To Trade on a Perpetual DEX, You'll Need These Tools
10-07 , 20:06
As the founder of Binance, CZ surprisingly declared that the Perp Dex era has arrived without saying anything else. There are many products in the Perp Dex space, such as funding rate variances, cross-platform exchange rate deviations, and opaque position information. In order to more efficiently participate in the market, auxiliary tools have become a necessity for many players. BlockBeats has compiled several useful PerpDex tools.
Whether on-chain or on a centralized exchange, the destination of smart money has always been a concerning issue. They often bring higher trading activity than KOL followers, as tracking them is usually a spontaneous behavior. Especially during the meme coin craze or prediction market periods, these types of auxiliary projects are among the first to appear, and PerpDex is no exception.
Players who frequently participate in the secondary market trades will surely be familiar with this website. As one of the fairly well-established data websites, its data covers various scenarios such as FundingRate, institutional ETFs, options, and most other token usage scenarios on trading platforms.
However, for PerpDex, currently only related data involving Hyperliquid's wallet analysis is publicly available, but the presentation of this data is also quite interesting. Coinglass categorizes users into 16 user types based on position size and whether they are in profit or loss (similar to the 16 MBTI types). Through this user heatmap, it is very intuitive to see the views (bullish or bearish) of these 16 user types on a particular mainstream token.
As shown in the image, the "MoneyPrinter" who has earned over $1 million is expressing their current sentiment towards the Aster token.
The second aspect is the overall proportion of long and short positions and wins and losses among these 16 user types. At first glance, it is quite reflective of the current market sentiment of players in each position. For instance, users in the range of 0 to $250 like the author or from $250 to $10,000, known as "Fish," have low opening positions. Conversely, players with over $10,000 are almost entirely engaged in long positions.
When it comes to smart wallet tracking, HyperBot is definitely a recent hotspot. Originally a tool in the Hypeliquid ecosystem, it has since expanded to the Aster platform. More importantly, it can real-time push notifications for whale wallet changes and fund flows, allowing ordinary users to also capture smart money movements in a timely manner.