Quantority
Pearl PRL · perps
Price · 1h
PRL across exchanges
| Exchange | Funding APR | Open interest | OI share |
|---|---|---|---|
B Binance | +10.95% | $2.52M | 50% |
B Bybit | +10.95% | $1.34M | 27% |
B Bitget | +10.95% | $1.15M | 23% |
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
PRL's derivatives market shows modest positioning with a leverage risk score of 11, indicating minimal structural fragility. Open interest stands at $4.9M, with a 24-hour decline of -1.5% offset by flat weekly activity at +0.0%, suggesting traders are neither aggressively building nor unwinding leverage at present.
The aggregated funding rate of 10.95% sits at the 66th percentile over the past 90 days, reflecting a moderately bullish bias among long positions relative to recent history, though not at extreme levels. This premium compensates shorts for their role in the market and implies some crowding on the long side, but the funding percentile positioning suggests such crowding is within typical variance rather than at unsustainable extremes.
Liquidation imbalance registered at +0.00 over 24 hours, indicating balanced two-sided liquidations with no directional bias. The combination of low leverage risk, stable open interest, and moderate funding conditions points to a relatively balanced market structure for PRL, with neither acute leverage vulnerability nor signs of imminent distress.