tracking-crypto-derivatives

# Tracking Crypto Derivatives

## Overview

Comprehensive derivatives market analysis across centralized and decentralized exchanges. This skill aggregates funding rates, open interest, liquidations, and options data to provide actionable trading insights.

**Supported Markets**:
- **Perpetual Swaps**: Binance, Bybit, OKX, Deribit, BitMEX
- **Futures**: Quarterly and monthly contracts
- **Options**: Deribit (primary), OKX, Bybit
- **DEX Perpetuals**: dYdX, GMX, Drift Protocol

## Prerequisites

Before using this skill, ensure you have:
- Python 3.8+ installed
- Network access to exchange APIs
- Optional: API keys for higher rate limits
- Understanding of derivatives concepts (funding, OI, basis)

## Instructions

### Step 1: Check Funding Rates

Monitor funding rates across exchanges to identify sentiment and arbitrage opportunities.

```bash
# Check BTC funding rates across all exchanges
python derivatives_tracker.py funding BTC

# Check multiple assets
python derivatives_tracker.py funding BTC ETH SOL

# Show historical average
python derivatives_tracker.py funding BTC --history 7d
```

**Interpret Results**:
- **Positive funding** (>0.01%): Longs pay shorts, bullish sentiment
- **Negative funding** (<-0.01%): Shorts pay longs, bearish sentiment
- **Extreme funding** (>0.1%): Potential contrarian opportunity

### Step 2: Analyze Open Interest

Track open interest to gauge market positioning and trend strength.

```bash
# Get BTC open interest across exchanges
python derivatives_tracker.py oi BTC

# Show OI changes over time
python derivatives_tracker.py oi BTC --changes

# Compare OI vs price
python derivatives_tracker.py oi BTC --divergence
```

**OI Interpretation**:
- **Rising OI + Rising Price**: Strong bullish trend
- **Rising OI + Falling Price**: Strong bearish trend
- **Falling OI + Rising Price**: Short covering rally
- **Falling OI + Falling Price**: Long liquidations

### Step 3: Monitor Liquidations

Track liquidation levels and recent liquidation even