Quantority
Stellar XLM · perps
Price · 1h
XLM across exchanges
| Exchange | Funding APR | Open interest | OI share |
|---|---|---|---|
B Binance | -6.14% | $39.52M | 58% |
B Bitget | -2.85% | $17.62M | 26% |
O OKX | +1.84% | $10.55M | 16% |
Funding annualized per venue interval; open interest is the latest reading per exchange. No fresh per-venue reading from Bybit right now — the cross-exchange totals above still include every venue's last data.
Interpretation
XLM's derivatives positioning shows modest deleveraging across multiple timeframes. Open interest has contracted 1.7% over the past day and 9.7% over the past week, with the overall notional size at $67.2M. This reduction in leverage is reinforced by a liquidation imbalance of -0.56, indicating that shorts have been cleared out more aggressively than longs, a pattern typical of declining volatility or gentle price moves that disfavor crowded short positions.
The funding environment reflects a slight short bias. The aggregated funding rate stands at -1.60%, meaning shorts are paying longs—a modest premium that suggests balanced positioning with no extreme crowding in either direction. At a funding percentile of 36 over the last ninety days, current rates are well below recent highs, indicating that funding conditions are relatively benign compared to XLM's own history.
Risk metrics are calm. The leverage risk score of 7 is low, consistent with the deleveraging trend and absence of stretched funding levels. Together, the data portrait a market where traders are gradually unwinding positions and leverage remains contained, with neither longs nor shorts facing acute liquidation pressure.