ChainOpera AI COAI · perps

COAI's perpetual-futures market shows modest leverage positioning with a constructive short-side bias. Open interest stands at $9.2M, having grown +6.7% over the last 24 hours and +4.8% over seven days, indicating gradual accumulation of derivative positions despite the small absolute size. The aggregated funding rate of 18.77% sits at the 76th percentile of its 90-day range, meaning current borrowing costs are elevated relative to recent history and signal sustained long demand—though not at extreme levels.

The liquidation imbalance of -0.65 over 24 hours reveals that shorts have faced considerably more liquidation pressure than longs, suggesting that even at heightened funding rates, short sellers are the more vulnerable cohort. This dynamic, combined with a leverage risk score of 19, indicates the overall market structure remains relatively stable and fragile positions remain limited. The combination of rising open interest, stretched funding rates, and short-side liquidations points to a market where longs are paying a premium to sustain crowded positioning, but the small notional size and low risk score suggest leverage concentrations are not yet a material systemic concern.