Arweave AR · perps

AR's derivatives market shows low absolute positioning with modest deleveraging underway. Open interest stands at $8.9M, down 3.1% over the past twenty-four hours and 4.2% across the week, indicating traders are steadily closing exposure rather than adding to bets. The aggregated funding rate of 1.62% APR is mild and sits at the 26th percentile of its ninety-day range, meaning current conditions are actually cheaper than usual—shorts are not being forced to pay premiums typical for this contract.

The liquidation imbalance of -1.00 over twenty-four hours reveals that all closure activity favored short positions, with zero longs liquidated. This skew, combined with the ongoing open interest decline, suggests shorts are either taking profits or reducing risk while long positions exit voluntarily. The leverage risk score of 13 is notably low, reflecting minimal structural fragility in the market; positioning lacks the crowding or extreme leverage seen in more active derivative venues.

Taken together, AR exhibits light positioning with gradual deleveraging, a funding environment that does not reward either side aggressively, and very subdued liquidation risk. The market structure offers no signal of acute imbalance or acute positioning stress.