River RIVER · perps

RIVER's derivatives market shows modest positioning with a leverage risk score of 13, indicating relatively low fragility in current positioning. Open interest stands at $14.8M, with a mixed picture over recent timeframes: a +5.0% increase over 24 hours contrasts with a -7.1% decline over seven days, suggesting some near-term leverage accumulation following a broader week of position reduction.

The aggregated funding rate of 12.52% annualized is notably elevated, placing it at the 43rd percentile of RIVER's 90-day funding history. This moderately positive rate signals that longs are paying shorts, consistent with a long-biased positioning environment, though the 43 percentile reading indicates the current level is not stretched relative to recent norms. The liquidation imbalance of -0.54 over 24 hours shows a meaningful bias toward short liquidations, suggesting that recent price moves have caught leveraged shorts off guard rather than long positions unwinding at scale. Taken together, these metrics point to a lightly leveraged market with long-side pressure, but without extreme crowding or acute fragility.