Coinalyze alternative: Coinalyze vs MarketTrace
v2.0.0 · checked on 2026-11-08
Both show funding and open interest for free. Coinalyze covers far more venues and coins and has a free API. MarketTrace ranks each venue's funding against that venue's own two years, and adds footprint, order book and heatmap pages.
At a glance
| Feature | Coinalyze | MarketTrace |
|---|---|---|
| Shows | Open interest, funding, liquidation totals, long/short ratio, basis | Footprint, order book depth, liquidation heatmap and tape, funding, positioning, volume profile |
| Crypto venues | Binance, Bybit, OKX, Hyperliquid, Deribit, Kraken, Bitfinex, Huobi, dYdX, WOO X, Gate.io, Coinbase and others | Binance, Bybit, OKX, Hyperliquid. Heatmap: Binance, Bybit, OKX |
| Assets | Hundreds of coins, listed on the homepage | 9 perpetuals: BTC, ETH, SOL, BNB, XRP, DOGE, HYPE, ZEC, ENA |
| History | API keeps 1,500 to 2,000 intraday points. Daily data is kept | 30 days (14 for ZEC and ENA) of trades, 2 years of funding |
| Free, no account | Open interest and funding charts | All modules. Heatmap 24h |
| Paid | $10.95/mo removes ads. No paid data tier found | Pro $4.99/mo, not on sale yet, for 7- and 30-day heatmaps only |
| Per-venue numbers | Yes. Per-contract charts next to the aggregate | Yes. Merged numbers keep the venue they came from |
| Methodology | Open interest formula on the page | Published at /methodology |
| API and MCP | Free API, 40 calls a minute. MCP not stated | Free MCP server |
| Phone | Not stated | Web, footprint fits a phone |
Funding, open interest and positioning
What leverage is paying right now, and how unusual that is.
| Feature | Coinalyze | MarketTrace |
|---|---|---|
| Venues | Many more, including Deribit and Kraken | Binance, Bybit, OKX, Hyperliquid |
| Per-venue view | Per-contract charts | Rate, rank and streak side by side |
| Unusual or normal | Not stated | Percentile against each venue's own 2 years |
| Price | Free, $10.95/mo removes ads | $0 |
| Venue | Rate | Rank | Rows |
|---|---|---|---|
| Binance | 0.0100% | 89.4 | 2,190 |
| Bybit | 0.0091% | 75.8 | 2,190 |
| OKX | 0.0056% | 66.2 | 812 |
| Hyperliquid | 0.0074% | 29.3 | 17,520 |
Each venue is ranked against its own history. Rows is how many settlements stand behind that rank.
A funding rate percentile of N means N% of the settlements in that venue's trailing 730 days printed at or below the current rate.
left = count of elements in S strictly less than current right = count of elements in S less than or equal to current rank = (left + right) / 2 percentile = (rank / |S|) × 100Full methodology
For AI agents: the MarketTrace MCP server
MCP (Model Context Protocol) lets an AI assistant such as Claude or Cursor call a data source directly. The MarketTrace Crypto MCP gives it 11 read-only tools over the same pipeline as this site: 9 perpetuals on Binance, Bybit, OKX and Hyperliquid. It is free, with an email sign-in and no API key or card.
Coinalyze has a free API, 40 calls a minute. Its pages do not state an MCP server.
Is ETH positioning stretched?
get_market_state · the whole market in one call
Is BTC funding unusually high right now?
get_funding_percentile · is funding unusually high?
How has BTC open interest moved this week?
get_state_history · how it got here
The MCP reports what it can measure and self-declares how much to trust each number. It never returns a trade recommendation; it reports history and coverage-honest facts.
Each metric comes with its coverage (the venues that fed it and the history behind it), and every response states its age.MCP methodology
It is read-only: it cannot trade and holds no exchange keys. There is no liquidation heatmap tool yet. Liquidation totals cover Binance, Bybit and OKX, because Hyperliquid has no liquidation feed.
Which one to use
When Coinalyze fits better
- You need venues beyond our four
- You need coins outside our 9 perpetuals
- You want a free API
- You chart basis and long/short ratios by exchange
When MarketTrace fits better
- You want to know how unusual today's funding is for each venue
- You read footprint, order book and heatmap on one site
- You want to read the rule behind a figure
- You want an AI agent to read the data over MCP, with no API key
What MarketTrace doesn't give you
Venues beyond Binance, Bybit, OKX, Hyperliquid, coins outside our 9 perpetuals, a public REST API.
FAQ
Is Coinalyze free?
The open interest and funding charts open without a login, and the API is free. The paid product we found is an ad-free version at $10.95 a month.
Does Coinalyze have a footprint chart or a liquidation heatmap?
We did not find either on its site. Liquidations appear as historical totals. MarketTrace has both, on separate pages.
How does MarketTrace rank funding?
Each venue's current rate is placed in that venue's own trailing 730 days of settlements. The formula is on this page and in the methodology.
Does Coinalyze have an MCP server?
Its pages do not state one, though it has a free API. MarketTrace has a free, read-only MCP server with 11 tools and no API key. Its funding tool ranks the current rate against up to two years of history.
Sources
All read on 2026-11-08.
Versioning
A changed fact bumps the version. A changed conclusion bumps it further.
- v2.0.0 (2026-11-09): Added the MCP section.
- v1.0.0 (2026-11-08): First published.
Coinalyze is a trademark of its owner. MarketTrace is not affiliated with it. All comparisons