Perpetual DEX Analytics — dYdX OI, Funding Rate, Volume

What does Perpetual DEX Analytics do?

Perpetual DEX Analytics aggregates live perpetual futures market data from dYdX v4 (296+ markets) and cross-references Hyperliquid funding rates to deliver a deeply enriched dataset covering open interest, 24-hour volume, funding rates, liquidation cascade risk, basis trade opportunities, and cross-exchange arbitrage differentials — all without requiring any API key or authentication.

Why use Perpetual DEX Analytics?

• Cross-exchange funding rate arbitrage, computed automatically. The cross_exchange_arbitrage field shows the funding rate differential (in basis points) between dYdX v4 and Hyperliquid for every matching market, so you can instantly identify funding arb opportunities without writing a single line of fetch code.
• Liquidation risk signals before they cascade. The liquidation_cascade_risk field (low / moderate / high / extreme) and liquidation_pressure_score (0–100) give early warning of crowded leveraged positions that could unwind violently.
• Basis trade opportunity classification. Each market is labeled with a basis_trade_opportunity tier (high_yield / moderate / low / negative_yield) so delta-neutral carry traders can prioritize without computing APR themselves.
• Market structure and sentiment in one field. funding_regime (extreme_bullish → extreme_bearish), perpetual_vs_spot_premium (contango / at_par / backwardation), and market_structure (trending_with_leverage / ranging / deleveraging / building) give a multi-dimensional market picture.
• Protocol economics included. protocol_revenue_sustainability, liquidity_provider_returns, and insurance_fund_health let LPs and protocol researchers assess the long-term viability of each market.

How to use Perpetual DEX Analytics

1. Go to the Apify Store and find Perpetual DEX Analytics.
2. Click Try for free to open the input configuration page.
3. Set Min Open Interest (USD) to filter out illiquid tail markets (default $100,000).
4. Optionally enter a Ticker Filter (e.g. BTC) to focus on BTC-USD only.
5. Enable High Funding Rate Only and set a threshold to return only high-carry opportunities.
6. Choose a Sort By field (open_interest_usd, volume_24h_usd, funding_rate_annualized_pct, etc.).
7. Set Max Results (default 100, max 300).
8. Click Run and consume the per-market JSON records plus the perp_market_summary record.

Input

Field	Type	Default	Description
ticker	string	""	Filter to markets whose ticker contains this string (e.g. BTC for BTC-USD only).
minOpenInterestUsd	number	100000	Exclude markets with OI below this USD value.
minVolume24hUsd	number	0	Exclude markets with 24h volume below this USD value.
highFundingOnly	boolean	false	Return only markets with absolute annualized funding rate above the threshold.
highFundingThresholdPct	number	50	Annualized funding rate threshold (%) for the high-funding filter.
sortBy	string	open_interest_usd	Sort key: open_interest_usd, volume_24h_usd, funding_rate_annualized_pct, or price_change_pct_24h.
limit	integer	100	Maximum number of market records to return (max 300).

Output

[
  {
    "ticker": "BTC-USD",
    "oracle_price": 98450.23,
    "price_change_pct_24h": 2.14,
    "volume_24h_usd": 312500000,
    "trades_24h": 84321,
    "open_interest_usd": 482000000,
    "funding_rate_8h": 0.012,
    "funding_rate_annualized_pct": 16.43,
    "max_leverage": 20,
    "market_share_pct": 18.4,
    "trader_loyalty_score": 71,
    "leverage_risk_index": 55,
    "leverage_risk_label": "medium",
    "liquidity_depth_rating": "deep",
    "funding_carry_signal": "mild_long_bias",
    "oi_volume_ratio": 1.541,
    "avg_trade_size_usd": 3706.82,
    "whale_activity_flag": false,
    "funding_regime": "bullish",
    "basis_trade_opportunity": "low",
    "liquidation_cascade_risk": "moderate",
    "market_structure": "building",
    "cross_exchange_arbitrage": 4.2,
    "perpetual_vs_spot_premium": "contango",
    "leverage_ratio_signal": "leveraged",
    "protocol_dominance_tier": "major",
    "trader_experience_required": "advanced",
    "liquidity_provider_returns": "moderate",
    "protocol_revenue_sustainability": "highly_sustainable",
    "cross_chain_availability": "single_chain",
    "fee_competitiveness": "competitive",
    "insurance_fund_health": "adequate",
    "trader_pnl_quality": "normal",
    "source": "dydx_v4",
    "fetched_at": "2026-09-02T10:31:00Z"
  },
  {
    "record_type": "perp_market_summary",
    "aggregate_funding_rate_8h_pct": 0.0091,
    "total_oi_usd": 1840000000,
    "market_leverage_health": "healthy",
    "best_funding_arb_bps": 12.4,
    "total_perp_dex_volume_24h_usd": 698000000,
    "perp_dex_vs_cex_ratio_pct": 4.18,
    "perp_dex_market_phase": "steady_growth",
    "top_5_by_volume": [
      {"ticker": "BTC-USD", "volume_24h_usd": 312500000, "open_interest_usd": 482000000}
    ],
    "fetched_at": "2026-09-02T10:31:00Z"
  }
]

Data fields

Field	Description
ticker	Market identifier (e.g. BTC-USD, ETH-USD)
oracle_price	Current oracle (spot) price in USD
price_change_pct_24h	24-hour price change percentage
volume_24h_usd	Total notional trading volume in the last 24 hours
open_interest_usd	Total open interest in USD
funding_rate_8h	Next 8-hour funding rate as a percentage
funding_rate_annualized_pct	Funding rate annualized to yearly percentage
max_leverage	Maximum leverage allowed on this market
funding_regime	extreme_bullish / bullish / neutral / bearish / extreme_bearish
basis_trade_opportunity	high_yield / moderate / low / negative_yield
open_interest_signal	oi_surge / oi_divergence / oi_normal
liquidation_cascade_risk	extreme / high / moderate / low
liquidation_pressure_score	0–100 composite liquidation pressure score
market_structure	trending_with_leverage / ranging / deleveraging / building
cross_exchange_arbitrage	Funding rate differential vs Hyperliquid in basis points
perpetual_vs_spot_premium	contango / at_par / backwardation
leverage_ratio_signal	highly_leveraged / leveraged / moderate / low_leverage
funding_carry_signal	extreme_long_bias → extreme_short_bias
oi_volume_ratio	Open interest divided by 24h volume — measures position holding duration
avg_trade_size_usd	Average notional per trade — proxy for institutional activity
whale_activity_flag	true if avg trade size exceeds $50,000
market_maturity	mature / established / emerging / nascent
protocol_dominance_tier	dominant / major / mid_tier / niche / emerging
trader_experience_required	expert_only / advanced / intermediate / beginner_friendly
liquidity_provider_returns	exceptional_lp / strong / moderate / weak / risky_lp
protocol_revenue_sustainability	highly_sustainable / sustainable / break_even / burning_treasury
insurance_fund_health	robust / adequate / minimal / no_insurance_fund
trader_pnl_quality	positive_sum / normal / negative_sum
fee_competitiveness	cheapest / competitive / average / expensive
source	Data source label (e.g. dydx_v4)
fetched_at	ISO 8601 timestamp

Cost estimation

Pricing model: $0.001 per market returned.

Scenario	Markets	Estimated cost
Default 100-market run	100 markets	$0.10
BTC-USD only (1 market)	1 market	$0.001
Full 300-market scan	300 markets	$0.30

FAQ

Q: Where does the Hyperliquid funding rate data come from? A: The actor calls the Hyperliquid public /info endpoint with type: "metaAndAssetCtxs" — no authentication required. The per-hour HL funding rate is converted to an 8h-equivalent rate for direct comparison with dYdX's 8h funding cycle.

Q: What does a negative cross_exchange_arbitrage value mean? A: A negative value means Hyperliquid's funding rate is higher than dYdX's for that market. A delta-neutral basis trader could pay funding on dYdX while receiving on Hyperliquid (positive carry on the HL long leg).

Q: Can I use this to scan for high-funding carry trade opportunities automatically? A: Yes. Enable highFundingOnly: true and set highFundingThresholdPct to your minimum annualized threshold (e.g. 50 for 50%+ APR). The actor will return only markets exceeding that threshold, sorted by your chosen metric.

Disclaimer: This actor aggregates publicly available market data for research and informational purposes. Perpetual futures trading carries significant risk of loss, including liquidation. Funding rate arbitrage involves counterparty and execution risks. Nothing here constitutes financial or investment advice.

Keywords: dYdX perpetual futures data, perp DEX analytics, funding rate tracker, crypto perpetuals open interest, basis trade opportunities, liquidation cascade risk, Hyperliquid funding arb, decentralized perp exchange data, crypto derivatives analytics, perpetual swap market data

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