Live crypto liquidations, funding rates and open interest

Modes. Focused (default) shows only big moves: at least $1M in a minute at 8× normal with a clear buy or sell side, $500K+ spread across 3+ venues, or $2M+ of liquidations. On a big coin the move must also be 8× the coin's average minute across all its markets, so BTC or ETH needs a market-wide surge, not just a busy minute on one exchange. Balanced adds moves of $250K+ at 5× normal and anything seen on 2+ venues. Firehose shows every detection, often 10–20 a minute. In Focused and Balanced, one coin moving on several venues at once is shown as a single row with the move's total.

Levels. L1 ≥ 4× normal, L2 ≥ 8×, L3 ≥ 16×. Confluence bumps an alert up one level. Side comes from taker flow: ≥ 60% taker buys = Buy, ≤ 40% = Sell, otherwise Mixed.

Confluence. When the same coin spikes in the same direction on another venue or market within 3 minutes (say Binance perp and Bybit spot), both alerts get confluence badges. Several venues moving together is usually more meaningful than a single print.

LIQ rows fire when at least $250K of one coin is force-closed on a venue within a minute. FUND rows fire when a perp's funding rate crosses into extreme territory (|rate| ≥ 0.2% per 8h), a sign of crowded positioning. See all rates on the funding rates page and every force-closed position on the liquidations page.

TRADE rows are single taker orders that are unusually big for that coin on that exchange (Hyperliquid and Bybit): in the top 0.05% of the market's orders over roughly the last day, and at least $100K on perps or $50K on spot. So "large" means millions on BTC and far less on a small cap. Side is the taker's side; large orders on one market, side and minute share a row. Balanced shows $1M+ minutes, Focused $3M+.