OI Radar Guide & Analytics
Open Interest (OI) measures the total number of outstanding derivative contracts. This hub aggregates OI data across Binance, Bybit, OKX, and CME to reveal where leverage is concentrated and which direction the squeeze will come.
Exchange OI Spider Chart
Overview
A radar/spider chart comparing Binance Perpetuals vs CME Futures across four dimensions: Open Interest ($B), 24h Delta (%), Funding Rate (—100), and Volume (relative). Each axis normalises to 100, allowing direct comparison of the two dominant trading venues. The cyan polygon represents CME; the yellow polygon represents Binance.
How to Read
When the CME polygon is larger than Binance on the OI axis, institutional futures positioning is dominant. When Binance dominates the Funding Rate axis, perpetual speculators are over-extended.
OI Flow Attribution Table
Overview
A table listing each major derivatives exchange with their absolute OI ($B), 24-hour change delta (%), and current funding rate. This gives a structured breakdown of where capital is committed across the derivatives ecosystem.
How to Read
Sort mentally by OI size for concentration risk. A positive delta means OI is growing (new positions opening). A negative delta means positions are closing (de-leveraging).
Options Implied Volatility Smile Curve
Overview
A line chart plotting Implied Volatility (IV%) against strike price moneyness — from deep OTM Puts (-30%) through ATM (0%) to deep OTM Calls (+30%). A dashed baseline shows 30-day Historical Volatility for reference. The IV Smile is sourced from Deribit 30-day expiry options.
How to Read
A steeper left tail (OTM Puts showing high IV) means institutions are aggressively buying downside protection. A flatter right tail (OTM Calls with lower or equal IV) means the market is not pricing in a large upside move. An inverted smile (higher IV at OTM calls) would indicate a call skew — bullish.
OI Divergence Bubble Map
Overview
A bubble scatter chart plotting 24h Price Change (X-axis) against 24h OI Change (Y-axis) for 8 assets simultaneously. Bubble size = absolute OI ($B). Colour coding: Orange = price up + OI up (long-squeeze risk), Red = price down + OI up (short-trap risk), Yellow = price up + OI down (long unwind), Grey = price down + OI down (de-leveraging).
How to Read
Each bubble is one asset. Assets in the orange quadrant (top-right) are most vulnerable to a long squeeze - OI is growing as price rises, meaning traders are adding longs into a rally. Assets in the red quadrant (top-left) are building a squeeze setup on the short side.
OI x Funding Squeeze Matrix
Overview
A dynamic heatmap matrix crossing Open Interest concentration with funding/basis divergence to isolate Long/Short trap probability.
How to Read
High OI combined with highly negative funding indicates an aggressive short build-up. High OI with high positive funding indicates over-leveraged longs.
