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.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.
API Endpoints
/Top TradesAvailability
| 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 |
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.