.io>10license: MIT11compatible-with: claude-code, codex, openclaw12tags: [crypto, monitoring, tracking-crypto]1314---1516# Tracking Crypto Derivatives1718## Overview1920Aggregate funding rates, open interest, liquidations, and options data across CEX and DEX derivatives exchanges to produce actionable trading insights.2122**Supported Markets**: Perpetual Swaps (Binance, Bybit, OKX, Deribit, BitMEX), Quarterly Futures, Options (Deribit, OKX, Bybit), DEX Perpetuals (dYdX, GMX, Drift Protocol).2324## Prerequisites2526- Python 3.8+ installed27- Network access to exchange APIs28- Optional: API keys for higher rate limits29- Understanding of derivatives concepts (funding, OI, basis)3031## Instructions32331. **Check funding rates** across exchanges to identify sentiment and arbitrage opportunities:34 ```bash35 python derivatives_tracker.py funding BTC36 python derivatives_tracker.py funding BTC ETH SOL37 python derivatives_tracker.py funding BTC --history 7d38 ```39 - Positive funding (>0.01%): Longs pay shorts, bullish sentiment40 - Negative funding (<-0.01%): Shorts pay longs, bearish sentiment41 - Extreme funding (>0.1%): Potential contrarian opportunity42432. **Analyze open interest** to gauge market positioning and trend strength:44 ```bash45 python derivatives_tracker.py oi BTC46 python derivatives_tracker.py oi BTC --changes47 python derivatives_tracker.py oi BTC --divergence48 ```49 - Rising OI + Rising Price = strong bullish trend50 - Rising OI + Falling Price = strong bearish trend51 - Falling OI + Rising Price = short covering rally52 - Falling OI + Falling Price = long liquidations53543. **Monitor liquidations** to find support/resistance clusters:55 ```bash56 python derivatives_tracker.py liquidations BTC57 python derivatives_tracker.py liquidations BTC --recent58 python derivatives_tracker.py liquidations BTC --min-size 100000 # 100000 = minimum USD liquidation size filter59 ```60614. **Analyze options market** for IV, put/call ratio, and max pain:62 ```bash63 python derivatives_tracker.py options BTC64 python derivatives_tracker.py options BTC --pcr65 python derivatives_tracker.py options BTC --expiry 2025-01-31 # 2025 = target expiry year66 ```67685. **Calculate basis** for spot-futures arbitrage opportunities:69 ```bash70 python derivatives_tracker.py basis BTC71 python derivatives_tracker.py basis BTC --quarterly72 python derivatives_tracker.py basis --all73 ```74756. **Run full dashboard** for comprehensive derivatives overview:76 ```bash77 python derivatives_tracker.py dashboard BTC78 python derivatives_tracker.py dashboard BTC ETH SOL79 python derivatives_tracker.py dashboard BTC --output json80 ```8182## Output8384The skill produces structured reports per market type:8586- **Funding Rate Report**: Current, 24h avg, 7d avg rates per exchange with annualized yield and sentiment87- **Open Interest Report**: OI per exchange with 24h/7d changes, share %, and long/short ratio88- **Liquidation Heatmap**: Long/short liquidation clusters by price level with USD density89- **Options Overview**: Put/call ratio, IV rank, max pain, and large flow alerts90- **Basis Report**: Spot-perp and quarterly basis with annualized carry rates9192See `${CLAUDE_SKILL_DIR}/references/implementation.md` for detailed output format examples.9394## Error Handling9596| Error | Cause | Fix |97|-------|-------|-----|98| `ERR_RATE_LIMIT` | Too many API requests | Reduce frequency or add API key |99| `ERR_EXCHANGE_DOWN` | Exchange API unavailable | Try alternative exchange |100| `ERR_SYMBOL_INVALID` | Wrong symbol format | Use BTC, ETH (not BTCUSDT) |101102## Examples103104**Morning derivatives check** - Scan funding, OI, and liquidations for top assets:105```bash106python derivatives_tracker.py dashboard BTC ETH SOL107```108109**Funding rate arbitrage** - Alert when funding exceeds threshold for cash-and-carry:110```bash111python derivatives_tracker.py funding BTC --alert-threshold 0.08112```113114**Pre-expiry options analysis** - Check max pain and IV before Friday expiry:115```bash116python derivatives_tracker.py options BTC --expiry friday117```118119**Basis trading scan** - Find all pairs with annualized yield above 5%:120```bash121python derivatives_tracker.py basis --all --min-yield 5 # 5 = minimum annualized yield %122```123124## Resources125126- **Coinglass**: Aggregated derivatives data127- **Exchange APIs**: Binance, Bybit, OKX, Deribit128- **The Graph**: DEX perpetuals data129- `${CLAUDE_SKILL_DIR}/references/implementation.md` - Detailed output formats, options/basis guides, key concepts130
jeremylongshore