GLW GLW · perps

GLW's derivatives market is characterized by minimal leverage stress and sustained position reduction. The aggregated funding rate stands at 0.00%, indicating perfect equilibrium between long and short funding obligations, while the funding percentile of 26 places current rates well below their 90-day range, suggesting the market is not stretched relative to recent history.

Open interest in GLW totals $9.7M, a relatively modest notional size that has contracted significantly over the near term. The 24-hour decline of -6.0% follows a steeper 7-day pullback of -21.0%, reflecting consistent deleveraging across the market. This liquidation activity has been markedly one-sided, with a liquidation imbalance of -1.00 indicating substantially more short positions were liquidated than longs over the past day, though the broader position reduction suggests traders are unwinding exposure rather than aggressively building new bets.

The leverage risk score of 13 is low, reinforcing that GLW's derivatives positioning lacks the structural fragility seen in highly leveraged or crowded markets. The combination of near-zero funding, declining open interest, and a minimal risk score points to a market in derisking mode with limited acute liquidation hazard.