๐Ÿ“ˆMarket Details

Welcome to our comprehensive market details section. Here, we provide a deep dive into the specifics of the selected market. Below is an outline of the information you'll encounter:

  • Market: This indicates the specific market you're viewing, for example, sBTCPERP. However, keep in mind that the type of PERP market can vary, so always ensure you're checking the details of the correct market.

  • Price: The current trading price of the selected market. This represents the most recent agreed-upon price between buyers and sellers.

  • Funding Rate (8h): This rate reveals the interest charged or received by traders who hold positions over an 8-hour period. It's a crucial metric for traders who intend to hold positions overnight or for extended durations.

  • Funding Rate (24h): Similar to the 8-hour rate, this indicates the interest over a 24-hour period. It provides a broader view of the funding dynamics over a day.

  • Funding Rate (1y): Comparable to the 8-hour and 24-hour rates, this signifies the interest over a 1-year period. It offers an in-depth perspective of the funding dynamics over an extended annual duration.

  • Long Interest: This figure represents the total value and percentage of traders who currently hold a long position in this market. A long position means these traders believe the market will rise.

  • Short Interest: Conversely, this showcases the total value and percentage of traders who are betting against the market, anticipating a decrease in price.

  • Total Interest: The combined value of both long and short interests. It provides a holistic view of the market's total open positions.

It's essential to interpret these metrics in tandem to get a holistic understanding of the market's current dynamics and sentiments. Always conduct thorough research and due diligence before making any trading decisions.

Show Daily/Hourly Chart

Using the daily or hourly chart, you can examine the market's structure via TradingView. We plan to enhance this feature; therefore, updates to this section can be expected in the future. You can also use the "View On Kwenta" option to check their chart.

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