FLOKI FLOKI · perps

FLOKI's derivatives market shows minimal leverage stress and a balanced positioning structure. Open interest stands at $6.7M with consecutive declines of -4.5% over 24 hours and -6.5% over the past week, indicating steady deleveraging across the market. The aggregated funding rate of -2.85% sits at the 36th percentile of its 90-day range, meaning shorts are currently paying longs a modest premium—a condition well below the coin's recent extremes and not indicative of crowded positioning.

The liquidation imbalance of -1.00 over 24 hours reflects an asymmetric closing pattern favoring short positions, consistent with the overall trend of leverage reduction. Most tellingly, FLOKI's leverage risk score of 7 is extremely low, signaling minimal fragility in the derivatives structure. The combination of falling open interest, negative funding, and near-zero risk exposure suggests traders are unwinding positions rather than accumulating leverage, leaving the perpetual market in a relatively benign state.