Avantis AVNT · perps

AVNT's derivatives positioning shows moderate tension between funding pressure and relatively benign liquidation dynamics. The aggregated funding rate stands at 10.95%, placing it at the 69th percentile of its ninety-day range—elevated but not extreme relative to recent history. Open interest sits at $6.1M, with a modest intraday gain of +0.6% offset by a weekly decline of -4.0%, suggesting light deleveraging over the broader timeframe despite minor positioning builds in the last day.

The most significant signal emerges from the liquidation imbalance of -0.77 over twenty-four hours, indicating substantially heavier short liquidations than long liquidations. This skew, paired with the elevated funding rate, points to crowded long positioning that has begun flushing out overleveraged shorts. The leverage risk score of 10 remains very low, reflecting minimal structural fragility in the market despite the funding elevation. Overall, AVNT exhibits a lopsided but not acutely dangerous setup: longs are paying shorts at a rate that is historically stretched for the coin, yet the absolute size of positioning and liquidation flow suggest the current environment lacks the hallmarks of dangerous crowding.