Basic Attention BAT · perps

BAT's perpetual-futures market shows subdued leverage positioning and minimal directional strain. The aggregated funding rate stands at 0.22%, placing it at the 23rd percentile over the past ninety days—well below historical norms for the coin, indicating that neither longs nor shorts are paying significantly to hold positions. Open interest totals $5.2M, a modest notional size that has contracted 4.3% over the last twenty-four hours and 2.1% across the past week, suggesting traders are gradually unwinding exposure rather than building fresh leverage.

The liquidation imbalance registered at -1.00 over twenty-four hours, meaning shorts faced concentrated liquidation pressure while longs remained untested. Despite this directional flush, the leverage risk score of 14 is substantially low, reflecting a market devoid of structural fragility. The combination of minimal funding, shrinking open interest, and depressed risk metrics indicates that BAT derivatives positioning carries minimal systemic tension and lacks the crowding or elevated leverage that would signal elevated near-term liquidation risk.