Analytics · Review
ActiveSharpe review
Sharpe Terminal is a free crypto derivatives and market-intelligence dashboard with a public REST API and an MCP server for AI agents. It is useful for reading positioning data, but it is an information tool, not a place to custody funds.
By the DappsAtlas editorial team · Updated
DappsAtlas score
7.8/10
Good
Our verdict on Sharpe
7.8/10Sharpe suits active derivatives traders, researchers and developers who want funding, open interest, liquidation and narrative data in one free terminal, plus an API and MCP server for agents. The main strength is breadth: 35 venues, 24 workflows and agent-ready delivery without a signup. The main caveat is that audits, team details and paid pricing are not published on the homepage, and its heuristic scores should be cross-checked before any trade.
Score breakdown
How Sharpe scores
- Security
- 6.0/10
- Ease of use
- 8.0/10
- Fees
- 8.0/10
- Features
- 8.5/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Sharpe?
Sharpe is a crypto trading intelligence terminal run by Sharpe AI, which says it was founded in 2021. It pulls data from 35 exchanges and presents funding rates, futures open interest, liquidations, DEX flow, contract risk and sector rotation in one interface.
The project positions itself against derivatives dashboards by adding narrative and ecosystem tracking, correlation matrices, rug-pull detection and an API layer built for AI agents. It lists 24 workflows, from an arbitrage scanner to a coin comparison tool.
The homepage says it is backed by Google Cloud, NVIDIA, AWS and Anthropic. One third-party page also describes broader super-app features such as swaps, perpetuals, bridging and on-ramping, and a token called SAI. Its homepage focuses on analytics and data delivery.
How Sharpe works
Sharpe reads data directly from 35 centralized exchanges and perpetual DEXs through REST connections, and adds DEX token data and curated on-chain feeds. It then computes metrics such as funding APR, narrative rotation, correlation matrices and rug-pull scores in house every few minutes.
The results are delivered three ways: a web terminal for manual use, a public REST API, and an MCP server so AI agents can query live market state without scraping. Each value is served with its source, timestamp and settlement interval.
Funding rates show what longs pay shorts, or the reverse, on perpetual futures. Persistently high funding can signal crowded positions. Sharpe presents this alongside open interest and liquidations so traders can judge positioning.
7 features
Key features
01
Derivatives analytics
Funding rates from 35 venues, futures open interest and liquidations, and basis data show how leveraged traders are positioned.
02
Arbitrage scanner
Ranks spot-perp and cross-exchange spreads by net, fee-adjusted opportunity.
03
Rug check
Shows contract risk, holder concentration and trading restrictions before a trade, using in-house rug-pull scoring.
04
Narrative tracking
Tracks sector rotation across 30 narratives and 25 ecosystems, with performance, TVL and mindshare metrics.
05
RWA perps data
Covers funding on stock, index and FX perps, comparing 168 trading hours a week with about 32.5 hours of underlying price discovery.
06
Research tools
Includes a correlation matrix, coin comparison on drawdown, volatility and beta, and a rules-based price prediction score.
07
API and MCP server
47 REST endpoints and a 42-tool MCP server return JSON with source, timestamp and settlement interval attached.
Pros and cons
What we like
- Free to launch with no signup, and free API endpoints need no key
- Wide derivatives coverage, with funding rates from 35 venues
- Combines derivatives, token risk, narrative and sentiment tools in one place
- Public REST API and MCP server make the data usable by bots and AI agents
- Every API value carries source, timestamp and settlement interval
- Covers newer areas such as funding on stock, index and FX perps
Watch out for
- Does not publish a team list, audit reports or a security policy on the homepage
- Third-party descriptions disagree on scope (35 vs 50+ exchanges, 20+ vs 24 workflows), so coverage figures may be outdated
- Signals such as price prediction scores and rug-pull scoring are rules-based or heuristic and can be wrong
- Execution features (swaps, perps, bridging) are described by a third-party page but not on the homepage, so their status is unclear
- Paid tier pricing is not shown in its homepage
- The SAI token has low reported trading volume, which is a liquidity risk for holders
Sharpe fees
The homepage says the terminal is free with no signup, and that free API endpoints need no key. An API key is available for developers, and the site has a pricing page linked from its navigation.
Specific paid-plan prices and API rate limits are not stated in its homepage. Readers should check the pricing page. Any trading features would carry venue and network fees set by the underlying exchanges and chains.
Is Sharpe safe?
Sharpe is presented as a data and analytics tool, so the main risk is acting on wrong or stale signals, not smart-contract loss. Its rug-check and price-prediction features are rules-based or heuristic and should be treated as one input, not a guarantee.
The homepage names no audits, licences or team members. Sharpe says it is backed by large cloud and AI companies, but that is a claim from its own site. If any wallet connection or execution feature is used, review permissions carefully and never share keys. The SAI token trades at a low reported price and volume, so holders face liquidity risk. This is not financial advice.
6 steps
How to get started with Sharpe
- 1
Open the Sharpe site and launch the web terminal; no signup is required.
- 2
Start with the funding rates and futures pages to see how positioning looks across venues.
- 3
Use the rug check on any unfamiliar token before trading it elsewhere.
- 4
Browse the narrative and ecosystem trackers to see where capital is rotating.
- 5
If you build bots, request an API key or try the free endpoints, which need no key.
- 6
Connect the MCP server to Claude, Cursor or ChatGPT using the install command or hosted URL in the docs.
Who Sharpe is for
Sharpe is for perpetual futures traders who watch funding and positioning, researchers tracking sector and chain rotation, and developers building bots or AI agents that need structured market data. It is less suited to people who want a simple custody-based trading app or a guaranteed signal.
Sharpe FAQs
What is Sharpe Terminal?
Sharpe Terminal is an AI-driven trading intelligence terminal built by Sharpe AI, which the project says was founded in 2021. It turns data from 35 exchanges into signals on derivatives, DEX flow, on-chain risk, narratives and sentiment.
Is Sharpe free to use?
The homepage says the terminal is free to launch with no signup, and that free API endpoints need no key. An API key is offered for wider use. Pricing for paid tiers is linked from the site but not stated in its homepage.
What data does Sharpe cover?
It tracks perpetual funding rates across 35 venues, futures open interest and liquidations, DEX flow, contract risk, stablecoin supply and sector rotation across 30 narratives and 25 ecosystems. It also includes an arbitrage scanner and a correlation matrix.
What is the Sharpe MCP server?
Sharpe offers a REST API with 47 versioned endpoints and an MCP server with 42 tools. Clients such as Claude, Cursor and ChatGPT connectors can read funding, futures and arbitrage data through it. A hosted MCP option works by URL with nothing to install.
Does Sharpe have a token?
Sharpe lists a token, SAI, and the site has a tokenomics page. The terminal itself is described as free to launch. What the token does inside the product is not detailed in its homepage, so check the tokenomics page before buying.
Does Sharpe hold my funds?
The homepage describes data and analytics tools, and says nothing about holding user funds. One third-party page mentions swaps and perpetual trading in the same terminal. Check the current product pages to see whether any execution features are live and how they work.
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Guides
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How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.