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CoinGlass Derivatives Risk Index (CDRI)

The CoinGlass Derivatives Risk Index (CDRI) is a market risk indicator developed by the CoinGlass research team, designed to quantify leverage usage, trading sentiment, and systemic liquidation risk in the crypto derivatives market. CDRI outputs a standardized risk score ranging from 0 to 100, where a higher score indicates a market environment that is increasingly overheated or vulnerable.

CoinGlass Derivatives Risk Index Chart

CDRI

CoinGlass Derivatives Risk Index

Historical Values

Yesterday

Last Week

Last Month

Yearly High and Low

Yearly High(2025-06-19)

Yearly Low(2025-06-19)

FAQ

1. Introduction to the CoinGlass Derivatives Risk Index (CDRI)

By incorporating multiple weighted indicators — including open interest, funding rates, leverage ratios, long-short imbalances, volatility, and liquidation volumes — CDRI offers a real-time snapshot of market risk, suitable for trading risk control, quant strategy design, and product integration.

2. Score Meaning & Risk Levels

Score Range	Risk Level	Market Status	Strategic Recommendation
0 - 30	Low Risk	Calm market, conservative leverage	Consider increasing exposure with flexible plans
30 - 60	Neutral	Healthy structue, moderate sentiment	Continue standard trading strategies
60 - 80	High Risk	Leverage buildup, speculative behavior rising	Reduce exposure, tighten stop-loss sensitivity
80 - 100	Extreme Risk	Excessive leverage / FOMO, elevated liquidation risk	Focus on defense, avoid short-term directional bets

3. Core Index Components (Simplified)

CDRI is built on the following seven core risk indicators:

Total Open Interest (OI): Reflects overall leverage volume. Rapid increases signal potential overheating.

Funding Rate: Indicates cost of holding long/short positions. Extreme positive/negative rates often precede reversals.

Average Leverage Ratio: Measures trader risk appetite, across both retail and institutional accounts.

Long/Short Imbalance: Reflects directional overcrowding. High bias (e.g., 90% long) indicates concentrated liquidation risk.

Implied Volatility: Gauges expectations of future price swings. High IV = greater uncertainty and shock potential.

24h Liquidation Volume: A surge in forced liquidations signals systemic stress and risk release.

Volume Heat Change: Spikes in trading volume often indicate FOMO or panic phases.

All indicators are normalized (0–100) and weighted to compute the final CDRI score.

4. Update Frequency & Data Pipeline

To ensure real-time accuracy and stability, CDRI leverages high-frequency data aggregation from major exchanges. Details include:

Item	Description
Update Frequency	Real-time updates (every 5 minutes)
Data Sources	Aggregated from Binance, Bybit, OKX, Deribit, etc.
Processing Logic	Live collection of OI, funding rate, leverage ratio, L/S ratio, volatility, liquidations
Error Handling	Built-in safeguards against anomalies, API outages, or data spikes
Access Method	Available via RESTful API, compatible with terminals and quant systems
Historical Access	Hourly/daily historical snapshots available for backtesting and research

CDRI is a high-sensitivity market risk indicator. It is recommended to implement dynamic alerts (e.g., trigger signals if score > 80 or < 20).

5. Use Cases

Terminal Dashboard: Display market risk zones with intuitive color-coded gauges (e.g., green/yellow/red).

Strategy Risk Control: Use as a quant factor to define entry/exit logic.

For Intraday Traders:

Monitor short-term risk shifts and adjust stop-loss positions

Identify high-volatility signals to avoid extreme price action

For Quantitative Strategists:

Integrate as a dynamic factor in risk-parity portfolios

Use as the core of mean-reversion strategies driven by risk cycles

For Institutional Investors:

Use as a macro risk exposure reference

Perform portfolio-level stress testing and VaR simulations

Investor Sentiment Monitor:

Track excessive greed or panic phases to guide user awareness.

Media & Analytics:

Serve as a reliable sentiment and risk thermometer for derivatives market reports.

6. Example Display

Current CDRI Score: 83 (Extreme Risk)

The market is experiencing significant leverage accumulation. It is advised to avoid heavy directional positions and implement dynamic trailing stops.

7. Access Methods

Real-time API (REST supported)

Chart widgets and gauge components

Commercial licensing and terminal integrations

8. Disclaimer

The CoinGlass Derivatives Risk Index (CDRI) and any related content provided on this page are for informational purposes only and do not constitute investment, financial, or trading advice.

CoinGlass is not liable for any decisions or outcomes resulting from use of this index, including financial losses, volatility impacts, or indirect consequences. Users should fully understand market risks and exercise independent judgment when relying on CDRI for trading or strategy development.

Additionally, CDRI and its presentation platform are not involved in any token issuance, sale, or fundraising activities. It is not affiliated with any ICO, IEO, airdrop, or related fundraising mechanisms.

CoinGlass reserves the right to update, adjust, suspend, or terminate the index service at any time without prior notice.

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