Ethereum Classic ETC · perps

ETC's derivatives market shows modest positioning with a leverage risk score of 4, indicating a relatively low-stress environment on chain. Open interest stands at $35.0M, having declined 3.1% over the past 24 hours and 2.2% over the past week, suggesting a period of modest deleveraging rather than accumulation of new positions.

The funding rate environment reflects a slight long bias, with an aggregated funding APR of 5.78% sitting at a funding percentile of 57 over the past 90 days. This positioning is neither stretched nor compressed relative to recent history—longs are paying shorts at a moderate pace that falls squarely within normal ranges. The liquidation imbalance of -1.00 over 24 hours indicates that all tracked liquidations were short positions, though the small absolute size of the market limits the significance of any single-day liquidation data point.

Overall, ETC's perpetual market exhibits balanced conditions with gentle deleveraging. The combination of low leverage risk, declining open interest, and middling funding rates suggests neither panic nor euphoric accumulation is currently driving the derivatives complex.