Learn perps. Check your trades. Read the market.
Perpetual futures let you trade price movements without owning the asset, with no fixed expiry date.
Learn how perpetual futures work, check your risk before you trade and see where leverage is building across crypto, stocks, indices and commodities.
Chapter 1 is free.
Check a trade, liquidation risk, funding and more.
Track funding, open interest and crowded markets.
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See where leverage is building and which perp markets are getting crowded.
Get an email when one of these crosses a level you set.
Crowd Gauge
Bitcoin, Ether, Solana and the other crypto perps.
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Piling in
How crowded are the crypto perps right now?
See how traders are positioned, what they're paying in funding and which side is more exposed to liquidation.
Longs pay 10% a year to stay in. On Bitcoin and Ether, $2.23B of buyers are close to being forced out by a small move, against $771M on the other side.
Across 7 markets, weighted by the value of open positions.
How the gauge is builtPost on XWant to become a better perp trader?
Perpetuals course
Perpetuals Masterclass
New to perps or ready to improve? Learn how experienced traders read the market, find repeatable setups and manage trades from entry to exit.
- Learn technical analysis, spot liquidity zones and understand how leverage moves markets.
- Calculate position sizes, place stops and take profits in stages.
- Understand trading psychology and use your journal to spot mistakes and improve your trading habits.
$147chapter 1 freelifetime access
14 day refund. No questions asked.
What would you like to check?
Planning a trade, managing a position or looking for market opportunities? Choose a section below to find the tools and live data that can help.
Plan the trade. Monitor the position. Read the market.
See where leverage is building right now.
Track funding, open interest and squeeze risk across crypto and global perp markets. Updated every 15 minutes.
Market heat
A quick read on where leverage is building across crypto and global perp markets. See which markets are getting crowded, where funding is stretched and where a sharp move could trigger liquidations.
Highest funding rates
- GOLD+33%/yr
- AAPL-18%/yr
- HYPE+11%/yr
Positive funding means longs are paying shorts. Negative funding means shorts are paying longs. The further it moves from zero, the more one sided positioning may be.
Yearly figures assume the current funding rate stays unchanged. Rates can change.
Market positioning
Combines price and open interest to show whether leverage is building, unwinding or staying quiet.
Squeeze risk watch
Highlights the market with the highest current squeeze risk.
Some signals need a few hours of data before they are ready. They show up here on their own. Funding data is already live.
Updated Oct 23, 7:00 PM UTC
Educational only. Not financial advice. Perps can lose you money fast and are not for everyone.
I want to read the market
See where leverage is building across crypto and global markets, compare funding and find the perp markets getting crowded.
Squeeze Map
See where leveraged positions could be liquidated and whether longs or shorts are more exposed.
If you trade1 minliveStock and Gold Perps Board
Explore stock, index and commodity perps, with live prices, funding and open interest in one place.
If you trade1 minliveFunding Fee Comparison
Enter your trade size and holding time to compare estimated funding payments across Binance, Hyperliquid and Bybit. See where the same trade could cost less to hold or earn you more in funding.
If you trade1 minlive
I'm about to place a trade
Check the trade, your risk and what could move the market before you enter.
Trade Plan Checker
Check your entry, stop, targets, leverage, fees and risk before you place the trade.
Start hereAny level2 minliveNews Day Risk Check
See what markets expect and how BTC and ETH have moved around major economic events.
Any level3 minliveLiquidation Danger Check
See your estimated liquidation price and how much room your position has before it gets there.
Any level1 minliveStop Loss Finder
Find a stop that allows for normal market movement, then check how much you would risk.
Any level30 secSurvival Simulator
See what a losing streak could do to your account before you risk real money.
If you trade1 min
I already hold a position
Check your liquidation risk, funding costs and where leverage is building so you can manage your position.
Liquidation Danger Check
See how close your position is to being closed by the exchange.
Any level1 minliveSqueeze Map
See where leveraged positions could be liquidated if price moves sharply.
If you trade1 minliveFunding Fee Scanner
See which coins currently pay the most in funding. Estimate what you could pay or receive after fees, based on your position and how long you hold it.
If you trade1 minliveFunding Fee Comparison
Enter your trade size and holding time to compare estimated funding payments across Binance, Hyperliquid and Bybit. See where the same trade could cost less to hold or earn you more in funding.
If you trade1 minlive
Perpetual Futures terms explained
Not sure what a term means? Choose one below for a plain English explanation.
Explore the full glossary