Open interest and funding rates are very important tools for advanced traders and if you could combine both of them together and make alerts from this it will be great..

some helpful things IMO:

gain data via hyblock or tradingview Open interest (OI) indicators and mix it with Funding rates from for example Coinglass

it will be helpful, for example:

if open interest goes up and funding is negative, it's great signal to buy or long

also if price is moving sideways, open interest is going up and funding is positive it means that selling pressure is coiming

all in all, make alerts about open interests and funding changes for coins it will be super helpful for advanced traders and even beginner traders

Regards

Nika Tsivtsivadze

(saqartvelo625@gmail.com)