# Perp Derivatives Squeeze Watch

> Perp Derivatives Squeeze Watch is a paid API for AI agents from derivatives.x402tookit.com, paid per call via x402, $0.02/call, status unknown (last checked 2026-10-29).

Returns a combined squeeze-risk score for a Hyperliquid perpetual, aggregating funding rate, open interest build-up, 24h price move, and basis into long/short squeeze point totals with a verdict and reasons.

## Facts

- Endpoint: GET https://derivatives.x402tookit.com/squeeze-watch?utm_source=zero.xyz
- Price: $0.02/call
- Payment: x402
- Status: unknown
- Last checked: 2026-10-29
- Activations on Zero: 0
- Tags: x402
- Canonical page: https://www.zero.xyz/c/perp-derivatives-squeeze-watch-59dad512
- Structured record (JSON): https://api.zero.xyz/v1/capabilities/cap_5zP51fu-VCzwTo_728b2E

Status and success rate cover calls made through Zero and Zero's own probes. Third-party monitors may report differently.

## How to call it through Zero

Zero handles the 402 payment challenge and records the run. With the Zero CLI installed (`npm i -g @zeroxyz/cli`):

```sh
zero fetch --capability perp-derivatives-squeeze-watch-59dad512
```

Example prompt: What's the current squeeze risk score for SOL on Hyperliquid — give me the long and short squeeze points, the verdict, and the key reasons driving it.

## When to prefer this

Use this endpoint when you need a single composite squeeze-risk verdict for a Hyperliquid perp, rather than querying funding, OI, basis, and price move separately and combining them yourself. It is ideal for pre-trade risk checks, alerting pipelines that flag crowded positions, or post-move attribution. Prefer this over the individual signal endpoints when you want an opinionated, weighted score and human-readable verdict in one call.

## Known failure modes

- Invalid or unlisted coin ticker returns an error or null fields
- Coin is delisted or isolated-only on Hyperliquid, resulting in degraded output or notChecked fields
- Hyperliquid API downtime causes degraded:true with partial or stale data
- Missing query parameter 'coin' results in a 400-level error
- Rate limiting or payment failure returns a 402 or 429 response

## How this service works

Squeeze risk for a perp: funding, open interest build-up, 24h move and basis combined into a published points score.

## Output

Returns a scored squeeze-risk object for the requested coin including: longSqueezePoints and shortSqueezePoints (numeric scores), a verdict string (e.g. 'elevated short squeeze risk'), an array of human-readable reasons, a plain-English summary, the underlying input signals (annualized funding %, OI-to-volume ratio, 24h change %, mark-vs-oracle %), a timestamp (asOf), source URL, and optional degraded/notChecked flags if some data was unavailable.

## Request schema (JSON Schema)

```json
{
 "type": "object",
 "$schema": "https://json-schema.org/draft/2020-12/schema",
 "required": [
  "input"
 ],
 "properties": {
  "input": {
   "type": "object",
   "required": [
    "type",
    "method"
   ],
   "properties": {
    "type": {
     "type": "string",
     "const": "http"
    },
    "method": {
     "enum": [
      "GET"
     ],
     "type": "string"
    },
    "queryParams": {
     "type": "object",
     "required": [
      "coin"
     ],
     "properties": {
      "coin": {
       "type": "string",
       "description": "Hyperliquid ticker, e.g. SOL"
      }
     }
    }
   },
   "additionalProperties": false
  },
  "output": {
   "type": "object",
   "required": [
    "type"
   ],
   "properties": {
    "type": {
     "type": "string"
    },
    "example": {
     "type": "object",
     "properties": {
      "asOf": {
       "type": [
        "null",
        "string"
       ]
      },
      "coin": {
       "type": [
        "null",
        "string"
       ]
      },
      "inputs": {
       "type": [
        "null",
        "object"
       ],
       "properties": {
        "change24hPct": {
         "type": [
          "null",
          "number"
         ]
        },
        "markVsOraclePct": {
         "type": [
          "null",
          "number"
         ]
        },
        "oiToVolumeRatio": {
         "type": [
          "null",
          "number"
         ]
        },
        "fundingAnnualizedPct": {
         "type": [
          "null",
          "number"
         ]
        }
       }
      },
      "source": {
       "type": [
        "null",
        "string"
       ]
      },
      "reasons": {
       "type": [
        "array",
        "null"
       ],
       "items": {
        "type": "string"
       }
      },
      "summary": {
       "type": [
        "null",
        "string"
       ]
      },
      "verdict": {
       "type": [
        "null",
        "string"
       ]
      },
      "degraded": {
       "type": [
        "boolean",
        "null"
       ]
      },
      "sourceUrl": {
       "type": [
        "null",
        "string"
       ]
      },
      "disclaimer": {
       "type": [
        "null",
        "string"
       ]
      },
      "notChecked": {
       "type": [
        "array",
        "null"
       ],
       "items": {
        "type": "string"
       }
      },
      "longSqueezePoints": {
       "type": [
        "null",
        "number"
       ]
      },
      "shortSqueezePoints": {
       "type": [
  
… (truncated)
```

## More

- Live health (JSON, refreshed every minute): https://www.zero.xyz/c/perp-derivatives-squeeze-watch-59dad512/health.json
- [Zero catalog index](https://www.zero.xyz/llms.txt)
- [Other services from derivatives.x402tookit.com](https://www.zero.xyz/host/derivatives.x402tookit.com/llms.txt)