Worldcoin WLD · perps

WLD's derivatives market shows modest leverage positioning with limited liquidation pressure. Open interest stands at $130.7M with a small net inflow over the past day of +2.9%, though the seven-day trend shows deleveraging of -5.8%, suggesting recent profit-taking or risk reduction among traders. The aggregated funding rate of 8.40% sits at the 74th percentile of its 90-day range, indicating that long funding is elevated relative to recent norms but not at extremes—longs are paying shorts, a sign of moderate crowding on the bid side rather than acute imbalance.

The liquidation imbalance of +0.07 reflects a slight bias toward long liquidations over the past 24 hours, though the magnitude is minimal and does not signal acute stress. Most significantly, WLD's leverage risk score of 17 is low across the derivatives ecosystem, indicating that positioning remains relatively resilient and the market lacks the fragility typical of highly leveraged or crowded setups. The combination of elevated but not stretched funding, slow deleveraging, and minimal liquidation activity paints a picture of a relatively stable and cautious market posture in WLD perpetuals.