ApeCoin APE · perps

APE's derivatives market shows modest positioning with a leverage risk score of 9, indicating minimal fragility in current crowded leverage. Open interest stands at $14.5M, having declined 4.0% over the past twenty-four hours while expanding 14.8% across the past seven days—a pattern suggesting recent volatility prompted some position-taking followed by near-term profit-taking or deleveraging.

The aggregated funding rate of 4.10% annualized places APE in moderately bullish territory, with longs compensating shorts, though the funding percentile of 65 indicates this premium sits comfortably within recent norms rather than at an extreme. Over the last ninety days, funding has spent time both above and below current levels, so the present rate does not signal unusual crowding on either side.

The liquidation imbalance of -1.00 over twenty-four hours is the most notable signal: this reading shows pronounced short liquidations, suggesting some leveraged short positions were forced closed—potentially by upside moves or volatility spikes. Combined with the modest risk score and moderate funding rate, this points to a relatively balanced market without acute systemic leverage risk, though the recent liquidation activity warrants monitoring for shifts in positioning momentum.