What Is Coinglass?
Coinglass (formerly Bybt) is a cryptocurrency futures data aggregator and analytics platform. It collects and visualizes derivatives data from all major exchanges. Key stats:
- Futures data aggregator — pulls data from Binance, Bybit, OKX, Bitget, dYdX, CME, and more
- Liquidation heatmaps — visualize where leveraged positions are concentrated and likely to be liquidated
- Open interest tracking — real-time OI across all exchanges and trading pairs
- Funding rates — live funding rates across exchanges, indicating perp market sentiment
- Long/short ratios — see the ratio of long vs short positions on each exchange
- Free + Premium ($12/mo) — core features are free, advanced analytics behind a paywall
- Used by professional traders, fund managers, and on-chain analysts worldwide
Key Features
- Liquidation Heatmap — The signature feature. A visual map showing price levels with heavy leverage concentration. When price hits these zones, cascading liquidations often cause sharp moves.
- Open Interest (OI) — Track total open interest across all exchanges. Rising OI = new money entering; falling OI = positions closing. Divergences with price signal potential reversals.
- Funding Rates — Live funding rates for perps across exchanges. Extreme positive funding = overheated longs (bearish signal). Extreme negative = excessive shorts (bullish signal).
- Long/Short Ratios — See the percentage of long vs short positions on Binance, OKX, and Bybit. Extreme ratios often precede squeezes.
- Liquidation data — Total liquidations by time period, by exchange, and by asset. See when big liquidation events happen in real time.
- Options data — Max pain, put/call ratios, open interest by strike for BTC and ETH options.
- Bitcoin indicators — MVRV, NUPL, SOPR, stock-to-flow, and other on-chain metrics in one place.
Step-by-Step Setup
- Visit coinglass.com — No installation required. Coinglass runs entirely in your browser.
- Create a free account — Sign up with email for saved preferences and alert functionality.
- Navigate to Liquidation Heatmap — Click "Liquidation" in the top menu. Select BTC or ETH and choose your timeframe (24h, 7d, 30d). This shows where leverage clusters exist.
- Check Open Interest — Go to "Open Interest" to see total OI across exchanges. Compare OI changes with price movement to identify trends.
- Monitor Funding Rates — Navigate to "Funding" to see live rates. Sort by exchange or by coin to find extremes.
- Set up alerts — Configure alerts for funding rate extremes, OI spikes, or large liquidation events.
- Explore premium features — Consider the $12/mo premium for real-time data, advanced heatmaps, and historical analysis.
Security
- Read-only platform — Coinglass is a data analytics tool. It never connects to your exchange account or wallet.
- No API keys needed — You do not need to share exchange API keys. All data is aggregated from public exchange APIs.
- Account security — Use a unique password for your Coinglass account. Enable 2FA if available.
- Data accuracy — Coinglass pulls directly from exchange APIs. Data is generally reliable but can have brief delays during extreme market conditions.
Fees
- Free tier — Access to most features including liquidation data, OI, funding rates, and long/short ratios with some delays
- Premium — $12/month for real-time data, advanced liquidation heatmaps, historical data, and additional indicators
- Annual plan — Discounted at ~$100/year
- No trading fees — Coinglass is a data tool, not an exchange
Coinglass vs Alternatives
| Feature | Coinglass | Laevitas | CoinAnalyze | TradingView |
|---|---|---|---|---|
| Liquidation Heatmap | Best-in-class | No | Basic | No |
| Open Interest | All exchanges | Good | Good | Limited |
| Funding Rates | Comprehensive | Good | Good | No |
| Options Data | Good | Best-in-class | No | No |
| Price | Free + $12/mo | $49/mo | Free | $15-60/mo |
| On-chain Metrics | Yes | No | No | No |
Tips & Tricks
- Trade the liquidation map — When the heatmap shows heavy leverage clustered above current price, market makers often push price there to trigger liquidations. Use this as a magnet for price targets.
- Funding rate extremes = mean reversion — When funding hits extreme levels (above 0.1% or below -0.05%), the market is often crowded. These are historically high-probability mean reversion zones.
- OI divergence from price — Rising price + falling OI = rally fueled by short liquidations (unstable). Rising price + rising OI = new longs entering (stronger trend).
- Combine with TradingView — Use Coinglass for derivatives data and TradingView for technical analysis. The combination gives you both sentiment and structure.
- Watch the 24h liquidation ticker — Large liquidation events often mark local tops or bottoms. A $100M+ liquidation wave usually signals exhaustion.
Coinglass transforms raw derivatives data into actionable trading intelligence. At $12/month for premium (or free for basic use), it delivers an edge that far exceeds its cost. Every futures trader should have it open alongside their charts.
Related guides: CoinGecko Guide | Best Crypto Futures Platforms | Best Crypto Exchanges 2026
Frequently Asked Questions
Is Coinglass free?
Core features are free including liquidation data, open interest, funding rates, and long/short ratios. Premium ($12/month) adds real-time data, advanced heatmaps, and historical analysis.
What is a liquidation heatmap?
A liquidation heatmap visualizes price levels where leveraged positions are concentrated. When price reaches these zones, positions are forcefully closed (liquidated), often causing rapid price moves. Traders use it to anticipate where price may be 'attracted' to.
How accurate is Coinglass data?
Coinglass aggregates data directly from exchange APIs and is generally very accurate. There can be brief delays during extreme market volatility. It is trusted by professional traders and analysts industry-wide.
Do I need to connect my exchange account?
No. Coinglass is a read-only analytics platform. It pulls publicly available data from exchanges. You never need to share API keys or connect accounts.