The Futures Volume Delta metric measures the net difference between buying and selling volumes (in USD value) where buyers and sellers were the aggressors. It focuses on the native asset traded against USD-related currencies (both fiat and stablecoins) and aggregates both perpetual and expiry futures contracts to provide a comprehensive view of market activity. The VD is calculated by subtracting the selling volume from the buying volume over a specific time frame, determined by your chosen data resolution (e.g., hourly, 10-minute intervals). A positive VD indicates that buying pressure is dominating, while a negative VD suggests that selling pressure is prevailing. This metric is useful for understanding overall market sentiment and identifying shifts in buying and selling pressure, helping traders anticipate potential price movements.

This is the Point-in-Time (PiT) variant of Futures Volume Delta. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.