RESOLV RESOLV · perps

RESOLV's perpetual-futures market shows a sharp short-side bias with subdued overall leverage. The aggregated funding rate stands at -11.42%, indicating shorts are paying longs to maintain their positions—a sign that short positioning is notably crowded. This negative funding has reached only the 14th percentile over the last 90 days, meaning the current rate is unusually favorable for long traders by historical comparison for this asset.

Open interest sits at $6.2M across exchanges, a modest notional footprint. Over the past 24 hours, OI grew by +3.1%, suggesting modest new leverage entry despite the shorts-heavy environment. The liquidation imbalance of -0.87 over 24 hours reflects heavy short liquidations, reinforcing the tension between accumulated short positions and price resilience.

The leverage risk score of 26 indicates low fragility relative to the instrument's typical extremes. Combined with small absolute open interest and the historical rarity of the current funding stretch, RESOLV's derivatives market presents limited systemic leverage risk. However, the persistence of deep negative funding and strong short-liquidation activity suggests shorts remain positioned for a directional move, though the funding pain may moderate fresh entries at these levels.