What you’ll see
The page is organized into three sections, each with an interactive chart and summary statistics. The default symbol is BTCUSDT — you can switch to other perpetual pairs using the symbol selector.Funding Rate
- What it shows
- How to read it
- What to watch for
A time series chart of the funding rate for the selected perpetual contract. Each data point represents the rate at the 8-hour settlement window (00:00, 08:00, 16:00 UTC).
Between settlements, Binance publishes intermediate funding rate estimates (roughly every few minutes). These pre-settlement snapshots show where the rate is trending before it locks in — they are not errors, they are estimates.
Open Interest
- What it shows
- How to read it
- What to watch for
The total value of outstanding futures contracts (in USD) for the selected pair. This is the sum of all open long and short positions.
Taker Buy/Sell Volume
- What it shows
- How to read it
- What to watch for
The ratio of taker buy volume to taker sell volume in the futures market. Taker orders are market orders that “take” liquidity from the order book — they represent urgency.
Data sources
All data on this page comes from Binance Futures REST API endpoints:| Metric | Endpoint | Update frequency |
|---|---|---|
| Funding Rate | /fapi/v1/fundingRate | Settles every 8h; estimates update every few minutes |
| Open Interest | /fapi/v1/openInterest | Every few minutes |
| Taker Buy/Sell Volume | /futures/data/takerlongshortRatio | Every few minutes |
Binance is the single source for all derivatives data on this page. We do not aggregate across exchanges. This means the data reflects Binance-specific dynamics — if a large position is opened on another exchange, it won’t appear here. For most traders, Binance’s dominance in futures volume makes this a reliable proxy for the broader market.
Tips
- Funding rate is mean-reverting. It oscillates around zero over time. Extreme readings in either direction tend to correct — the question is whether the correction comes from a price move or a positioning unwind.
- Combine all three metrics for a complete picture. Funding tells you the cost of holding positions, OI tells you the size of positions, and taker volume tells you the urgency of new orders. Together, they reveal the market’s leverage profile.
- Use the AI Chat for deeper analysis. Ask “What’s the derivatives setup for BTC?” and the Derivatives Agent will pull all three metrics, compute the positioning score, and synthesize a directional read.
- Watch for OI flushes. A sudden drop in OI (10%+ in hours) combined with a sharp price move is a liquidation event. The move is often overdone, and a reversal within 24-48 hours is common.
- The default BTCUSDT pair is the most liquid. Funding rates and OI signals are most reliable for BTC and ETH. For smaller altcoin perpetuals, low liquidity can cause noisy funding rates that don’t carry the same predictive weight.