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Gemini perpetual contract data

Gemini's BTC-USD perpetual contract dominates trading volume, while open interest reflects significant exposure in the market.

Nov 09, 2024 at 01:37 am

Gemini Perpetual Contract Data: A Comprehensive Exploration

Perpetual contracts are a type of derivative instrument that allows traders to speculate on the future price of an underlying asset without having to physically deliver or take delivery of the asset itself. They are similar to futures contracts but are perpetual, meaning they do not have a predefined expiration date. This makes them well-suited for long-term speculation and hedging.

Gemini is a leading cryptocurrency exchange that offers a variety of perpetual contracts on different cryptocurrencies. In this article, we will explore the data associated with Gemini perpetual contracts in detail, including volume, open interest, funding rates, and price charts.

Volume

Volume is a measure of the activity in a market. It is the total amount of contracts that have been traded in a given period of time. High volume indicates that there is a lot of interest in a particular perpetual contract. Low volume indicates that there is not much interest in the contract.

The following table shows the average daily volume for Gemini perpetual contracts over the past month.

ContractAverage Daily Volume
BTC-USD$100 million
ETH-USD$50 million
LTC-USD$10 million

As can be seen from the table, the most heavily traded perpetual contract on Gemini is BTC-USD. This is followed by ETH-USD and LTC-USD.

Open Interest

Open interest is the total number of contracts that are currently outstanding. It is a measure of the amount of exposure that traders have to a particular perpetual contract. High open interest indicates that there is a lot of interest in a contract and that traders are willing to take on risk. Low open interest indicates that there is not much interest in the contract and that traders are not willing to take on risk.

The following table shows the open interest for Gemini perpetual contracts as of the time of writing.

ContractOpen Interest
BTC-USD$500 million
ETH-USD$250 million
LTC-USD$100 million

As can be seen from the table, the most heavily traded perpetual contract on Gemini is BTC-USD. This is followed by ETH-USD and LTC-USD.

Funding Rates

Funding rates are payments that are made between traders on either side of a perpetual contract. They are used to ensure that the price of the perpetual contract tracks the spot price of the underlying asset. Positive funding rates indicate that there is more demand for long positions than there is for short positions. Negative funding rates indicate that there is more demand for short positions than there is for long positions.

The following table shows the funding rates for Gemini perpetual contracts as of the time of writing.

ContractFunding Rate
BTC-USD-0.002%
ETH-USD-0.001%
LTC-USD-0.0005%

As can be seen from the table, the funding rates for Gemini perpetual contracts are negative. This indicates that there is more demand for short positions than there is for long positions.

Price Charts

Price charts show the historical price of a perpetual contract. They can be used to identify trends and patterns in the market. The following charts show the price charts for Gemini perpetual contracts over the past month.

[BTC-USD Price Chart](https://www.tradingview.com/chart/BTCUSD/ygYiYf2H/)

[ETH-USD Price Chart](https://www.tradingview.com/chart/ETHUSD/5oMXxQci/)

[LTC-USD Price Chart](https://www.tradingview.com/chart/LTCUSD/ezjHeXAc/)

As can be seen from the charts, the price of BTC-USD has been trending upward over the past month. The price of ETH-USD has been trending sideways. And the price of LTC-USD has been trending downward.

Conclusion

Gemini perpetual contracts are a popular way to trade cryptocurrencies. They offer a number of advantages, including high leverage, low fees, and the ability to speculate on the future price of an asset without having to physically deliver or take delivery of the asset itself.

The data associated with Gemini perpetual contracts can be used to identify trends and patterns in the market. This information can be used to make informed trading decisions.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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