Advanced Market Data
Real-time order book depth, trade flow analysis, and market microstructure analytics.
Overview
PerpDesk's Advanced Market Data tools provide real-time analytics that go beyond standard price charts. These tools reveal the underlying market microstructure — who's trading, how deep the liquidity is, where the large orders are, and how order flow is evolving.
Order Book Analytics
Depth Visualization
Real-time order book depth displayed as a heatmap showing:
- Bid and ask liquidity at every price level
- Large order clusters (whale walls)
- Thin zones where price can move quickly
- Historical depth patterns overlaid on current state
Depth Imbalance
Continuous measurement of the imbalance between bid and ask side:
- Bid-heavy — More buying interest, potentially bullish
- Ask-heavy — More selling interest, potentially bearish
- Balanced — Equilibrium, often precedes a move
- Imbalance trends and divergences from price
Spoofing Detection
Algorithmic identification of potential spoofing activity:
- Large orders that appear and disappear rapidly
- Layered orders that move ahead of price
- Patterns consistent with artificial depth
Trade Flow Analysis
Real-Time Flow
Every trade classified as buyer-initiated or seller-initiated:
- Net buy/sell pressure in real-time
- Large trade detection (block trades)
- Trade flow momentum and acceleration
- Cross-exchange flow comparison
Cumulative Volume Delta
Running total of buy volume minus sell volume:
- Divergences between CVD and price (potential reversal signals)
- CVD trend analysis
- Multi-timeframe CVD views
Liquidation Tracking
Real-time monitoring of liquidation events:
- Liquidation size, price, and direction
- Liquidation clusters (cascade risk)
- Historical liquidation levels overlaid on charts
- Estimated liquidation levels based on open interest distribution
Funding Rate Analytics
Current Rates
Live funding rates across all connected exchanges:
- Annualized funding rate comparison
- Funding rate trends and velocity
- Cross-exchange funding rate arbitrage opportunities
Predicted Funding
Estimated next funding rate based on:
- Current open interest distribution
- Mark price vs. index price delta
- Historical patterns at similar positioning levels
Cross-Exchange Data
All market data tools aggregate data across connected exchanges, providing:
- Unified order book depth across venues
- Cross-exchange arbitrage detection
- Liquidity-weighted pricing
- Exchange-specific anomaly detection