Market Dashboard
Live state of the Bitcoin credit market
Indicators grouped by family. Click any card to expand its detail — historical chart, methodology, related signals.
Informational purposes only — not financial advice or a recommendation.
BTC Spot
Block Height
Hashrate (7D)
Arb Gas
USDC on Arbitrum
Active Auctions
Active Loans
Total Volume
Yield Curves
Gavel
no data
Treasuries
no data
Aave
no data
Compound
no data
BTC funding
no data
Cross-Market Rates
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Indicator Components
annualised, from MRYS
—
max USDC supply APY
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Selected Rates × BTC Price
No data in this time range.
Leverage Family
Cost of leveraged BTC long exposure via derivatives.
2 live
30D
BTC perp funding (annualised)
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30D
Funding–term spread
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Credit Premium
Premium Gavel rates command over external benchmarks (Treasuries, DeFi variable, BTC supply yield).
3 live
90D
DRP
DeFi Risk Premium
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30D
VRB
Variable Rate Basis
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Posted365D
CCS
Custodial Credit Spread
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Curve Native
Protocol-native signals derived from the canonical curve and credit surface fits.
2 live
LIVE
Curve shape
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LIVE
Gavel implied price floor
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On-chain indicators now have a section of their own
MVRV-Z, SOPR and long-term-holder supply are network measures derived from the Bitcoin node, not credit measures — they describe the chain whether or not anyone is lending. They were withheld from this surface while their destination was built; it now exists.
Miner-facing indicators now have a section of their own
The hash-rate credit spread, the revenue-per-input differential and the mining revenue yield spread describe the economics of producing Bitcoin, not the cost of borrowing against it. Their audience is the miner-borrower, and the section they were promised now exists — with the depth of the underlying series stated on it.