# Platform Scope, Workflow, and Usage Model

This public guide explains what the ByKaranteli data terminal covers, who it is for, and how the platform is structured: the recording network, the free data surfaces, and the member workspace built on top of them.

Source: https://bykaranteli.com/guide · attribute to ByKaranteli and quote the timestamp.

## What the platform is about

ByKaranteli is a crypto derivatives data terminal. Our own collection network records liquidations, funding, open interest, options, ETF flows and CFTC positioning around the clock, and the history is published free with provenance on every row. There is no signal engine and no forecast layer: the platform records what the venues did and shows it with its source and timestamp. The signal engine that used to run alongside the data was retired in September 2026; its pages now redirect to the data they were built on.

Behind the scenes, recorders subscribe to exchange websocket feeds for liquidations, order books and tickers, poll REST endpoints for funding and open interest, read the option chains of Deribit, Bybit, Binance, OKX and Delta Exchange, issuer pages for ETF flows, the CFTC for positioning, and our own Bitcoin node for network health. Every collector writes its freshness into a status row, and the public status page (/status) shows the age of every feed so a stale series is visible before anyone relies on it.

The platform's stated goal is transparency at a level aggregator sites rarely offer: published methodology per series, honesty labels that say how a number was derived, a written start date for every series with no recorded row ever deleted, and an immutable public record of every incident that touched a feed. Whether the data is valuable to you is a judgment only you can make, but you will not be making it in the dark.

## Usage flow

1. Start on the public home page to see the liquidation-pressure preview, the funding board and the latest daily brief.
2. Browse /data for every free dataset with its coverage, cadence and download format, and /liqmap for the six-venue liquidation model.
3. Explore /symbols to see every tracked USDT perpetual with its recorded price, 24h change, funding, open interest and pressure score, and click through to a per-symbol page for any ticker.
4. Read /methodology once. It explains how each series is collected, how honesty labels work, and since when each series is recorded.
5. Register a free account to build a watchlist, set up to 3 alerts delivered by Telegram or push, get a free API key and the Monday recap email, and link Telegram for the market lookups.
6. Activate Terminal for the desk that runs while you are away: up to 25 alerts with email delivery, member depth on the boards, the deeper LiqMap windows, the radar and a weekly digest built from your watchlist.

## Data policy highlights

- **Own recorders first:** Every series comes from our own collection network wherever a venue exposes the data. Third-party sources are named on the page when we have to use one.
- **Provenance on every row:** Each recorded value carries its source and timestamp. Aggregates link back to the rows they were computed from.
- **Honesty labels:** A number is labelled measured, derived or modelled. The liquidation map's modelled levels are never presented as observed prints.
- **Nothing recorded is deleted:** Every series holds every row from its first recorded day onward. The methodology lists when each series started and how often it is sampled.
- **No signals, no forecasts:** The platform records what the market did. It publishes no trade calls, no win rates and no predictions, and the retired signal engine's numbers are not shown anywhere.

## Alert cookbook

10 alerts that cover the common questions, each one a template on the alerts page. Every card says when to use it, the exact rule, how often the default number was met in our own recorded data, and how many symbols carried the field in the last alert run. Add one, change the number, check the 7-day preview, then create it.

Alerts per account: 3 on a free account, 25 on Terminal and Builder, 100 on Business and above. Telegram and push are open to every account; webhook delivery comes with Business and above.

### Price above level

- Rule: Price at or above 100,000 USD · specific symbols: BTCUSDT · repeats at most every 24h
- When to use it: One message when a coin trades through a level you care about. The rule reads the perpetual's last traded price on every alert run.
- Coverage: 99 of 99 symbols carried this field in the last alert run (2026-10-17 08:29 UTC).
- 7-day preview: available
- Add to my alerts: https://bykaranteli.com/dashboard/alerts?template=price_above · Watch it live: https://bykaranteli.com/chart

### Funding extreme

- Rule: Funding rate at or above 0.05% · my watchlist · repeats at most every 8h
- When to use it: Longs are paying shorts a high rate every interval: demand for leveraged longs is running ahead of the other side on that perp.
- Why this number: In the last 30 days, 1,151 of 86,872 recorded funding settlements across 536 crypto perps met this threshold (1.3%).
- Coverage: 99 of 99 symbols carried this field in the last alert run (2026-10-17 08:29 UTC).
- 7-day preview: available
- Add to my alerts: https://bykaranteli.com/dashboard/alerts?template=funding_extreme · Watch it live: https://bykaranteli.com/heatmap

### Shorts pay funding

- Rule: Funding rate at or below -0.03% · my watchlist · repeats at most every 8h
- When to use it: The mirror case: shorts are paying longs, so a perp on your watchlist has turned short heavy.
- Why this number: In the last 30 days, 2,309 of 86,872 recorded funding settlements across 536 crypto perps met this threshold (2.7%).
- Coverage: 99 of 99 symbols carried this field in the last alert run (2026-10-17 08:29 UTC).
- 7-day preview: available
- Add to my alerts: https://bykaranteli.com/dashboard/alerts?template=funding_negative · Watch it live: https://bykaranteli.com/heatmap

### Open interest surge

- Rule: Open interest up over 24h by at least 10% · my watchlist · repeats at most every 12h
- When to use it: Open interest up sharply over 24 hours: new leveraged positions are opening fast on that perp.
- Why this number: 70 of 2,466 daily readings of 29 perps at 00:00 UTC, recorded since 2026-07-23, met this rule (2.8%).
- Coverage: 99 of 99 symbols carried this field in the last alert run (2026-10-17 08:29 UTC).
- 7-day preview: available
- Add to my alerts: https://bykaranteli.com/dashboard/alerts?template=oi_surge · Watch it live: https://bykaranteli.com/oi-leaderboard

### Long unwind

- Rule: Price 24h change at or below -3% and open interest 24h change at or below -5% · my watchlist · repeats at most every 12h
- When to use it: Open interest and price falling together over 24 hours: positions are being closed into a falling price, the shape of longs leaving.
- Why this number: 64 of 2,466 daily readings of 29 perps at 00:00 UTC, recorded since 2026-07-23, met this rule (2.6%).
- Coverage: 99 of 99 symbols carried this field in the last alert run (2026-10-17 08:29 UTC).
- 7-day preview: available
- Add to my alerts: https://bykaranteli.com/dashboard/alerts?template=long_unwind · Watch it live: https://bykaranteli.com/oi-leaderboard

### Heavy liquidation hour

- Rule: Liquidations in the last hour at or above 20,000,000 USD · my watchlist · repeats at most every 4h
- When to use it: A coin's liquidations in one closed hour pass a dollar size you set, summed over the counted venues.
- Why this number: In the last 30 days, 42 of 209,594 coin hours across 1205 coins on the counted liquidation venues reached this (<0.1%).
- Coverage: 55 of 99 symbols carried this field in the last alert run (2026-10-17 08:29 UTC).
- 7-day preview: available
- Add to my alerts: https://bykaranteli.com/dashboard/alerts?template=liq_hour_heavy · Watch it live: https://bykaranteli.com/liquidations

### Liquidation cluster near

- Rule: Largest liquidation cluster within 1.5% · my watchlist · repeats at most every 6h
- When to use it: The price has come within reach of the largest estimated liquidation cluster on that coin's LiqMap.
- Why this number: In 41,175 archived hours with the largest cluster this close, the price moved toward it over the next 4 hours in 47.6% of them; any hour rose over 4 hours 49% of the time. Archive since 2026-08-06.
- Coverage: 60 of 99 symbols carried this field in the last alert run (2026-10-17 08:29 UTC).
- 7-day preview: available
- Add to my alerts: https://bykaranteli.com/dashboard/alerts?template=liq_cluster_near · Watch it live: https://bykaranteli.com/liqmap

### Whales lean long

- Rule: Hyperliquid whale long share at or above 65% · my watchlist · repeats at most every 12h
- When to use it: The largest Hyperliquid accounts hold at least this share of their open positions on the long side of a coin.
- Why this number: On 0 of 45 recorded days since 2026-09-02, the daily BTC whale long share reading met this (0%).
- Coverage: 46 of 99 symbols carried this field in the last alert run (2026-10-17 08:29 UTC).
- 7-day preview: not for this field
- Add to my alerts: https://bykaranteli.com/dashboard/alerts?template=whales_long · Watch it live: https://bykaranteli.com/hyperliquid-whales

### Withdrawals paused

- Rule: Venues with withdrawals paused: at least 1 · my watchlist · repeats at most every 24h
- When to use it: At least one exchange has paused withdrawals of that asset on some network: worth knowing before you move funds.
- Coverage: 80 of 99 symbols carried this field in the last alert run (2026-10-17 08:29 UTC).
- 7-day preview: not for this field
- Add to my alerts: https://bykaranteli.com/dashboard/alerts?template=withdrawals_paused · Watch it live: https://bykaranteli.com/withdrawals

### USDT off its peg

- Rule: Weakest USDT quote across spot venues at or below 0.985 USD · specific symbols: BTCUSDT · repeats at most every 12h
- When to use it: The weakest USDT quote across the spot venues we read drops below a level. The peg reading is market wide, so the rule reads it on one symbol.
- Why this number: On 1 of 57 recorded days since 2026-08-21, the daily weakest USDT quote reading met this (1.8%).
- Coverage: 99 of 99 symbols carried this field in the last alert run (2026-10-17 08:29 UTC).
- 7-day preview: not for this field
- Add to my alerts: https://bykaranteli.com/dashboard/alerts?template=stable_depeg · Watch it live: https://bykaranteli.com/venues

## Which page answers what

Each line is a question the market keeps asking and the page that answers it with recorded data.

### Liquidations

- [How much was liquidated today, and on which exchange?](https://bykaranteli.com/liquidations): Real liquidation events from eleven exchange feeds in one call, split by venue and side, plus a permanent daily rollup; a floor, not the sector total.
- [Where do BTC liquidations sit around the price, and how much on each side?](https://bykaranteli.com/liqmap): Liquidation clusters by price level for 201 perpetuals, a six-venue model with real liquidation prints overlaid.
- [What happened in the last liquidation cascade?](https://bykaranteli.com/incidents): Auto-detected cascade events, each with how much liquidated, which side, which coins and what price did.
- [How big is each exchange's insurance fund, and is it shrinking?](https://bykaranteli.com/insurance-funds): The insurance funds Binance, Bybit, OKX, Gate, MEXC, Bitfinex, Crypto.com, Delta Exchange, dYdX and Paradex publish to absorb bankrupt liquidations, read every hour and valued in dollars, with daily and weekly change and each fund against the venue's open interest.

### Funding and open interest

- [Which perps carry the most extreme funding right now, positive or negative?](https://bykaranteli.com/heatmap): Funding rate per symbol for the most traded Binance USDT-M perps, colour coded, with the open interest change beside it.
- [Where is the widest funding spread for one coin across exchanges?](https://bykaranteli.com/funding-arb): Live funding spreads for the same perpetual across 33 exchanges, annualized net of taker fees.
- [Which coins are adding or shedding open interest today?](https://bykaranteli.com/oi-leaderboard): The largest open interest gainers and losers over the past day, updated through the day.
- [Which perps are under the most derivatives stress?](https://bykaranteli.com/pressure): A composite stress score per symbol from open interest change, funding and basis, with each reading explained in words.
- [Are traders net long or net short a coin?](https://bykaranteli.com/positioning): Long and short account and position ratios, taker buy and sell and CVD for the 30 most traded perps on Binance, Bybit, OKX, Gate, HTX, Bitget and Kraken Futures, recorded hourly.
- [What does it cost to borrow USDT or BTC on margin, and what is the carry against funding?](https://bykaranteli.com/borrow): Margin borrow rates per venue, recorded hourly and annualised, with funding minus borrow carry per venue.
- [Which perps moved the most in open interest, funding and basis?](https://bykaranteli.com/top-movers): The biggest movers across tracked perpetuals: open interest change, the most extreme funding and the sharpest basis divergence.
- [Which coins are overbought or oversold, and on which timeframe?](https://bykaranteli.com/rsi): Wilder RSI on eight intervals for the top 400 Binance USDT perpetuals by volume plus every TradFi perpetual, with overbought and oversold counts.

### Options and expiries

- [Where are the BTC options call and put walls?](https://bykaranteli.com/options): Open interest walls by strike, dealer gamma exposure, max pain per expiry and DVOL from the Deribit, Bybit, Binance, OKX and Delta Exchange option chains, summed or one venue at a time.
- [Who is buying calls or puts, and what were the biggest option prints?](https://bykaranteli.com/options-flow): The options tape from Deribit and OKX: the largest prints with their venue, block trades included, and the daily call versus put premium.
- [What expires this week, and at what price did the last futures settle?](https://bykaranteli.com/settlements): Every dated future and option expiry on file from the market lists of 53 venues, grouped by date, venue and underlying, plus the recorded settlement prices.

### Flows and order books

- [How much flowed into or out of the US spot bitcoin ETFs on the last trading day?](https://bykaranteli.com/etf): US spot BTC, ETH, SOL and XRP ETF daily net flows with a per fund matrix and a check against the issuer's own figures.
- [How are hedge funds and institutions positioned in CME bitcoin futures?](https://bykaranteli.com/cot): Weekly CFTC Commitments of Traders for bitcoin and ether futures with the full backfilled history.
- [Are US buyers paying a premium for bitcoin?](https://bykaranteli.com/premium): The Coinbase versus Binance spot premium and the cash and carry basis with long daily history, plus the Kimchi premium.
- [What does a lira buyer pay for bitcoin against the world price?](https://bykaranteli.com/turkey-premium): The Turkey Premium Index in bps with a dollar leg and a crypto leg, plus TRY reference prices built every minute from eight Turkish spot venues.
- [Which market orders of a million dollars or more hit the tape today?](https://bykaranteli.com/whales): Live aggressive market prints of a million dollars or more from our own sockets, with day aggregates; every print recorded since 2026-08-13.
- [Are the largest Hyperliquid accounts long or short?](https://bykaranteli.com/hyperliquid-whales): The top 1000 Hyperliquid accounts by equity: long versus short per coin, the largest positions and position change events.
- [Where is the biggest bid or ask wall right now?](https://bykaranteli.com/orderbook): Spot order books of 29 venues binned into 0.1% price buckets for ten coins, with the largest walls and the depth per venue.
- [How toxic is the order flow right now?](https://bykaranteli.com/flow): VPIN order flow toxicity computed from taker prints, with 90 days of history.
- [What would a large market order cost in slippage?](https://bykaranteli.com/slippage): A live cost ladder by order size from real order books, recorded hourly.

### Exchanges and markets

- [Which exchanges list a coin, and what are its price, volume, open interest and funding on each?](https://bykaranteli.com/venues): A snapshot of every perpetual and spot feed we poll for a 30-coin basket, with live feed status per venue.
- [Has an exchange paused withdrawals or deposits for an asset?](https://bykaranteli.com/withdrawals): Withdrawal and deposit status per asset and network on every venue we read, since when, with each venue's withdrawal fee and minimum and a suspension log.
- [What are the maker and taker fees on each exchange?](https://bykaranteli.com/fees): Base tier maker and taker fees per venue and market type, read daily from each exchange, with a change log and a round trip cost calculator.
- [What is the maximum leverage on a perp, and how does margin step up with size?](https://bykaranteli.com/leverage): Max leverage and maintenance margin ladder per perpetual on every venue whose ladders we read, recorded daily with a change log.
- [Which new perpetuals were listed recently?](https://bykaranteli.com/listings): New perpetual listings across six exchanges, scanned hourly, with first seen timestamps.
- [What are funding and open interest on stock, index and commodity perps?](https://bykaranteli.com/tradfi): The stock, index and commodity perpetuals board: funding, basis, open interest, volume and liquidations, with cross venue listings and trading session state.

### Onchain

- [How much open interest sits on each Solana perp DEX?](https://bykaranteli.com/solana-perps): Every Solana perpetual venue we read on one board: open interest, volume per venue and market, and the hourly funding or borrow rate.
- [What is the exact long and short open interest on Jupiter Perps?](https://bykaranteli.com/jupiter-perps): Long and short open interest per market from the onchain custody state, pool utilization, borrow rates, JLP AUM and the week's top traders.
- [How much tokenized stock exists onchain, and at what premium does it trade?](https://bykaranteli.com/tokenized-stocks): Onchain stock wrappers from eleven issuers: supply by issuer and chain, premium or discount to the real share, DEX liquidity and holders.
- [What are Bitcoin hashrate, difficulty and fees doing?](https://bykaranteli.com/network): Hashrate, difficulty and real block fees from our own node, with daily history.
- [How much bitcoin sits in outputs exposed to a future quantum computer?](https://bykaranteli.com/quantum): A daily first party count of bitcoin in output types that reveal a public key, classified from our own node's UTXO snapshot, with dormancy cohorts.
- [Can I check that a published number was not changed afterwards?](https://bykaranteli.com/proof): Derived records sealed into a Merkle root, signed and written to Solana and Base, verifiable in the browser or with a single file verifier.

### Macro and indices

- [Is dollar liquidity expanding or contracting?](https://bykaranteli.com/macro): Stablecoin float, the Fed balance sheet, ON RRP, Fed funds and the ten year yield, daily.
- [How did crypto move around past FOMC meetings?](https://bykaranteli.com/events): Every FOMC meeting with the measured crypto move before and after it.
- [Where are Fear and Greed, bitcoin dominance and stablecoin flows right now?](https://bykaranteli.com/indices): Fear and Greed, BTC dominance, stablecoin flows and the altseason reading in one view.
- [Is it altcoin season?](https://bykaranteli.com/altseason): The share of top altcoins beating bitcoin over the past quarter, live, with recorded daily history.
- [Which narrative is leading: AI, RWA, DePIN or memes?](https://bykaranteli.com/themes): Equal weight baskets for eight narratives from Binance daily closes, rebased and recorded daily.
- [What did BTC do next when a metric sat where it sits today?](https://bykaranteli.com/factors): Every recorded metric placed in its historical band, with the median BTC move that followed days in that band against the base rate.
- [Which coins move together?](https://bykaranteli.com/correlations): A rolling correlation matrix of daily returns across the major perpetuals.
- [Has the Pi Cycle Top crossed, and where is the Mayer Multiple?](https://bykaranteli.com/indicators): Bitcoin cycle indicators with daily history: Pi Cycle Top, Mayer Multiple, the long moving averages, stock to flow and the Puell Multiple from our own node.
- [What liquidity state is the market in?](https://bykaranteli.com/charge): PsiCharge, our liquidity state model, with inputs undisclosed and a published yearly scorecard of outcomes; not a trade signal.
- [What happened in the market today?](https://bykaranteli.com/brief): A dated market summary written from the recorded data, with every past day archived at its own date.
- [What did the desk observe in the derivatives data today?](https://bykaranteli.com/desk): Short dated notes written from the recorded data as the day goes, each with its time, its number and the board it reads from; every day stays on that day's brief page.

### Charts and tools

- [How do price, open interest, funding and liquidations line up on one chart?](https://bykaranteli.com/chart): SuperChart stacks recorded open interest, funding, CVD, liquidation prints, long and short ratios and more as panes under price, with drawing tools.
- [What is the recorded state of one perpetual right now?](https://bykaranteli.com/symbols): Every tracked Binance perpetual with price, funding, open interest and pressure, and a page per ticker with its funding history.
- [At what price would my position be liquidated?](https://bykaranteli.com/tools/liq-calc): A liquidation price calculator next to position size, funding arbitrage, DCA, grid and TWAP tools; deterministic formulas, inputs stay in the browser.

### API and data

- [How do I read this data from a script?](https://bykaranteli.com/developers): The JSON API with a free account key: every endpoint with a working example, plans for programs, the stream and the MCP server.
- [Where can I download the recorded data as CSV?](https://bykaranteli.com/data): 43 downloadable CSV and JSON datasets built from our own recorders; scripts send a free account key.
- [How do I connect an AI assistant to this data?](https://bykaranteli.com/guide/connect): Plain steps to make a free account key and connect claude.ai, ChatGPT, Claude Desktop, Claude Code, Cursor or a script.
- [Which exchanges and data types are recorded, and how fresh are they?](https://bykaranteli.com/coverage): Every venue and data type we collect, how (full, sampled, delayed), since when and how fresh, derived live from the collectors.
- [How is each number collected?](https://bykaranteli.com/methodology): How the recording network collects every series, venue by venue, with honesty labels and the first recorded day of each series.

## Public FAQ

### What makes ByKaranteli different from other data sites?

Three concrete things. First, we record the data ourselves from the venues instead of reselling an aggregator feed, so every row has a source and a timestamp. Second, we publish how each series is collected and label whether a number is measured, derived or modelled. Third, when a feed breaks we say so on the status page and in the incident log rather than quietly backfilling.

### Who is this platform for?

Traders and researchers who want crypto derivatives market data with its provenance: liquidations, funding, open interest, options, ETF flows and positioning, recorded continuously and published free. It is not a broker and not a signal service; you still execute trades in your own account at your own risk.

### Did ByKaranteli publish trading signals?

It did, until September 2026. The rule-based signal engine was retired and its pages, receipts and APIs now return a redirect or a 410 Gone status. The platform publishes recorded market data only, and no win rate or performance figure from the old engine is shown anywhere.

### How do I know the numbers are not cherry-picked?

The recorders run 24/7 and write each value the moment it arrives. Pages read the same tables the public API serves, and the status page shows the age of every feed. You can pull the JSON or CSV endpoints yourself and compare them with the venue's own data.

### Does ByKaranteli cover every symbol on Binance?

Every USDT-M perpetual that Binance lists as TRADING has a symbol page with its recorded ticker, funding history and pressure score. Delisted contracts keep their historical rows. Spot-only pairs and non-USDT margined contracts are out of scope.

### Can I access the raw data?

Yes. The /developers page documents the public JSON endpoints and the /data hub lists the CSV downloads. All are CORS-enabled with a short cache. Browsers need nothing; scripts send a free account key from 2026-09-10 (paid plans raise the rate and add member depth); a hosted MCP endpoint serves the same data to AI assistants.

### What happens to my watchlist when my subscription expires?

Your watchlist is preserved. You lose access to the member workspace, but your saved symbols remain and re-activate automatically when you renew. Paywall reminder emails (7d, 3d, 1d buckets) tell you the exact expiry date so you can plan.


## Related

- https://bykaranteli.com/guide/connect
- https://bykaranteli.com/developers
- https://bykaranteli.com/faq

Everything in one fetch: https://bykaranteli.com/llms-full.txt