BTC Derivatives Charts
Eight interactive BTC derivatives charts covering the full institutional positioning stack: aggregate futures + perpetual open interest, volume-weighted funding rate, cross-exchange funding heatmap, Coinbase vs Binance spot premium, Bybit vs Binance 3M basis differential, Deribit options put/call ratio, Deribit DVOL implied volatility index, and 3-month annualised futures basis. Live overlays from Binance Futures, Bybit, OKX, Coinbase, and Deribit public APIs. Static-first architecture means the charts continue to render against last-known-good data if any upstream is unreachable. AU trader framing throughout: how each positioning signal transmits to BTC AUD and to ASX-listed BTC ETF flow.
Open interest + funding (2 charts)
BTC Aggregate Open Interest
Cross-venue · Daily · USD billions
Aggregate USD notional of all BTC futures and perpetual contracts across Binance, OKX, Bybit, BitMEX, Deribit, and CME. The cleanest single read on speculative leverage in the Bitcoin system. April 2021 $28B, March 2024 $36B, January 2025 ~$71B cycle peaks.
BTC Funding Rate (Volume-Weighted)
Aggregate · Daily mean · % per 8h
Volume-weighted aggregate BTC perpetual funding rate across Binance, Bybit, OKX, BitMEX, Deribit. The positioning-premium signal that complements OI. Hover-display includes annualised carry equivalent.
Cross-venue spreads (3 charts)
Funding-Rate Heatmap
5 venues · Heatmap · Daily mean
Per-exchange daily funding rate at Binance, Bybit, OKX, BitMEX, Deribit rendered as a heatmap. Cross-venue divergence reveals where retail leverage demand is hottest and where institutional flow concentrates.
Coinbase vs Binance Premium
Spot · Daily · % premium
Coinbase BTC-USD minus Binance BTC-USDT, expressed as percentage premium. The cleanest single read on US institutional BTC demand. ETF-flow proxy. Eight of the eleven US spot BTC ETFs custody at Coinbase.
Bybit vs Binance Basis
3M basis differential · pp
Bybit minus Binance 3-month annualised BTC futures basis differential. Positive = retail leverage demand hot at retail-heavy venue; negative = institutional positioning leading. Cycle classification signal.
Options markets (2 charts)
Deribit Put/Call Ratio
Daily 24h volume ratio · Sentiment
Deribit BTC options put/call volume ratio. Above 1 = puts dominate (defensive positioning, contrarian-bullish at extremes). Below 0.5 = call mania (cycle-top warning). Deribit clears 80+ percent of global BTC options volume.
Deribit DVOL
30-day forward IV · The Bitcoin VIX
Deribit's BTC volatility index. 30-day forward annualised implied volatility from BTC options. The BTC equivalent of the CBOE VIX. March 2020 152% peak, April 2021 110%, Nov 2022 88%. Long-run mean ~70%.
Term structure (1 chart)
BTC 3M Annualised Basis
CME + Binance + Bybit avg · Daily · % annualised
3-month dated futures basis: ((3M futures price - spot) / spot) × (365/90). Positive = contango (bullish). Negative = backwardation (panic / hedge demand). April 2021 42% peak, March 2020 -8.5% trough.
AU-trader framework: how to use these charts
A working pattern for Australian-resident traders who hold BTC spot (CoinSpot / Independent Reserve / Swyftx / Binance AU) or take BTC CFD positions (Pepperstone / Plus500 / IC Markets):
- Daily check (2 minutes): Glance at aggregate funding rate and Coinbase premium. Both move fast. Direction shifts here are leading edges of every major BTC turn. Sustained extreme funding (above +0.05 percent / 8h or below -0.02 percent / 8h) plus sustained premium divergence is a regime signal.
- Weekly check (10 minutes): Add aggregate open interest, 3M basis, and the funding-rate heatmap. Watch for: cross-venue funding divergence (Bybit much hotter than Binance = retail-led), basis sustained above 15 percent (late-cycle warning), OI sustained above $60B (extreme leverage regime).
- Monthly check (15 minutes): Add Deribit DVOL and the put/call ratio. Watch for: vol regime transitions (DVOL crossing 50 from above or 80 from below), PCR extremes (below 0.5 = call mania, above 1.05 = capitulation hedging). These options-market readings lead spot by days to weeks at extremes.
- Quarterly review (30 minutes): Step back. Plot OI, basis, and DVOL on the same chart for the prior 90 days. The combined picture tells you whether the BTC market is in a healthy bull (low DVOL, healthy basis, moderate OI), late-cycle mania (elevated DVOL, hot basis, extreme OI), or late-stage bear (high DVOL, backwardated basis, depressed OI). Adjust portfolio tilt accordingly.
The charts here replicate the headline derivatives surface that institutional desks watch on CoinGlass, Skew (pre-FTX), and Glassnode. Data is sourced from the same upstream public APIs (Binance Futures, Bybit, OKX, Coinbase, Deribit). What CoinGlass adds is real-time tick granularity and venue-by-venue breakdowns; for the daily-mean regime-classification view the SatoshiMacro charts are equivalent and free.
Looking for the spot side?
The /guides/crypto/ section has 30+ Bitcoin AUD analytics tools (log regression, Mayer Multiple, MVRV proxy, Rainbow Chart, halving countdown) that pair with the derivatives positioning data on this page.
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