The curve showing futures contract prices across different expiration dates. Shows the relationship between spot price and forward delivery prices at various maturities.
Contango (upward sloping) = bullish baseline, markets expect prices to rise. Backwardation (downward sloping) = bearish or indicating spot demand outpacing futures.
Cumulative Volume Delta for spot markets — the running total of the difference between taker buy and taker sell volume on exchanges.
The total daily trading volume of Bitcoin futures contracts across all exchanges. Measures the level of speculative activity and leveraged trading.
The total number of outstanding futures contracts across all exchanges. Represents the total amount of capital committed to Bitcoin futures positions.
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.