Periodic payments between long and short traders in perpetual futures contracts. Positive rates mean longs pay shorts; negative rates mean shorts pay longs. Keeps perpetual prices anchored to spot.
Extremely positive funding = crowded long positioning, vulnerable to long squeeze. Negative funding during uptrends = healthy, not overleveraged. Persistently negative = bearish positioning.
Cumulative Volume Delta for spot markets — the running total of the difference between taker buy and taker sell volume on exchanges.
The curve showing futures contract prices across different expiration dates. Shows the relationship between spot price and forward delivery prices at various maturities.
The forced closing of leveraged positions when margin requirements are not met. Liquidation data shows the dollar value and direction (long vs short) of liquidated positions.
The total daily trading volume of Bitcoin futures contracts across all exchanges. Measures the level of speculative activity and leveraged trading.