> ## Documentation Index
> Fetch the complete documentation index at: https://docs.amberdata.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Top Trades

# Definition

This feature provides detailed information on the most significant trades, including both on-screen and blocked trades. In addition to standard trade data, the endpoint offers proprietary insights that enhance the ability to analyze market flow.

Key features include the\*\*Amberdata Direction \*\* metric, which identifies the true initiator of a trade, and the **Delta Hedge** indicator, which highlights block trades that contain a futures leg. Pre-trade and post-trade order book data are also included to offer a comprehensive view of market conditions around the trade.

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# Details

* **Amberdata Direction:** A proprietary metric developed to accurately gauge the true initiator of a trade, offering deeper insight into market sentiment.
* **Delta Hedge**: Identifies block trades that include a futures leg, providing valuable information on hedging strategies.
* **Pre and Post Order Book Data**: Columns displaying order book conditions before and after the trade, enabling analysis of market impact and price movement.

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# API Endpoints

[/Top Trades](/http/analytics/derivatives/top-trades)

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# Availability

| Exchange                        | Start Date (YYYY-MM-DD) | Granularity |
| ------------------------------- | ----------------------- | ----------- |
| Binance                         | 2025-03-07              | Tick-level  |
| Deribit                         | 2019-04-01              | Tick-level  |
| Bybit, Lyra, Thalex, OKEx (OKX) | 2024-06-01              | Tick-level  |

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# Frequently Asked Questions

**What makes the "Top Trades" endpoint unique?**

* This endpoint includes proprietary metrics such as "Amberdata Direction," which identifies the true trade initiator, and the "Delta Hedge" highlight for block trades containing futures legs. These features provide a deeper understanding of market flow beyond standard trade data.

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