Quantority
TAC TAC · perps
Price · 1h
TAC across exchanges
| Exchange | Funding APR | Open interest | OI share |
|---|---|---|---|
B Binance | +10.95% | $3.33M | 66% |
B Bitget | +10.95% | $1.72M | 34% |
Funding annualized per venue interval; open interest is the latest reading per exchange. No fresh per-venue reading from Bybit, OKX right now — the cross-exchange totals above still include every venue's last data.
Interpretation
TAC's derivatives market shows modest positioning with significant recent deleveraging. Open interest stands at $5.5M, down 4.1% over the past day and down 40.3% over the past week, indicating traders are actively closing exposure rather than adding to it. The aggregated funding rate of 10.95% annualized remains moderately elevated, though at the 37th percentile of its 90-day range it reflects neither extreme crowding nor exceptional shorts premium—suggesting the market's bias toward long positions is ordinary rather than stretched by historical standards.
The liquidation imbalance of +0.00 indicates no directional skew in forced closures over the past 24 hours, which paired with the shrinking open interest suggests this deleveraging is occurring without concentrated liquidation stress. The leverage risk score of 17 further confirms that positioning fragility is low. Overall, TAC's derivatives picture presents as relatively stable and lightly leveraged, with traders in a deliberate retreat from positions rather than facing distress liquidations.