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Open Interest

derivatives_open_interest
Read-only

Current market-wide (cross-exchange aggregate) open interest (USD) for one coin's perpetuals, with its 24h and 7d change, the 24h price change, AND the underlying 4h-bucket series. Read OI against price: price up on rising OI is new money opening positions, price up on falling OI is short covering — opposite trades off the same price move. The series makes that read available bucket by bucket instead of once per day (pair it with market_candles at 4h for the price leg), and carries the window's own low/high so the current level can be judged against where it has actually been. A 1y line ranks the level and today's 24h change against a year of daily closes (percentile, range with dates); the change rank is the better read, since the USD level mostly tracks price. Falls back to a single-venue figure if the aggregate source is offline. Set 'points' to trim the series (omit for the full ~10-day window; 0 to suppress it).

Input Schema

TableJSON Schema
NameRequiredDescriptionDefault
pointsNoHow many of the newest 4h buckets to emit. Omit for the full window (60 points ~ 10 days); 0 suppresses the series and returns the summary only.
symbolYesCoin symbol, e.g. "BTC".

Schema Changelog

Changes observed during successful MCP inspections.

  1. First observed

TDQS

A4.2/5.0
Behavior4/5

Does the description disclose side effects, auth requirements, rate limits, or destructive behavior?

Annotations already cover read-only safety, but the description adds substantive behavior: a fallback to a single-venue figure if the aggregate source is offline, and the points=0 suppression behavior. It also discloses that the series carries its own low/high window. It does not cover latency, caching, or rate limits, but for a read-only analytics call this is strong added context.

Agents need to know what a tool does to the world before calling it. Descriptions should go beyond structured annotations to explain consequences.

Conciseness4/5

Is the description appropriately sized, front-loaded, and free of redundancy?

Front-loads the core purpose then layers interpretation, fallback, and the points knob. Nearly every sentence carries information, though the price/OI interpretation passage runs long and repeats the same idea (rising vs falling OI) more than strictly needed.

Shorter descriptions cost fewer tokens and are easier for agents to parse. Every sentence should earn its place.

Completeness5/5

Given the tool's complexity, does the description cover enough for an agent to succeed on first attempt?

With no output schema, the description carries the full burden and does so: it explains the summary fields, the 4h series, the 1y percentile/range, and the fallback path. An agent can interpret the return value without guessing.

Complex tools with many parameters or behaviors need more documentation. Simple tools need less. This dimension scales expectations accordingly.

Parameters3/5

Does the description clarify parameter syntax, constraints, interactions, or defaults beyond what the schema provides?

Schema description coverage is 100%, and both symbol and points are already fully documented in the schema, including the same omit/0 semantics the description repeats. The description adds only framing about why the series matters, not new parameter syntax. Baseline 3 is correct when the schema does the heavy lifting.

Input schemas describe structure but not intent. Descriptions should explain non-obvious parameter relationships and valid value ranges.

Purpose5/5

Does the description clearly state what the tool does and how it differs from similar tools?

States a specific verb and resource with scope: market-wide cross-exchange aggregate open interest in USD for one coin's perpetuals. It also enumerates the exact payload (24h/7d change, 24h price change, 4h-bucket series, 1y percentile rank), so an agent knows precisely what it is getting. This distinguishes it from pricing siblings like market_candles and market_quotes.

Agents choose between tools based on descriptions. A clear purpose with a specific verb and resource helps agents select the right tool.

Usage Guidelines4/5

Does the description explain when to use this tool, when not to, or what alternatives exist?

Gives real interpretive context and an explicit pairing instruction ('pair it with market_candles at 4h for the price leg'). It also explains the price/OI read so the agent knows what question this tool answers. It stops short of naming when-not-to-use or contrasting with other derivatives siblings (derivatives_flow, derivatives_liquidations), so not a 5.

Agents often have multiple tools that could apply. Explicit usage guidance like "use X instead of Y when Z" prevents misuse.

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