POL (ex-MATIC) POL · perps

POL's derivatives market shows modest positioning with active leverage accumulation. Open interest stands at $32.9M, having grown +2.7% over the past 24 hours and +26.4% over the past seven days, indicating traders are steadily building positions despite the small absolute notional size. The aggregated funding rate of 2.99% is positioned at the 40th percentile of the last 90 days, meaning current rates sit slightly below the median of recent history—a neutral signal that suggests neither extreme crowding nor atypical shorts.

The leverage risk score of 4 indicates very low fragility in the positioning structure itself, even as open interest climbs. However, the liquidation imbalance of +0.91 reveals a sharp directional skew: substantially more longs have been liquidated over the 24-hour period than shorts, suggesting recent price weakness has favored short positions and stressed long holders. This combination—rising open interest paired with heavy long liquidations—points to a market where new leverage is entering, but existing longs are being flushed out, creating a mixed sentiment environment typical of consolidation or distribution phases.