Quantority
SPACE ID ID · perps
Price · 1h
ID across exchanges
| Exchange | Funding APR | Open interest | OI share |
|---|---|---|---|
B Binance | -124.48% | $3.70M | 50% |
B Bybit | -69.77% | $2.05M | 28% |
B Bitget | -90.23% | $1.62M | 22% |
Funding annualized per venue interval; open interest is the latest reading per exchange. No fresh per-venue reading from OKX right now — the cross-exchange totals above still include every venue's last data.
Interpretation
ID shows a markedly deleveraged positioning environment with shorts holding a pronounced advantage. The aggregated funding rate of -54.07% indicates shorts are receiving substantial payments from longs, a dynamic that sits at the 38th percentile of the past 90 days—notably below its own recent range, suggesting current short dominance is moderate relative to historical behavior.
Open interest has contracted sharply, declining 9.9% over 24 hours and 49.7% over seven days, reflecting broad position unwinding across the market. With open interest at $7.2M, the overall market is modest in scale, and the liquidation imbalance of +0.00 shows no net directional pressure from forced closes. These conditions combine to produce a leverage risk score of 15, indicating minimal structural fragility—the market is neither crowded nor heavily leveraged in either direction.
The combination of deeply negative funding, heavy deleveraging, and low risk scoring suggests ID's derivatives market is in a state of reduced positioning tension. The absence of extreme leverage or liquidation skew indicates a relatively healthy, if thin, market environment.