Coinalyze vs CoinGlass vs Hyblock Capital: derivatives data compared

Which of these three should you use?

Choose by the job, not by the brand. CoinGlass is the widest cross-venue aggregator and the default if you want open interest, funding, liquidations and options context in one dashboard. Coinalyze is the better charting surface if you want those series plotted against price on your own timeframe, and its free tier is genuinely usable. Hyblock Capital is the one to pay for when you want modelled positioning — estimated liquidation levels, order-book sums, retail-versus-professional splits — and you accept that a model is an estimate.

Most desks that use any of these end up using two: one for breadth, one for the specific view they check every session. That is not indecision, it is how the category works. None of the three is an order-flow tool in the strict sense — for that pairing, see best AI tools for order flow analysis.

The three platforms side by side

The table maps capabilities, not scores. All three publish tiers on their own pricing pages and all three revise them, so we list price as something to check rather than reprint a figure that may be stale — inventing or repeating an unverified number under our name is worse than an empty cell. Everything else below reflects how each product positions itself as of 2026-08-20.

CoinGlass: the default cross-venue aggregator

CoinGlass is where most people land first because it answers the widest range of questions without a login. Open interest by venue, funding across exchanges, aggregated liquidations, long/short ratios, options open interest and ETF flows all sit in one place. If your question is "what is the crowd doing across the whole market right now", this is the fastest route to an answer.

Its genuine strength is breadth plus a public API, which makes it the practical backbone for anyone building their own dashboard. The honest limitation is that breadth comes with aggregation error: contract specifications, reporting behaviour and liquidation throttling differ by venue, so cross-venue totals are directionally useful and imprecise at the decimal. Read it as context, not as a trigger. If you want the interpretation layer that CoinGlass deliberately does not provide, we cover that in CoinGlass alternatives with interpretation.

Coinalyze: derivatives data as charts you can read

Coinalyze does fewer things and draws them better. Open interest, funding, basis, liquidations and long/short ratios come as proper time series you can overlay on price at your chosen timeframe, aggregated or per venue. For anyone whose workflow is "is open interest building or unwinding into this level", it is the least friction of the three.

It is also the one we would recommend to someone starting from zero budget, because the free tier is not a demo — it is a working chart. What you give up is scope: no options surface, no ETF context, a narrower venue list, and no positioning models. If your questions live entirely inside perps and you want them answered on a chart, Coinalyze is the better product and CoinGlass is the heavier tool you did not need.

Hyblock Capital: modelled positioning, not raw aggregation

Hyblock Capital sells a different thing from the other two. Rather than mainly aggregating what venues publish, it builds models on top: estimated liquidation levels derived from assumed leverage and entry distributions, cumulative order-book bid/ask sums, and segmentations that separate retail-sized from professional-sized positioning. That modelling is the product, and it is why the pricing sits where it does.

The value is that a well-built model answers questions raw data cannot — where forced selling would cluster if price travelled, or whether a build in positioning is coming from small accounts or large ones. The cost is epistemic: every one of those numbers inherits its assumptions. No venue publishes individual liquidation prices, so any level you see anywhere is inferred. Treat the output as a distribution of pressure, not as a map of orders. The mechanics are unpacked in liquidation heatmaps explained.

Which one has the best liquidation data?

It depends which liquidation question you are asking. For observed liquidations — trades that actually happened, aggregated across venues with history — CoinGlass is the most complete of the three and the usual correct answer. For modelled liquidation levels, meaning where positions would be closed if price moved, Hyblock Capital goes considerably deeper. Coinalyze sits between them: solid aggregated liquidation series, best consumed as a chart against price.

There is a constraint that applies to all three and that no vendor can engineer away. Exchanges do not publish full liquidation detail; some throttle their liquidation stream to a single message per symbol per interval, so aggregate totals are systematically understated and the shortfall is not uniform across venues. Every platform on this page is reading the same partial feed. Anyone claiming exact liquidation totals is claiming more than the data supports.

Is Hyblock Capital worth it over CoinGlass?

If you are paying for liquidation levels and positioning models you will actually check on every session, yes. If you are paying to see open interest, funding and aggregated liquidations, no — CoinGlass shows most of that publicly and Coinalyze charts it better. The split is that clean, and the mistake is subscribing to Hyblock for data you can already get free elsewhere.

The test we would apply is whether the modelled views change what you do. Spend two weeks noting each time a Hyblock-specific view — the liquidation level clustering, the order-book sums, the retail/professional split — told you something the free CoinGlass dashboard did not. If the count is low, the subscription is buying comfort, not information. If it is high, you have found the one thing on this page you cannot substitute.

What the free plans actually give you

All three have free access, and the three tiers are not comparable. CoinGlass exposes a large share of its dashboard without an account, which makes it the best free breadth on the market. Coinalyze gives the most usable free charting, with real timeframe control on the core derivatives series. Hyblock Capital's free access is a preview — the modelled views that justify the product sit behind the subscription, which is a defensible way to price a product built on modelling work.

The thing to check before you pay anything is failure behaviour. Watch each platform during a fast tape and during a quiet Sunday, and see what happens when a venue feed lags. Products that keep rendering a confident picture through a gap are the ones that will mislead you, and that standard applies to us as much as to them. The full checklist is in how to choose an AI market analysis tool.

Where The Confluence Show fits

We are not a competitor to any of the three, and it would be dishonest to frame it that way. CoinGlass, Coinalyze and Hyblock Capital sell data. The Confluence Show is the interpretation layer that runs on top of data like it: the Confluence Engine reads raw trades, order books and positioning from live Hyperliquid markets across BTC, ETH, SOL and HYPE, and NAIRO narrates what the confluence of those factors is doing, in words, with the invalidation stated in advance.

That means we cannot replace them. There is no queryable dataset here, no API, no custom study, no options surface. If your bottleneck is data access, buy from one of the rows above. If your bottleneck is the hours it takes to sit with that data, a continuous read is a different kind of tool. Either way, the reading is a scenario tied to a condition, never an instruction.

Educational analysis, not financial advice. @TheConfluenceShow