ESPORTS ESPORTS · perps

ESPORTS is trading at an elevated funding rate of 96.42%, positioned at the 76th percentile of its 90-day range—a signal that long positioning remains stretched relative to recent history, though not at extremes. The 96.42% annualized rate reflects persistent demand from buyers willing to pay shorts for leverage, typical of bullish sentiment that may be vulnerable to liquidation if price weakens.

Open interest stands at $11.2M, but both the 24-hour and seven-day trends point toward deleveraging. The -1.2% pullback in the past day is modest, yet the -27.0% weekly decline suggests a more material unwinding of positions. This contraction in notional exposure may reflect profit-taking or trader caution as the funding premium widens.

The leverage risk score of 22 indicates relatively low fragility in the aggregate positioning structure—substantially below the midpoint and suggesting the market is not densely packed with precarious short-term leverage. The liquidation imbalance of +0.00 confirms balanced activity between long and short liquidations over the past 24 hours. Together, these metrics paint a picture of elevated long bias and stretched funding conditions, but without the crowded leverage that would signal acute systemic risk.