This tab lets you monitor the crypto derivatives market in real time.

It brings together key data like forced liquidation ratios, long vs. short positions by exchange, funding rates, and open interest—giving you a clear picture of overall market risk at a glance.

Forced Liquidation Rate

1. At the top of the 'Liquidation Rate' tab, you'll see the number of traders liquidated over the past 24 hours. This helps you gauge the scale of forced liquidations within a short time frame.

2. Tap the ‘All’ button to select a coin, and use the top-right menu to set the time interval.

3. The table breaks down liquidation data by platform—including total amount, rate, long-short position ratios, and dominant positions—so you can easily compare across platforms.

4. Below that, you can view key metrics like the total liquidation amount, the liquidation rate relative to overall positions, the size of long and short positions, and which side is currently dominant.

💡 What is Forced Liquidation?

Forced liquidation occurs when losses on an open futures position grow large enough that the account’s margin balance falls below the maintenance margin. At that point, the exchange automatically closes the position.

This process is triggered automatically when the mark price hits the liquidation price, and the user may lose their entire maintenance margin. During periods of high market volatility, asset prices can swing sharply—making forced liquidations more frequent.

Platforms execute this process automatically based on pre-defined rules.

Long-Short Ratio

1. Tap the ‘BTC’ button at the top to switch to another coin and check its long vs. short position ratio.

2. Use the top-right menu to set the time range. You can view how the long-short ratio has changed over 1-hour, 4-hour, 12-hour, or 24-hour intervals.

3. Below that, you’ll see the long and short position ratios by platform—making it easy to compare positioning across platforms.

💡 What is the Long-Short Ratio?

The long-short ratio shows the proportion of long (buy) and short (sell) positions in the crypto futures market. It reflects the sentiment of traders and where they think the market is headed.

For example, if the ratio is 70:30, it means 70% of positions are betting on a price increase (long), while 30% are expecting a drop (short).

This ratio is useful for reading market trends, but when too many traders are on one side, the market can quickly swing the other way, leading to events like a long squeeze or short squeeze. That’s why it should be read with caution.

Funding Rate

1. Tap the ‘BTC’ button at the top to select a different coin and view its funding rates. Rates from major platforms are displayed side by side for easy comparison.

2. The top section also shows which platforms have the highest and lowest funding rates, giving you a quick view of current market sentiment.



💡 What is the Funding Rate?

The funding rate is a mechanism used to align the price of perpetual futures with the spot price. It involves periodic payments between traders holding long and short positions, depending on market conditions.

If one side becomes more heavily weighted, traders on that side pay funding fees to those holding the opposite position.

For example, when the market is in an uptrend and the funding rate is positive,

→ long position holders pay funding fees to short position holders.

On the other hand, when the market is in a downtrend and the funding rate is negative,

→ short position holders pay funding fees to long position holders.

This mechanism helps keep the price of perpetual futures from drifting too far from the spot price. In other words, the funding rate plays a key role in maintaining balance in the futures market.

Open Interest



1. Tap the ‘BTC’ button at the top to switch to another coin. You can view the selected coin’s open interest in both BTC and USD terms.

2. Below that, the share of open interest by major platforms is displayed. Each platform’s position size is shown in both BTC and USD terms, making it easy to see where positions are concentrated.



💡 What is Open Interest?



Open interest refers to the total number of futures or options contracts that are still active and have not been settled. Simply put, it shows how many positions traders are currently holding.

An increase in this number can indicate growing market participation, while a decrease may suggest that positions are being closed out.

When assessing market direction, it's helpful to look at open interest along with other indicators like the long-short ratio and funding rate.