Free Coinglass Alternative
If you use Coinglass mainly for liquidation maps, funding rates, open interest and the long/short ratio, MarginPad gives you that core set free, with no account (the live heatmap runs as a free 5-minute preview; unlimited access is part of Premium at $11.99/mo) - plus a real-time liquidation feed aggregated from 9 exchanges (with a free per-venue breakdown) and a free JSON API for the same data. Coinglass remains the deeper research platform; this page shows exactly what you get free here and what still needs a paid plan there.
Side-by-side
| Feature | MarginPad (free) | Coinglass |
|---|---|---|
| Liquidation map / heatmap | Free 5-minute preview, unlimited with Premium ($11.99/mo) - real events from exchange websockets + estimated clusters, all coins | Free tier limited; advanced heatmaps on paid plans |
| Real-time liquidation feed | Free - 9 exchanges (Binance, Bybit, OKX, Hyperliquid, Gate, HTX, dYdX, BitMEX, Bitfinex) | Available; depth varies by plan |
| Funding rates scanner | Free - 160 USDT-perp markets | Free with limits; full history paid |
| Open interest by coin | Free - live totals + 24h change | Free with limits; granular history paid |
| Long/short ratio | Free - 20 majors | Free with limits |
| Hyperliquid whale tracker | Free - live positions, leverage, liq price, PnL | Paid feature |
| Liquidation data API | Free JSON API, no key, 60 req/min | Paid API plans |
| Deep multi-year history & research tools | Not the focus - live data and trading practice | Stronger - this is what you pay Coinglass for |
| Price | Free core, no signup; Premium $11.99/mo (unlimited heatmap, advanced indicators, AI) | Free tier + paid subscriptions |
The honest summary: Coinglass is the better pure-research terminal - longer history, more exchanges per metric, institutional tooling. MarginPad is the better free daily driver - the core derivatives dashboard plus a paper-trading terminal to actually act on what you see, and a keyless API to build with.
FAQ
Is MarginPad really a free alternative to Coinglass?
For the core derivatives dashboard - liquidation maps, a live liquidation feed, funding rates, open interest, long/short ratio and a Hyperliquid whale tracker - yes, MarginPad is free with no account; the live heatmap is a free 5-minute preview and unlimited with Premium ($11.99/mo). Coinglass goes deeper on historical research and multi-exchange granularity, which is what its paid plans are for.
Where does MarginPad liquidation data come from?
MarginPad runs its own collector subscribed to the public liquidation websockets of 9 exchanges (Binance, Bybit, OKX, Hyperliquid, Gate, HTX, dYdX, BitMEX, Bitfinex), and aggregates per-coin 24h totals from its own archive of those events. Real events and estimates are always labelled separately.
Does MarginPad have a free liquidation API?
Yes - /api/v1/liquidations/recent, /api/v1/liquidations/live and /api/v1/clusters are keyless, CORS-enabled JSON endpoints at 60 requests/minute. Documentation at marginpad.io/free-crypto-api/.
What does Coinglass do better?
Deeper multi-year history, more granular per-exchange breakdowns, options data and institutional research tooling. If you need those, Coinglass paid plans are worth it - MarginPad covers the live day-to-day view for free.
Our Hyperliquid liquidation feed and whale tracker read its public chain. The exchange itself is one click away, 4% cheaper with our code.
Referral link - MarginPad may earn a commission if you open an account. The 4% fee discount is Hyperliquid’s referral discount; you never pay more than you would going direct. Not available to US persons under Hyperliquid’s terms.
Funding, open interest and basis are only worth something if you are positioned on the venue that pays them.
Affiliate links. We earn a commission if you sign up; you pay the same either way.