I'm interested in seeing Perpetuals Options Funding Rates on the OpenBB platform. Usually, I like to use this as a bullish or bearish signal since traders showing willingness to pay this funding rate gives a good Longs vs. Shorts metric. Typically I take a look at the overview on this page to see in general if rates are more negative, or more positive.
Coinglass provides aggregate data for the top coins across the major perpetuals markets: Binance, FTX, Bybit, and Okex.
Describe the solution you would like
Perpetuals funding rate data can be shown from CoinGlass here. On first glance this would require two updates.
Update keys to accept Coinglass API Keys
When a user is in the keys menu, they should be able to add a coinglass API key.
Add a perps menu option in crypto after a Symbol is loaded
When a user has loaded a crypto symbol that matches the options provided by Coinglass, they should be able to see perps funding rates via the API.
Add a perps menu option in crypto/ov, showing a general table of all available symbols.
When a user is in the ov menu, they should be able to see a table of funding rates from all available symbols.
If a user gives a flag, it should be possible to generate a color coded popup table to users can get a sort of visual representation of how the market is generally pricing crypto perpetuals.
Describe alternatives you've considered
Binance API
The Binance API has this data as well here, but it looks like Coinglass aggregates this data across multiple sources. The tradeoff of using only Binance is that while Binance may have more symbols as well since they're the largest market provider of perpetual options, Coinglass shows aggregate data of major tokens across multiple exchange operators.
Additional information
An introduction to Perpetual Options can be found here that explains their features.
What's the problem of not having this feature?
I'm interested in seeing Perpetuals Options Funding Rates on the OpenBB platform. Usually, I like to use this as a bullish or bearish signal since traders showing willingness to pay this funding rate gives a good Longs vs. Shorts metric. Typically I take a look at the overview on this page to see in general if rates are more negative, or more positive.
Coinglass provides aggregate data for the top coins across the major perpetuals markets: Binance, FTX, Bybit, and Okex.
Describe the solution you would like
Perpetuals funding rate data can be shown from CoinGlass here. On first glance this would require two updates.
Update
keys
to accept Coinglass API Keyskeys
menu, they should be able to add acoinglass
API key.Add a
perps
menu option in crypto after a Symbol is loadedperps
funding rates via the API.Add a
perps
menu option incrypto/ov
, showing a general table of all available symbols.ov
menu, they should be able to see a table of funding rates from all available symbols.Describe alternatives you've considered
Binance API
The Binance API has this data as well here, but it looks like Coinglass aggregates this data across multiple sources. The tradeoff of using only Binance is that while Binance may have more symbols as well since they're the largest market provider of perpetual options, Coinglass shows aggregate data of major tokens across multiple exchange operators.
Additional information
An introduction to Perpetual Options can be found here that explains their features.