AKE AKE · perps

AKE's perpetual-futures market shows moderate positioning with a notable disconnect between funding costs and recent activity. The aggregated funding rate stands at 10.95%, which ranks at the 1st percentile of the last 90 days—indicating that despite the elevated absolute rate, it is historically very low for this asset. This suggests that long positions, which typically drive funding rates upward, are unusually scarce relative to recent months.

Open interest has contracted sharply, falling 5.9% over the last 24 hours and 17.9% over the past week, signaling active deleveraging across the market. At $4.7M in total notional open interest, the market remains relatively modest in absolute size. The liquidation imbalance of +0.00 indicates balanced two-sided liquidations with no directional skew toward either longs or shorts in the most recent session.

The leverage risk score of 52 reflects moderate fragility—neither elevated nor particularly stable. The combination of weak funding (at the 1st percentile) paired with shrinking open interest and balanced liquidations suggests that AKE's derivatives market is in a period of reduced leverage and positioning density. While the absolute funding rate remains positive, the historical context and recent deleveraging trend indicate that crowding risk is minimal at present.