Sun Token SUN · perps

SUN's perpetual-futures market shows modest positioning with $4.9M in open interest and a leverage risk score of 19, indicating low fragility relative to the coin's derivatives ecosystem. The aggregated funding rate stands at -6.77%, placing the market at the 20th percentile over the past ninety days—a bearish signal historically, as negative funding means shorts are paying longs, typically reflecting oversold conditions or weak demand for leverage on the long side. Over the past week, open interest declined 4.1%, but the last twenty-four hours reversed that trend with a 3.4% increase, suggesting modest fresh positioning into what remains a short-biased environment.

The liquidation imbalance of +0.00 indicates no meaningful directional liquidation pressure over the past day, consistent with the low risk score and compressed leverage. The combination of depressed funding at the twentieth percentile, shrinking week-over-week open interest, and minimal risk elevation points to a market where neither side holds an outsized or crowded position. This configuration is typical of lower-volume assets where leverage is restrained and directional conviction remains muted.