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 Derivatives
7
8## Overview
9
10Aggregate funding rates, open interest, liquidations, and options data across CEX and DEX derivatives exchanges to produce actionable trading insights.
11
12**Supported Markets**: Perpetual Swaps (Binance, Bybit, OKX, Deribit, BitMEX), Quarterly Futures, Options (Deribit, OKX, Bybit), DEX Perpetuals (dYdX, GMX, Drift Protocol).
13
14## Prerequisites
15
16- Python 3.8+ installed
17- Network access to exchange APIs
18- Optional: API keys for higher rate limits
19- Understanding of derivatives concepts (funding, OI, basis)
20
21## Instructions
22
231. **Check funding rates** across exchanges to identify sentiment and arbitrage opportunities:
24 ```bash
25 python derivatives_tracker.py funding BTC
26 python derivatives_tracker.py funding BTC ETH SOL
27 python derivatives_tracker.py funding BTC --history 7d
28 ```
29 - Positive funding (>0.01%): Longs pay shorts, bullish sentiment
30 - Negative funding (<-0.01%): Shorts pay longs, bearish sentiment
31 - Extreme funding (>0.1%): Potential contrarian opportunity
32
332. **Analyze open interest** to gauge market positioning and trend strength:
34 ```bash
35 python derivatives_tracker.py oi BTC
36 python derivatives_tracker.py oi BTC --changes
37 python derivatives_tracker.py oi BTC --divergence
38 ```
39 - Rising OI + Rising Price = strong bullish trend
40 - Rising OI + Falling Price = strong bearish trend
41 - Falling OI + Rising Price = short covering rally
42 - Falling OI + Falling Price = long liquidations
43
443. **Monitor liquidations** to find support/resistance clusters:
45 ```bash
46 python derivatives_tracker.py liquidations BTC
47 python derivatives_tracker.py liquidations BTC --recent
48 python derivatives_tracker.py liquidations BTC --min-size 100000 # 100000 = minimum USD liquidation size filter
49 ```
50
514. **Analyze options market** for IV, put/call ratio, and max pain:
52 ```bash
53 python derivatives_tracker.py options BTC
54 python derivatives_tracker.py options BTC --pcr
55 python derivatives_tracker.py options BTC --expiry 2025-01-31 # 2025 = target expiry year
56 ```
57
585. **Calculate basis** for spot-futures arbitrage opportunities:
59 ```bash
60 python derivatives_tracker.py basis BTC
61 python derivatives_tracker.py basis BTC --quarterly
62 python derivatives_tracker.py basis --all
63 ```
64
656. **Run full dashboard** for comprehensive derivatives overview:
66 ```bash
67 python derivatives_tracker.py dashboard BTC
68 python derivatives_tracker.py dashboard BTC ETH SOL
69 python derivatives_tracker.py dashboard BTC --output json
70 ```
71
72## Output
73
74The skill produces structured reports per market type:
75
76- **Funding Rate Report**: Current, 24h avg, 7d avg rates per exchange with annualized yield and sentiment
77- **Open Interest Report**: OI per exchange with 24h/7d changes, share %, and long/short ratio
78- **Liquidation Heatmap**: Long/short liquidation clusters by price level with USD density
79- **Options Overview**: Put/call ratio, IV rank, max pain, and large flow alerts
80- **Basis Report**: Spot-perp and quarterly basis with annualized carry rates
81
82See `${CLAUDE_SKILL_DIR}/references/implementation.md` for detailed output format examples.
83
84## Error Handling
85
86| 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) |
91
92## Examples
93
94**Morning derivatives check** - Scan funding, OI, and liquidations for top assets:
95```bash
96python derivatives_tracker.py dashboard BTC ETH SOL
97```
98
99**Funding rate arbitrage** - Alert when funding exceeds threshold for cash-and-carry:
100```bash
101python derivatives_tracker.py funding BTC --alert-threshold 0.08
102```
103
104**Pre-expiry options analysis** - Check max pain and IV before Friday expiry:
105```bash
106python derivatives_tracker.py options BTC --expiry friday
107```
108
109**Basis trading scan** - Find all pairs with annualized yield above 5%:
110```bash
111python derivatives_tracker.py basis --all --min-yield 5 # 5 = minimum annualized yield %
112```
113
114## Resources
115
116- **Coinglass**: Aggregated derivatives data
117- **Exchange APIs**: Binance, Bybit, OKX, Deribit
118- **The Graph**: DEX perpetuals data
119- `${CLAUDE_SKILL_DIR}/references/implementation.md` - Detailed output formats, options/basis guides, key concepts
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