Explainers
Each with live numbers
What is open interest?The total size of open futures positions, and what it means when it rises or falls with price.
What is the funding rate?The periodic payment between longs and shorts that keeps a perpetual close to spot.
What are liquidations?Forced closes of leveraged positions, and why the public numbers are a floor, not a total.
What is the long/short ratio?The share of accounts that are net long, what it counts and what it does not.
What is CVD (cumulative volume delta)?The running total of aggressive buying minus aggressive selling, for spot and perps.
What is basis?The gap between a futures price and spot, and how funding keeps a perpetual's basis small.