Quantority
Comedian BAN · perps
Price · 1h
BAN across exchanges
| Exchange | Funding APR | Open interest | OI share |
|---|---|---|---|
B Binance | +10.95% | $6.61M | 56% |
B Bybit | -18.85% | $3.62M | 31% |
B Bitget | +10.95% | $1.47M | 13% |
Funding annualized per venue interval; open interest is the latest reading per exchange. No fresh per-venue reading from OKX right now — the cross-exchange totals above still include every venue's last data.
Interpretation
BAN's derivatives market shows signs of deleverage after a period of elevated long positioning. The aggregated funding rate stands at 10.95%, placing it at the 89th percentile over the past 90 days—indicating that longs have recently paid shorts at an unusually high rate relative to BAN's own recent history, though the market is now in the process of unwinding. Open interest has contracted by 7.4% in the past 24 hours and 9.1% over seven days, reflecting active position closure rather than fresh leverage accumulation.
The liquidation imbalance of +0.00 shows no directional skew in forced exits, suggesting that deleveraging has been orderly across both sides. With a leverage risk score of 33, BAN presents a relatively low-risk profile in terms of positioning fragility. The combination of elevated historical funding, falling open interest totaling $11.8M, and modest leverage concentration indicates that long crowding has peaked and is now correcting. This environment typically favors stability, though traders should monitor whether the unwinding accelerates or stabilizes.