Active Exchanges
Number of exchanges reporting funding data
| Property | Value |
|---|---|
| Category | Market Data |
| Unit | Dimensionless |
| Resolution | 1d |
| Assets | BTC |
| Tier | Basic |
| API Endpoint | GET /v1/funding/aggregate |
| Field | exchange_count |
Overview
Active Exchanges tracks the number of cryptocurrency exchanges reporting perpetual futures funding rate data on each day. This metric serves as a data quality indicator for the funding rate dataset.
Interpretation
- Normal value (7): All tracked exchanges (Binance, Bybit, OKX, Deribit, Bitget, Gate.io, Hyperliquid) are reporting data
- Below 7: One or more exchanges had downtime, API issues, or were not yet tracked on that date
- Historical growth: The exchange count increases over time as new exchanges are added to the tracking pipeline
Use Cases
- Data quality monitoring: A sudden drop in exchange count may indicate pipeline issues that affect aggregate funding rate accuracy
- Coverage assessment: Understand how representative the aggregate funding rate is based on how many exchanges contribute
- Historical context: Earlier dates may show fewer exchanges, meaning aggregate rates were less diversified
Data Source
Exchanges are tracked via the Blocklens data pipeline on the Data VPS. Each exchange reports funding rates at 8-hour intervals (Hyperliquid reports hourly).
API Usage
curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/funding/aggregate?start_date=2024-01-01&end_date=2024-12-31&limit=365"
Related Metrics
- Annualized Funding Rate (OI-Weighted) — OI-weighted average annualized funding rate across 7 exchanges