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CRYPTO PERPS · FRAGILITY INDEX

See where the
floor is thin.
Before it gives way.

An hourly fragility index for crypto perps. See where leverage is out of proportion to the liquidity that has to absorb it.

Join the waitlist ↗Explore the methodology ↓

Market structure. No direction calls.

HOURLY RANKINGILLUSTRATIVE
Fragility, at a glance.
Leverage relative to the liquidity beneath it.
#ASSETSCORE
01MUBARAK9.4
02HUMA8.8
03ARK8.1
04GRASS6.6
~300perps screened
1hrefresh cycle
$30M–1Bmarket cap range
A CLEARER VIEW OF MARKET STRUCTURE

Not another dashboard.

01 /

Normalized

Leverage scaled by market cap, depth and float — not raw OI.

02 /

Market-wide

One ranked shortlist instead of 300 charts.

03 /

Volatility-controlled

Shows what the setup adds beyond "it's already jumpy".

What it measures

  • Hourly 1–10 fragility score
  • Leverage vs market cap, float and depth
  • Crowding: funding z-score, OI change
  • Perp vs spot volume balance
  • Structure, separated from volatility
  • Setup stage: building → exhausted

What it doesn’t

  • No buy/sell or long/short calls
  • No timing calls
  • No large caps: $30M–$1B only
BUILT ON MARKET DATA

The inputs behind the index.

~300 perps screened every hour. Point-in-time data, no backfilling.

Open interest

Binance · Bybit · Hyperliquid

HOURLY

Funding rates

Binance · Bybit · Hyperliquid

HOURLY

Order-book depth ±1% / ±2%

Binance perp book

HOURLY

Perp and spot volume

Binance · Bybit · OKX · Coinbase · Hyperliquid

HOURLY

Price and volatility

Binance perp

HOURLY

Supply and market cap

CoinGecko

DAILY
EARLY ACCESS

Read the structure.
See the fragility.

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© 2026 PerpquakeMarket data and risk analytics. Not investment advice.