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THE CONNECTED MARKET WORKSPACE

Market context.
One workspace.

Athenum is an analytics terminal for traders and analysts. Compare global events, market positioning and order flow in one workspace.

No credit card required

IRAN WAR / GLOBAL IMPACT

One conflict.
Global consequences.

Iran war: talks to reopen Hormuz face major hurdles

Mediators are seeking an end to the fighting and a reopening of the waterway connecting Gulf oil exports with global markets.

Location
Strait of Hormuz
Country
Iran / Oman
Read at AP · Local 10 ↗

Map context · waterway, not an incident location

Fixed news example, not a live feed. The report describes the situation on its publication date.

Exchange feeds and public data sources.

Examples of data sources, not partners. Coverage and update frequency vary by source, market and tool.

FROM THE BIG PICTURE TO THE DETAIL

One market.
Six perspectives.

An event is only the beginning. Explore its context, examine positioning and investigate the market in one workspace.

01 / 06World Map

Connect events to the markets.

Explore geopolitical events, shipping routes and critical infrastructure. Map layers carry source and freshness information.

  • News and events
  • Geopolitical layers
  • Shipping routes
ATHENUM / World Map
Historical Athenum World Map with shipping routes, trade chokepoints and LNG terminals.
Shipping routes · Trade chokepointsActual product view

Real app recordings · Dated recordings: September 16 – 24, 2026. The displayed market values and source status reflect the time of recording. TradeFi availability varies by module. Product areas and subscription domains are different: see plan details below.

A WORKFLOW THAT FITS TOGETHER

Check a thesis from three angles.

Build context. Locate risk. Check liquidity. Three connected steps, in one research workspace.

Start with the backdrop.

Compare economic series and liquidity conditions in Macro Chart Builder.

Macro · Chart Builder
Athenum Macro Chart Builder comparing the Fed balance sheet, Treasury General Account and reverse repos.
Actual product view

Put risk in context.

Compare price with estimated BTC/USDT liquidation zones. The heatmap is a model, not a forecast.

Derivatives · Liquidation Heatmap
BTC/USDT liquidation heatmap on Binance Futures, 1h, with the Cascade-fuel panel collapsed.
Actual product view

Inspect resting liquidity.

Compare large bids and asks in Whale Walls by price and BTC size. Resting orders can change or be cancelled; they are not executed trades.

Order Flow · Whale Walls
Athenum Whale Walls orderbook for BTC/USDT across Binance Spot, Binance Futures and Coinbase.
Actual product view

Historical product captures, recorded separately. These steps illustrate a research process, not an automatic link between a news event and a trade.

GUIDED PRODUCT TOUR · MARKET MOVEMENT

Read the market.
Understand the move.

01Terminal

See the bigger picture.

View BTC price, session returns and market correlations together.

Historical Athenum terminal workspace with a BTC chart, Session Returns, Correlation Matrix, Hourly Returns Heatmap, liquidations and Trade Feed
Historical capture · Sep 23, 2026

02Argus

See the market structure.

Explore structure breaks, order blocks and key price zones.

Historical Athenum Argus chart for BTC/USDT with market structure markers, order blocks and price zones
Historical capture · Sep 17, 2026

03Volume Delta

See the trading pressure.

Compare spot and futures buying and selling pressure alongside BTC price.

Historical Athenum Volume Delta capture showing the BTC price and separate futures and spot views
Historical capture · Sep 17, 2026
Historical Athenum terminal workspace with a BTC chart, Session Returns, Correlation Matrix, Hourly Returns Heatmap, liquidations and Trade Feed
Historical capture · Sep 23, 2026
01 / 03 · Terminal

Authentic product views, captured separately. Historical data, not live values. The captures illustrate a research workflow and are not synchronised in time.

Market data for your own tools.

The Athenum API is still in development. It is planned for Pro+ and will bring market data into your own dashboards and research.

  • Orderbook
  • Liquidations
  • Open Interest
  • Whale Positions
  • Funding
  • Macro Data
  • TradeFi
  • Prediction Markets
  • ETF Flows
  • Options
  • Price History
  • Volume Delta
Athenum API
Your application
Compare plan details

The diagram groups product datasets; it is not a list of available or guaranteed endpoints. Endpoints, limits and the launch date will be published in the documentation once the API is released. Trial accounts cannot create API keys.

WHY ATHENUM

Built around connected research.

Market research often means moving between charts, economic releases and exchange data. Athenum brings those views into one workspace so you can compare their evidence and limitations.

Legal Notice

ONE WORKSPACE. YOUR PERSPECTIVE.

Start curious.
Go deeper.

From your first market view to all five analysis domains.
Find the plan that fits the way you research.

Start with 7 days of Pro+. No credit card required.

One 7-day trial per user, after email verification. No API keys during the trial. It ends without an automatic charge; you can then choose a paid plan or continue with Free.

Explore

Free

Explore selected core tools

$0/mo

Free access to get started

Create a free account
1 analysis domain
  • Delayed data; no real-time entitlement
  • 1 venue per feature
  • Up to 24 hours of history
All features & domains

Choose Order Flow or Derivatives, with selected core tools and the Free limits below.

  • 1 saved layout
  • Delayed data; no real-time entitlement
  • 1 venue per feature
  • Up to 24 hours of history
  • ETHUSDT · 1h, 4h and 1d intervals
  • No alerts
  • Email and community support
How the domains work
Focus

Lite

Focus on one analysis domain

$27/mo

Billed monthly · USD

Choose Lite
1 analysis domain
  • Real-time access where the source supports it
  • Up to 5 venues per feature
  • Up to 48 hours of history
All features & domains

Choose Order Flow or Derivatives, with selected core tools. The plan does not include every feature in that domain.

  • Real-time access where the source supports it
  • Up to 5 venues per feature
  • Up to 48 hours of history
  • 3 saved layouts
  • Argus v1 · Whale notifications planned
  • Full symbol and interval catalog for available tools
  • Email and community support
How the domains work
Connect

Pro

Combine three analysis domains

$97/mo

Billed monthly · USD

Choose Pro
3 analysis domains
  • 3 analysis domains
  • All supported venues per feature
  • Up to 1.5 years of history
All features & domains

Order Flow + Derivatives, plus one of: Macro & Data, Macro Intelligence or TradeFi.

  • 3 analysis domains
  • All supported venues per feature
  • Up to 1.5 years of history
  • 10 saved layouts
  • Macro alerts · Whale notifications planned
  • Advanced indicators · Argus except v4
  • Advanced prediction-market signals
  • Email and community support
How the domains work

The current Founder offer prices Pro+ at $37/month instead of the standard $297. That is why Pro+ currently costs less than Pro. Monthly billing only; the Founder price is retained while the subscription stays active.

Compare plan details

These are plan ceilings, not guaranteed data coverage. Available history can be shorter; exchanges, symbols and refresh rates depend on the tool and source. Free and Lite include selected core tools in their chosen domain. Whale push and email notifications in account settings are still planned; they are not part of the currently configurable features. The Athenum API is still in development and planned for Pro+; it is not available yet. Commercial data exports are a Pro+ entitlement, but there is no separate export feature yet; CSV downloads built into individual tools are independent of it.

Six product areas. Five analysis domains.

The six perspectives above group the product by research question. Billing uses five domains: Order Flow, Derivatives, Macro & Data, Macro Intelligence and TradeFi. The Macro perspective spans the two macro domains.

World Map and the basic Prediction Markets workspace are platform views, not extra domain choices. Advanced prediction-market signals require Pro or Pro+. Individual module releases and data limits still apply.

Paid domain selections are fixed until the next selection window: the next billing date for monthly plans, or the first of the next calendar month (UTC) for annual plans.

How the domains work
FAQ

Frequently Asked Questions

Everything you need to know about the platform, security, and pricing.

Still have questions?
What is Athenum?

Athenum is a multi-asset analytics terminal for traders and analysts. It connects order flow, derivatives, macro data, prediction markets and geopolitical context. The product views show the actual platform; individual modules may have different availability.

How do the views work together?

Use macro series and events to frame a question, then examine positioning, executed trades and resting orders. The shared workspace makes comparison easier; a correlation or marked price zone is not a trading signal by itself.

What does Athenum cost?

You can use the free trading calculators without an account and try Pro+ for 7 days without a credit card. Paid access is available through Lite, Pro and Pro+. The plan comparison above shows current monthly and annual prices, included domains and any active founder offer. One 7-day trial per user, after email verification. No API keys during the trial. It ends without an automatic charge; you can then choose a paid plan or continue with Free.

Do I need to connect an exchange account?

No exchange connection is required to explore the public market data, charts and analytics shown here. The analytics workspace does not need permission to access your funds.

Is the same data available for every exchange?

Coverage depends on the exchange, instrument and tool. Order books, derivatives, options and macro data use different sources. Check the selected market and source in the relevant view; not every venue provides every dataset.

Does Athenum work on my phone?

The terminal is designed for desktop browsers and a multi-panel layout. Mobile is useful for quick checks; complex charts and research views work best on a larger screen. Availability also depends on browser and graphics support.

Can I cancel if it's not for me?

You can manage and cancel your subscription in your account settings. Access continues for the remainder of your paid billing period. The billing documentation explains renewals and cancellation. No credit card is required for the 7-day trial.

Free Tools

A useful place to start. Free.

Size a position, calculate leverage or model funding costs. Our trading calculators work without an account.

Explore all free tools
Learn

Free Crypto Trading Courses

Build a process you can check. Start with risk and execution, then work through the evidence behind derivatives and order-flow signals. Each lesson includes a calculation or case study, a failure case and a practice question.

20 courses · 100 lessons · 7 languages

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Latest Research

From the Blog

View all articles
Horizontal box plot on a logarithmic dollar axis comparing four settlement choices measured over 95 daily 08:00 UTC windows: partitioning the hour into twelve block medians versus a flat mean has a median difference of 0.98 dollars, a 60 minute versus 30 minute window 34.84 dollars, a 60 minute mean versus the last print 64.99 dollars, and settling at 15:00 UTC versus 08:00 UTC under one unchanged rule 357.33 dollars, each box showing the interquartile range and whiskers the 10th to 90th percentile

Bitcoin Futures Settlement Price: the Averaging Window Is Worth 65 Dollars, the Hour Is Worth 357

Measured on 2026-10-15 across 95 daily settlement windows: a 60 minute average lands a median 64.99 dollars from the last print, a 60 minute window differs from a 30 minute one by 34.84, and the settlement hour alone is worth 357.33.

Athenum AnalyticsAthenum Analytics
13 min
Horizontal bar chart of the realized publication grid of the Bitcoin perpetual funding rate at eight exchanges, measured over the 50 eight-hour settlements common to all of them between 2026-09-28T00:00Z and 2026-10-14T08:00Z, on a logarithmic axis in annualized percentage points spanning twelve orders of magnitude: Bitget, Gate.io, KuCoin and MEXC each at 0.109500 points with 6 decimals, Binance and Bybit each at 0.001095 points with 8 decimals, OKX at 1e-11 points with 16 decimals and HTX at 1e-13 points with 18 decimals

Bitcoin Funding Rate Precision: Four of Eight Exchanges Round to 0.000001

Over the 50 eight hour settlements common to eight exchanges between 2026-09-28 and 2026-10-14, Bitget, Gate.io, KuCoin and MEXC put every Bitcoin funding reading on an exact multiple of 0.000001. One step is 0.1095 annualized points.

Athenum AnalyticsAthenum Analytics
24 min
Implied dollar rate against days to expiry for the Deribit Bitcoin and Ether option boards on 2026-10-12 at 08:37 UTC, plotted on a log time axis with 95 percent fit intervals: the Bitcoin series reads 5.99 percent at 11 days, 6.13 at 18, 5.78 at 46, 5.59 at 74, 5.22 at 165, 5.25 at 256 and 5.42 at 347 days, the Ether series 0.06, 2.87, 4.91, 4.61, 4.74, 4.77 and 4.57 percent at the same expiries, with the 3-month Treasury bill at 4.05 percent and the 1-year Treasury at 4.44 percent drawn as reference lines, and the four expiries inside four days carrying 95 percent intervals tens of points wide that run off the top and the bottom of the scale, the 13 October fit reading plus 60.6 percent on Bitcoin and plus 103.8 percent on Ether.

Bitcoin Options Implied Interest Rate: 5.59 Percent at 74 Days, 4.61 on the Ether Board 91 Seconds Later

On 2026-10-12 at 08:37 UTC the Deribit Bitcoin option board implied a 5.59 percent dollar rate at 74 days across 399 two-sided strike pairs. The Ether board, read 91 seconds later, implied 4.61 percent, and a dollar rate cannot depend on the coin.

Athenum AnalyticsAthenum Analytics
17 min
Bar chart of Bitcoin option open interest at every listed Deribit strike on 2026-10-11 at 08:39 UTC, 90 bars spanning strikes from $20,000 to $250,000 against an index price of $82,997, with the four heaviest strikes labelled: $95,000 holding 29.7 thousand BTC or 8.0 percent, $90,000 holding 26.6 thousand or 7.1 percent, $100,000 holding 23.7 thousand or 6.3 percent and $80,000 holding 23.0 thousand or 6.2 percent, a dashed line marking the max pain strike of $79,000 at 0.84 percent of board open interest, and a note that 12 of the 90 strikes hold half of the 373,216 BTC total

Bitcoin Option Open Interest by Strike: 12 of 90 Strikes Hold Half the Board

On 2026-10-11 at 08:39 UTC the whole Deribit Bitcoin option board held 373,216 BTC of open interest across 930 contracts and 90 strikes. Twelve strikes hold half of it, the heaviest holds 8.0 percent, and the max pain strike holds 0.84 percent.

Athenum AnalyticsAthenum Analytics
19 min
Horizontal bars showing the median round trip cost on a Deribit Bitcoin option quote as a percentage of the option's own mid premium, by time to expiry, at 2026-10-10 04:12 UTC: 12.67 percent for 38 contracts expiring within a day, 11.99 percent for 184 expiring in one to seven days, 5.10 percent for 150 expiring in seven to thirty days, 3.77 percent for 213 expiring in thirty to ninety days and 3.14 percent for 296 expiring beyond ninety days, each bar carrying a gold interquartile whisker and the count of contracts in the bucket, against a dashed board median of 5.06 percent over all 881 two sided quotes

Bitcoin Options Spread: the Median Round Trip Costs 5.06 Percent of the Premium

Measured on the whole 950 contract Deribit BTC board at 2026-10-10 04:12 UTC, the 881 two sided quotes carry a median round trip cost of 5.06 percent of the option's own premium. The other 69 had no bid at any price, and 63 of those carry open positions.

Athenum AnalyticsAthenum Analytics
19 min
Horizontal bars showing how many hours a long must hold a Bitcoin perpetual before cumulative funding exceeds the round trip taker fee, measured over the 30 closed days ending 2026-10-08 00:00 UTC: Hyperliquid 88 hours, Bitget 153, OKX 164, Binance 178 and Bybit 214, each with a gold whisker for the range across the window's three 10 day blocks and a diamond for the hour the realized path actually crossed

Cost of Holding a Bitcoin Perp: Funding Passes the Round Trip Fee at the 18th Settlement

The cost of holding a bitcoin perp is usually compared venue by venue on the taker fee, and that is the smaller of the two numbers as soon as the position lives longer than a few days. Over the 30 closed days to 2026-10-07 a Binance long paid 40.33 basis points of funding against a 10 basis point round trip, so the funding bill passed the fee at the 18th of 90 settlements.

Athenum AnalyticsAthenum Analytics
14 min

See how it all connects.

Compare context, positioning and liquidity in your own research. Start with a 7-day Pro+ trial.

Start 7-day free trial 7 days of Pro+ · No credit card requiredActual product recording · Market data shown is historical