MultiversX EGLD · perps

EGLD's perpetual-futures market shows mounting long exposure paired with acute short-side stress. The aggregated funding rate stands at 10.95%, reflecting significant crowding among long positions, and this rate sits at the 100 percentile of its ninety-day range—indicating funding has reached its most extreme level in recent history. Open interest totals $6.8M, with notable acceleration over the past week: a +16.6% increase in seven-day open interest coupled with a +1.1% gain over the last twenty-four hours signals aggressive leverage accumulation despite the stretched funding environment.

The liquidation imbalance of -0.99 over twenty-four hours reveals severe directional stress, with shorts being liquidated at nearly one-to-one intensity against any long liquidations. This pattern—extreme long funding, record-high funding percentile, rising open interest, and heavy short liquidation—points to a brittle long-dominated structure that depends on continued price support. The leverage risk score of 41 sits in the moderate band, suggesting the aggregate positioning is not yet at critical fragility by composite standards, though the velocity of leverage buildup and the skewed liquidation flow present asymmetric tail risk to the downside if momentum stalls.