Epic Chain EPIC · perps

EPIC's derivatives market is showing signs of building long positioning combined with stretched funding conditions. The aggregated funding rate stands at 20.75%, placing it at the 91st percentile over the past ninety days—a notably elevated level that suggests longs are paying substantially above historical norms to maintain their positions. This concentration has emerged despite modest absolute open interest of $11.4M, indicating that leverage intensity rather than raw notional size is driving the sentiment signal.

Open interest has grown consistently, with increases of +5.9% over the past twenty-four hours and +5.0% over the past week. These gains point to continued accumulation of leveraged longs in a market where funding costs are already punitive. The liquidation imbalance of +0.00 shows no asymmetric liquidation pressure in either direction over the last day, suggesting the market has not yet reached acute fragility, though the environment remains tilted toward long positioning.

The leverage risk score of 43 reflects moderate overall fragility in EPIC's derivatives structure. While not in the high-danger zone, the combination of elevated funding percentile with persistent open interest growth and sustained long-biased funding rates warrants monitoring. If funding rates remain stretched and open interest continues to accumulate, the stability of this positioning could deteriorate.