0G 0G · perps

0G's derivatives market shows modest positioning with limited leverage fragility. Open interest stands at $5.3M, with open interest declining over both the 24-hour and 7-day periods at -6.7% and -13.0% respectively, signaling active deleveraging and position unwinding across the market.

The funding environment remains benign. The aggregated funding rate of 1.49% sits at the 44th percentile of the past 90 days, indicating conditions only slightly tilted toward longs without any stretch relative to recent history. This moderate rate and middle-of-range percentile suggest balanced sentiment between buyers and sellers without the kind of crowding that typically precedes violent repricing.

Liquidation activity over the past 24 hours shows a liquidation imbalance of -1.00, meaning shorts have been liquidated exclusively while longs have faced no liquidation pressure. Against the backdrop of declining open interest and benign funding, this asymmetry does not signal systemic stress; rather, it appears consistent with controlled deleveraging. The leverage risk score of 10 reinforces this picture—the positioning is structurally low-risk with minimal leverage congestion, presenting little tail-risk exposure.