BSquared Network B2 · perps

B2 displays a modest positioning structure with subdued leverage risk. The aggregated funding rate stands at 9.60%, indicating moderately positive pressure where longs are paying shorts, though this sits at the 34th percentile of the last ninety days—well below the extremes B2 has recently traded. Open interest totals $8.8M across exchanges, a relatively small absolute base that has contracted by 2.5% over the past day and 5.2% over the past week, suggesting steady position unwinding rather than accumulation.

The liquidation imbalance of +0.00 over twenty-four hours reveals perfect equilibrium between long and short closures, indicating no directional cascade of forced exits. Combined with a leverage risk score of 13, B2 presents a low-fragility profile—traders are neither heavily overleveraged nor clustered into a crowded trade. The falling open interest paired with moderate funding and balanced liquidations suggests a market in the process of derisking rather than one building speculative exposure.