Cascade Radar
Short squeeze fuel on Bybit USDT perpetuals, the coins where shorts pay heavy funding while open interest builds. Contracts with $1m or more traded in 24h.
Members see the coins
Sign in with the wallet linked to your membership to open the fuel map, each coin's card and the event feed.
How it works
Loading shorts paying at least 0.30% a day with open interest up 20% in 24h, or shorts paying 1.5% a day on their own, or a funding settlement at the cap. Heating shorts paying at least 0.90% a day, open interest up 50% in 24h, the 24h move between −5% and +15%, no four hour spike yet. Ignition shorts paying at least 0.30% a day, open interest up 20% and a +15% move in four hours, together; an episode opens. Cascade open interest down 10% from its peak inside an open episode. Spent episode closed, 20% under its 24h high or after 48h; shown for 24h, the scanner re-arms after 12h. Cold none of these.
Source: Bybit public API, every two minutes; stages decided by the scanner. Funding pressure is what shorts pay to stay short, worked out as the worse of the settled and the predicted settlement, scaled to a day; below zero shorts pay longs. Open interest is the value of contracts open, shown in dollars. Measured conditions, not advice.
90-day replay, 547 contracts, 34 ignitions: the ignition alone had no entry edge (median −12% a day later, two thirds touched −10% before +20%, a quarter ran +20% first); spike then shorts carried twice the share of +50% moves; 4 of 153 heatings ignited inside 24h; the open interest turn was the exit warning that helped.
Fuel across venues shows each venue's funding scaled to a day, its open interest in dollars and how far the perpetual trades under spot, from the public tables of Bybit, Binance, Bitget, OKX, Gate and Hyperliquid; the line under it adds up the dollars the shorts pay a day and counts the venues at the 0.30 floor, where shorts pay at least 0.30% a day. Fresh shorts is where the open interest added in the last day was added, the hourly closes weighted by each hourly rise in open interest on Bybit, or on Binance when Bybit has no read, with the side guessed from funding while it built; it is a proxy, not the shorts' average entry. Binance positioning is Binance's public share of top traders and of all accounts holding longs, and its taker buy to sell ratio (market buys against market sells), read for the most active coins only; it says who leans which way, not how many dollars. Spot flow is the coin's 24h spot turnover on Upbit and Bithumb (Korea), the lira markets on BtcTurk and Binance (Turkey) and Binance spot, the Korean premium (the Upbit won price against Bybit) and spot turnover against Bybit and Binance perpetual turnover, from those venues' public tickers. Catalyst is the next dated event inside 14 days, such as an unlock, a vote, a listing or a mainnet, from a list kept by hand, so a blank line never means none exists. What expires next works out when the current stage would drop if every number stayed where it is, from the scanner's own thresholds. Record is the outcome scorer's count for coins in the same state: how many ran 20% before losing 10% inside 48 hours, how many lost 10% first, and the median move 48 hours later, at reference prices with no costs; under 20 cases it is marked early. Off Bybit lists coins whose shorts pay heavily on another venue that Bybit does not list, so they have no stage. The basket day badge shows when four or more liquid coins are up 15% in 4h or 20% on the day together. None of these readings changes a stage, a rank or an alert; the stage is still the scanner's, from Bybit alone, and a reading that is missing leaves its line out.