KGeN KGEN · perps

KGEN's perpetual-futures positioning presents a measured profile with modest structural imbalance. The aggregated funding rate stands at 9.48% annualized, indicating that longs are paying shorts—a sign of long-side crowding—yet this rate sits at the 21st percentile over the last ninety days, meaning current conditions are substantially below the coin's recent norm. The open interest remains lightweight at $5.5M, with a slight uptick of +0.2% over twenty-four hours set against a broader seven-day pullback of −6.0%, suggesting recent position reduction on a wider timeframe despite minimal near-term accumulation.

The liquidation imbalance of +0.00 reveals perfect symmetry in twenty-four-hour liquidations between long and short sides, indicating no directional cascade risk in the immediate term. The leverage risk score of 21 is low, reflecting minimal fragility in the overall positioning structure. Taken together, KGEN exhibits light leverage, subdued funding relative to its recent history, and balanced liquidation mechanics—characteristics consistent with a calm, de-leveraging market for the asset.