Crypto Derivatives Tracker

Track cryptocurrency futures, options, and perpetual swaps with funding rates, open interest, liquidations, and advanced derivatives market analysis.

Features

• Perpetual Swaps - Funding rates, long/short ratios, liquidation levels
• Futures Analysis - Open interest, basis trading, contango/backwardation
• Options Intelligence - IV, options flow, put/call ratio, Greeks
• Market Metrics - Total OI, leverage ratios, volume analysis
• Trading Signals - Funding extremes, OI divergence, liquidation cascades
• Multi-Exchange - Binance, Bybit, OKX, Deribit, and more

Installation

/plugin install crypto-derivatives-tracker@claude-code-plugins-plus

Usage

The derivatives agent automatically activates when you discuss:

• Futures, options, or perpetual swaps
• Funding rates and open interest
• Derivatives trading strategies
• Liquidation analysis
• Basis trading opportunities

Example Queries

What's the current funding rate for BTC perpetuals?

Show me open interest across all BTC futures

Analyze options flow for ETH expiring Friday

Is there a basis trading opportunity for BTC?

Where are the major liquidation levels?

Compare funding rates across Binance, Bybit, and OKX

Supported Markets

Centralized Exchanges

• Binance Futures - Largest volume, USDT and coin-margined
• Bybit - Popular perpetuals, good liquidity
• OKX - Comprehensive derivatives suite
• Deribit - Largest crypto options exchange
• Kraken Futures - Regulated US options
• BitMEX - Crypto perpetuals pioneer

Decentralized Protocols

• dYdX - Perpetuals on Ethereum/StarkEx
• GMX - Perpetuals on Arbitrum/Avalanche
• Synthetix - Synthetic assets and perps
• Perpetual Protocol - vAMM-based
• Drift Protocol - Solana perpetuals

Configuration

Create a .derivatives-config.json file:

{
  "exchanges": ["binance", "bybit", "okx", "deribit"],
  "assets": ["BTC", "ETH", "SOL"],
  "monitoring": {
    "fundingRateAlert": 0.1,
    "oiChangeAlert": 0.15,
    "liquidationThreshold": 10000000
  },
  "trading": {
    "riskLevel": "medium",
    "maxLeverage": 5,
    "defaultPositionSize": 0.02
  }
}

Key Metrics Explained

Funding Rates

• Positive funding: Longs pay shorts (bullish sentiment)
• Negative funding: Shorts pay longs (bearish sentiment)
• Extreme rates (>0.1% 8-hour): Contrarian opportunity

Open Interest (OI)

• Rising OI + Rising Price: Strong bullish trend
• Rising OI + Falling Price: Strong bearish trend
• Falling OI + Rising Price: Short covering
• Falling OI + Falling Price: Long liquidations

Futures Basis

• Contango (positive): Futures > spot (normal)
• Backwardation (negative): Futures < spot (high demand)
• Cash-and-carry: Buy spot + sell futures

Options Greeks

• Delta: Price sensitivity
• Gamma: Rate of delta change
• Vega: Volatility sensitivity
• Theta: Time decay

Trading Strategies

1. Funding Rate Arbitrage

Long spot + Short perpetual when funding > 0.1%

2. Basis Trading

Buy spot + Sell quarterly futures when basis > 5% annualized

3. Liquidation Hunting

Target clusters of liquidations for potential cascades

4. Options Volatility Trading

Buy straddles when IV low, sell spreads when IV high

5. Options Flow Following

Track smart money positioning via unusual options activity

Data Sources

• Coinglass: OI, funding, liquidations
• Glassnode: On-chain + derivatives
• Laevitas: Advanced analytics
• Exchange APIs: Binance, Deribit, Bybit, OKX
• The Graph: DEX derivatives data

Risk Management

️ Critical Considerations:

• Derivatives use leverage - high risk of liquidation
• Funding costs accumulate in perpetuals
• Options can expire worthless (theta decay)
• Exchange counterparty risk
• Volatile markets can gap through stop losses

Best Practices

1. Use appropriate position sizing
2. Monitor liquidation prices continuously
3. Account for funding costs
4. Spread positions across exchanges
5. Keep most funds in cold storage

Risk Disclaimer

️ Crypto derivatives are extremely risky instruments.

Users should:

• Fully understand leverage and liquidation mechanics
• Only trade with funds they can afford to lose
• Use proper position sizing and risk management