Definition

The endpoints mentioned here are concerned with Open Interest (OI) data in cryptocurrency derivatives trading. Open Interest refers to the total number of outstanding derivative contracts, like futures and options, that have not been settled. High open interest indicates more activity and liquidity for the contract.

Details

The OI Global endpoint provides a snapshot of the total open interest across all contracts in the derivatives market. This gives a broad perspective on the overall level of activity and liquidity in the market.

The OI PutCall endpoint breaks down open interest by put and call contracts. This can provide insight into market sentiment, as high call open interest could indicate bullish sentiment, while high put open interest could indicate bearish sentiment.

The OI PutCall Strike endpoint goes a step further and breaks down put and call open interest by strike price. This provides more granular insight into where market participants believe the price of the underlying asset will go.

The HIST OI Expiration endpoint provides a historical view of open interest data, broken down by expiration date. This can provide insight into how open interest changes as contracts approach their expiration date.

API Endpoints

[LIVE] OI Global

[LIVE] OI PutCall

[LIVE] OI PutCall Strike

[HIST] OI Expiration

FAQs

What is Open Interest (OI)?

• Open Interest refers to the total number of outstanding derivative contracts, like futures and options, that have not been settled. High open interest indicates more activity and liquidity for the contract.

Why are these OI endpoints useful?

• These endpoints offer insights into the level of activity and liquidity in the derivatives market. By breaking down open interest by put and call contracts, as well as by strike price, these endpoints can provide insight into market sentiment and where market participants believe the price of the underlying asset will go.

What is the significance of the HIST OI Expiration endpoint?

• The HIST OI Expiration endpoint provides a historical view of open interest data, broken down by expiration date. This can provide insight into how open interest changes as contracts approach their expiration date, which can be useful for developing trading strategies.

How can OI data be used in trading strategies?

• Open interest data can be used to gauge market activity and liquidity, as well as market sentiment. For example, high call open interest could indicate bullish market sentiment, while high put open interest could indicate bearish market sentiment. By understanding where open interest is concentrated, traders can better predict price movements and develop more informed trading strategies.