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curl -X GET "https://api.strike.markets/market/BTC-USD"

{
  "success": true,
  "message": "Market data retrieved successfully",
  "data": {
    "symbol": "BTC-USD",
    "current_price": "45123.50",
    "funding_rate": {
      "long_rate": "-0.0125",
      "short_rate": "0.0089",
      "next_update": "2024-01-15T15:00:00Z"
    },
    "open_interest": {
      "long_oi": "12500000.50",
      "short_oi": "10250000.25",
      "total_oi": "22750000.75",
      "skew": "0.10"
    },
    "volume": {
      "volume_24h": "5250000.00",
      "volume_1h": "250000.00",
      "trades_24h": 1523
    },
    "position_multiplier": "0.000001",
    "last_updated": "2024-01-15T14:30:00Z"
  }
}

curl -X GET "https://api.strike.markets/market/BTC-USD"

{
  "success": true,
  "message": "Market data retrieved successfully",
  "data": {
    "symbol": "BTC-USD",
    "current_price": "45123.50",
    "funding_rate": {
      "long_rate": "-0.0125",
      "short_rate": "0.0089",
      "next_update": "2024-01-15T15:00:00Z"
    },
    "open_interest": {
      "long_oi": "12500000.50",
      "short_oi": "10250000.25",
      "total_oi": "22750000.75",
      "skew": "0.10"
    },
    "volume": {
      "volume_24h": "5250000.00",
      "volume_1h": "250000.00",
      "trades_24h": 1523
    },
    "position_multiplier": "0.000001",
    "last_updated": "2024-01-15T14:30:00Z"
  }
}

​
Overview

Get detailed market information for a specific trading pair including current price, funding rates, open interest, and volume metrics.
This endpoint does not require authentication and can be accessed publicly.

​
Path Parameters

​
symbol
string
required
Trading pair symbol.Supported values: “BTC-USD”, “ETH-USD”, “SOL-USD”, “BNB-USD”, “XRP-USD”, “HYPE-USD”
Example: “BTC-USD”

​
Response Fields

​
success
boolean
Indicates if the request was successful
​
message
string
Success or error message
​
data
object
Market data object containing:
  • symbol: Trading pair symbol
  • current_price: Current mark price (string)
  • funding_rate: Funding rate information:
    • long_rate: Hourly funding rate for longs (negative = paying)
    • short_rate: Hourly funding rate for shorts (negative = paying)
    • next_update: ISO timestamp of next funding update
  • open_interest: Open interest breakdown:
    • long_oi: Total long open interest in USD
    • short_oi: Total short open interest in USD
    • total_oi: Combined open interest
    • skew: Market skew (-1 to 1, positive = more longs)
  • volume: Trading volume metrics:
    • volume_24h: 24-hour trading volume in USD
    • volume_1h: 1-hour trading volume in USD
    • trades_24h: Number of trades in last 24 hours
  • position_multiplier: Fee multiplier for position size
  • last_updated: ISO timestamp of last update

​
Market Metrics Explained

​
Funding Rate

Asymmetric funding rates that balance long and short positions:
  • Positive skew → Longs pay shorts
  • Negative skew → Shorts pay longs
  • Rates update hourly at the top of each hour

​
Open Interest Skew

Skew = (Long OI - Short OI) / Total OI
  • Range: -1 (all shorts) to +1 (all longs)
  • 0 = Perfectly balanced market
  • Affects funding rate calculations

​
Position Multiplier

Market-specific fee multiplier applied to position size:
MarketMultiplierImpact on 10B USD Position
BTC0.00000110x fee multiplier
ETH0.00000220x fee multiplier
SOL0.00001100x fee multiplier

​
Data Sources

  • Price Data: Real-time from HyperLiquid WebSocket
  • Open Interest: Aggregated from all open positions
  • Volume: Rolling 24-hour and 1-hour windows
  • Funding Rates: Calculated hourly based on skew

​
Caching

Market data is cached for 1 second to handle high-frequency requests while maintaining real-time accuracy.

​
Error Responses

​
404 Not Found
object
Market not found or not whitelisted
{
  "error": 404,
  "message": "Market BTC-EUR not found or not whitelisted"
}
​
500 Internal Server Error
object
Failed to retrieve market data
{
  "error": 500,
  "message": "Failed to fetch market data"
}

​
Usage Examples

​
Monitor Market Conditions

// Check if market is skewed before trading
const market = await getMarketDetail('BTC-USD');
if (Math.abs(market.data.open_interest.skew) > 0.5) {
  console.log('Market heavily skewed, consider opposite side');
}

​
Calculate Expected Funding

// Estimate hourly funding payment
const position_value = 10000; // 10k USD position
const funding_rate = market.data.funding_rate.long_rate;
const hourly_payment = position_value * funding_rate;