Perpetual Futures Data

Definition ∞ Perpetual futures data refers to the real-time and historical information related to perpetual futures contracts traded on cryptocurrency exchanges. This data includes funding rates, open interest, long short ratios, and liquidation volumes. Unlike traditional futures, perpetual contracts have no expiration date, making their funding rates crucial for price alignment with spot markets. Analyzing this data provides insight into speculative positioning and market leverage.
Context ∞ Crypto news and market analysis extensively utilize perpetual futures data to assess market sentiment, predict potential volatility, and identify crowded trades. Sharp movements in funding rates or open interest are often highlighted as indicators of impending price action. This data is a primary tool for understanding the derivatives market landscape and its influence on spot prices.