{"path":"/derivatives/futures_open_interest_crypto_margin_relative_perpetual","tier":3,"parameters":{"a":["SAROS"],"c":["native"],"e":["aggregated","bybit"],"f":["csv","json"],"i":["10m","1h","24h"]},"queried":{"a":"SAROS","path":"/v1/metrics/derivatives/futures_open_interest_crypto_margin_relative_perpetual"},"refs":{"docs":"https://docs.glassnode.com/basic-api/endpoints/derivatives#get-v1-metrics-derivatives-futures_open_interest_crypto_margin_relative_perpetual","studio":"https://studio.glassnode.com/charts/derivatives.FuturesOpenInterestCryptoMarginRelativePerpetual","metric_variant":{"bulk":"/derivatives/futures_open_interest_crypto_margin_relative_perpetual/bulk","pit":"/derivatives/futures_open_interest_crypto_margin_relative_perpetual_pit"}},"bulk_supported":true,"timerange":{"min":1748304000,"max":1771459200},"modified":1782506057,"descriptors":{"name":"Futures Open Interest Crypto Margin Relative Perpetual","short_name":"Futures Open Interest Crypto Margin Relative Perpetual","group":"Open Interest","tags":["futures","open_interest"],"description":{"default":"**Definition.** Futures Open Interest Crypto Margin Relative Perpetual is the share of open perpetual futures contract open interest that is collateralized with digital assets (native coin) rather than with cash (USD or USD-pegged stablecoins), expressed as a percentage of total perpetual open interest.\n\n**Technical.** Perpetual futures contracts are a type of derivative that allows traders to speculate on the price of digital assets without an expiration date. Mirrors the sibling Percent Futures Open Interest Crypto-Margined, restricted to perpetual contracts.\n\n**Interpretation.** The metric reflects the preference of market participants for using digital assets versus cash as collateral, which can provide insights into market confidence and risk tolerance. Answers questions of the form: what is the relative proportion of crypto-margined versus cash-margined open interest for %ASSET% perpetual futures? A reading of 50% marks the crossover between native-coin and cash-collateral majority within the perpetual segment.\n"},"data_sharing_group":"market"}}