Manta Network MANTA · perps

MANTA's derivatives positioning reflects a modest, relatively balanced market structure with minimal near-term liquidation pressure. Open interest stands at $10.4M, with a slight uptick of +3.9% over the past day following a broader seven-day contraction of -7.1%. The negative aggregated funding rate of -2.14% indicates that shorts are currently paying longs, a pattern consistent with positioning that favors bearish sentiment or has not yet grown crowded enough to reverse the dynamic.

The funding percentile of 8 places today's rate at the lower extreme of MANTA's recent 90-day range, suggesting shorts are paying at historically compressed levels relative to the coin's own recent behavior. This positioning—combined with the liquidation imbalance of +0.00, which shows no directional bias in either long or short liquidations over 24 hours—points to a market in relative equilibrium. The leverage risk score of 39 further underscores that systemic fragility in the derivatives market for MANTA remains moderate and well below concerning thresholds. Together, these metrics indicate a calm market with limited leverage crowding and symmetric risk distribution between directional bets.