EigenCloud (prev. EigenLayer) EIGEN · perps

EIGEN's derivatives positioning shows a modest market with mild leverage accumulation and asymmetric liquidation pressure favoring shorts. Open interest stands at $18.6M, having grown +2.5% over the past day and +7.8% over the past week, suggesting gradual leverage buildup into the asset. The aggregated funding rate of 7.46% annualized is elevated relative to the asset's recent history, sitting at the 37th percentile of the past 90 days—a sign that while longs are paying shorts, the positioning is not yet stretched to historical extremes for EIGEN.

The liquidation imbalance of -1.00 indicates a stark skew: all liquidations over the past 24 hours were shorts, with zero long liquidations recorded. This one-sided outcome, combined with the rising open interest, suggests that short positions have become increasingly fragile while leverage among longs continues to grow. The leverage risk score of 9 is low in absolute terms, reflecting the small notional size and light positioning overall. Together, these metrics paint a picture of a market with building long leverage and vulnerable shorts, though the modest open interest limits systemic risk.