Celo CELO · perps

CELO's derivatives market shows modest positioning with a distinctly short-favoring structure. The aggregated funding rate stands at -1.77%, indicating shorts are receiving payments from longs—a pattern consistent with underlevered or cautious sentiment. This negative rate sits at the 36th percentile over the past 90 days, meaning current conditions are below the median of CELO's recent funding history and well removed from crowded extremes.

Open interest totals $4.9M, a relatively small notional base. After a +8.9% surge in the last 24 hours, the market has shed -5.1% of OI over seven days, suggesting the latest positioning gains may be near-term volatility rather than sustained leverage buildup. The liquidation imbalance of +0.00 indicates evenly matched liquidations across both sides, with no directional bias in forced closures.

The leverage risk score of 14 reflects a low-stress environment. Combined with negative funding, modest OI size, and balanced liquidation flow, CELO's derivatives complex appears structurally stable with minimal crowding or fragility in either direction. The recent 24-hour OI expansion warrants monitoring, but the seven-day contraction and short-financing dynamic suggest the market remains cautious and unlevered by historical standards.