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: Track cryptocurrency futures, options, and perpetual swaps with funding rates, open interest, liquidations, and comprehensive derivatives market analysis. Use when monitoring derivatives markets, analyzing funding rates, tracking open interest, finding liquidation levels, or researching options flow. Trigger with phrases like "funding rate", "open interest", "perpetual swap", "futures basis", "liquidation levels", "options flow", "put call ratio", "derivatives analysis", or "BTC perps".4license: MIT5---6# Tracking Crypto Derivatives78## Overview910Aggregate funding rates, open interest, liquidations, and options data across CEX and DEX derivatives exchanges to produce actionable trading insights.1112**Supported Markets**: Perpetual Swaps (Binance, Bybit, OKX, Deribit, BitMEX), Quarterly Futures, Options (Deribit, OKX, Bybit), DEX Perpetuals (dYdX, GMX, Drift Protocol).1314## Prerequisites1516- Python 3.8+ installed17- Network access to exchange APIs18- Optional: API keys for higher rate limits19- Understanding of derivatives concepts (funding, OI, basis)2021## Instructions22231. **Check funding rates** across exchanges to identify sentiment and arbitrage opportunities:24 ```bash25 python derivatives_tracker.py funding BTC26 python derivatives_tracker.py funding BTC ETH SOL27 python derivatives_tracker.py funding BTC --history 7d28 ```29 - Positive funding (>0.01%): Longs pay shorts, bullish sentiment30 - Negative funding (<-0.01%): Shorts pay longs, bearish sentiment31 - Extreme funding (>0.1%): Potential contrarian opportunity32332. **Analyze open interest** to gauge market positioning and trend strength:34 ```bash35 python derivatives_tracker.py oi BTC36 python derivatives_tracker.py oi BTC --changes37 python derivatives_tracker.py oi BTC --divergence38 ```39 - Rising OI + Rising Price = strong bullish trend40 - Rising OI + Falling Price = strong bearish trend41 - Falling OI + Rising Price = short covering rally42 - Falling OI + Falling Price = long liquidations43443. **Monitor liquidations** to find support/resistance clusters:45 ```bash46 python derivatives_tracker.py liquidations BTC47 python derivatives_tracker.py liquidations BTC --recent48 python derivatives_tracker.py liquidations BTC --min-size 100000 # 100000 = minimum USD liquidation size filter49 ```50514. **Analyze options market** for IV, put/call ratio, and max pain:52 ```bash53 python derivatives_tracker.py options BTC54 python derivatives_tracker.py options BTC --pcr55 python derivatives_tracker.py options BTC --expiry 2025-01-31 # 2025 = target expiry year56 ```57585. **Calculate basis** for spot-futures arbitrage opportunities:59 ```bash60 python derivatives_tracker.py basis BTC61 python derivatives_tracker.py basis BTC --quarterly62 python derivatives_tracker.py basis --all63 ```64656. **Run full dashboard** for comprehensive derivatives overview:66 ```bash67 python derivatives_tracker.py dashboard BTC68 python derivatives_tracker.py dashboard BTC ETH SOL69 python derivatives_tracker.py dashboard BTC --output json70 ```7172## Output7374The skill produces structured reports per market type:7576- **Funding Rate Report**: Current, 24h avg, 7d avg rates per exchange with annualized yield and sentiment77- **Open Interest Report**: OI per exchange with 24h/7d changes, share %, and long/short ratio78- **Liquidation Heatmap**: Long/short liquidation clusters by price level with USD density79- **Options Overview**: Put/call ratio, IV rank, max pain, and large flow alerts80- **Basis Report**: Spot-perp and quarterly basis with annualized carry rates8182See `${CLAUDE_SKILL_DIR}/references/implementation.md` for detailed output format examples.8384## Error Handling8586| Error | Cause | Fix |87|-------|-------|-----|88| `ERR_RATE_LIMIT` | Too many API requests | Reduce frequency or add API key |89| `ERR_EXCHANGE_DOWN` | Exchange API unavailable | Try alternative exchange |90| `ERR_SYMBOL_INVALID` | Wrong symbol format | Use BTC, ETH (not BTCUSDT) |9192## Examples9394**Morning derivatives check** - Scan funding, OI, and liquidations for top assets:95```bash96python derivatives_tracker.py dashboard BTC ETH SOL97```9899**Funding rate arbitrage** - Alert when funding exceeds threshold for cash-and-carry:100```bash101python derivatives_tracker.py funding BTC --alert-threshold 0.08102```103104**Pre-expiry options analysis** - Check max pain and IV before Friday expiry:105```bash106python derivatives_tracker.py options BTC --expiry friday107```108109**Basis trading scan** - Find all pairs with annualized yield above 5%:110```bash111python derivatives_tracker.py basis --all --min-yield 5 # 5 = minimum annualized yield %112```113114## Resources115116- **Coinglass**: Aggregated derivatives data117- **Exchange APIs**: Binance, Bybit, OKX, Deribit118- **The Graph**: DEX perpetuals data119- `${CLAUDE_SKILL_DIR}/references/implementation.md` - Detailed output formats, options/basis guides, key concepts120
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