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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

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Availability

ExchangeStart Date (YYYY-MM-DD)Granularity
Binance2025-03-07Tick-level
Deribit2019-04-01Tick-level
Bybit, Lyra, Thalex, OKEx (OKX)2024-06-01Tick-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.