At TradingView, we’re constantly working to provide you with more market insights. Our latest update expands crypto metrics coverage: you can now explore crypto futures and perpetual swaps from Bitget, HTX, Kraken, Deribit, Bitmex, and Coinbase with even more precision.
This means access to powerful metrics like funding rates, liquidations, long/short ratios, and open interest from some of the world’s most active exchanges. All indicators are available in the Indicators menu, Financials tab, ready to be applied directly to your charts.
Understanding derivatives activity is key to analyzing market dynamics. These indicators make it easier to spot trends, track investors’ expectations, and anticipate shifts. Let’s break down each of them to see how you can maximize them.
Assessing market pressure with funding rate
The funding rate is a periodic cash flow that keeps perpetual futures aligned with spot prices. As perpetuals don’t expire, exchanges introduced the funding rate as a balancing force.
- Positive funding rate means perpetuals trade above spot, longs pay shorts, so there’s strong buying pressure from traders betting on price increases
- Negative funding rate happens when perpetuals trade below spot, shorts pay longs, meaning selling pressure dominates
This indicator helps you gauge where market pressure is coming from and whether futures prices are too far from the spot prices.
Identifying reversal points with liquidations
Liquidations occur when leveraged positions are automatically closed because margin requirements aren’t met. There are two types:
- Buy-side liquidations: exchanges close shorts by buying back the asset
- Sell-side liquidations: exchanges close longs by selling the asset
Analyzing liquidations can help you see where the market might turn. Long liquidations often come after a drop, and short liquidations usually happen after a sudden spike. Once that forced buying or selling is over, the market settles down, often creating a short-term top/bottom and hinting at a possible reversal.
Exploring sentiment with long/short accounts
We’ve added two indicators to help you better understand investors’ mood.
Long/short ratio accounts show how many accounts are holding long vs. short positions — a clean read on overall sentiment. You can use this metric to check if participants are leaning bullish or bearish.
Note that each account is counted once, regardless of position size.
Another helpful indicator is Long short accounts % — this shows you the percentage of traders with long positions (expecting price increases) and those with short positions (expecting declines). Together, the two values always add up to 100%, making shifts easier to track.
Studying market movements with open interest
Open interest measures the total number of active futures contracts (those that have not been closed or settled) at any given point in time.
It can be displayed in contracts, base, or quote currency depending on the exchange. By tracking this value alongside price, you can see whether market movements are backed by new money or position liquidation. For example, rising open interest with rising prices signals new positions entering on the long side, while rising value with falling prices indicates new shorts being added. In contrast, falling OI with price moves suggests that existing positions are being closed or liquidated rather than expanded.
We hope this update will help you better navigate global markets. Let us know what you think — your ideas help us improve the platform.
Team TradingView