Research & analysis
Where the market is stretched, where leverage is building and where it's starting to unwind — original reporting grounded in live cross-exchange data, not vibes.
+0.01% funding
ERA

SpotlightJul 21, 2026
ERA open interest jumps +443.1% in 24h — fresh leverage is entering
Total ERA open interest now stands at $13.9M. Funding is -1913.21% annualized.
+0.01% funding
ZEC

SpotlightJul 21, 2026
ZEC open interest drops -67.3% in 24h as leverage unwinds
Total ZEC open interest now stands at $137.3M. Funding is 12.57% annualized.
-1.48% funding
LA

SpotlightJul 21, 2026
LA open interest jumps +282.6% in 24h — fresh leverage is entering
Total LA open interest now stands at $12.6M. Funding is -3310.18% annualized.
+0.01% funding
DEXE

SpotlightJul 21, 2026
DEXE open interest drops -15.3% in 24h as leverage unwinds
Total DEXE open interest now stands at $61.3M. Funding is -2971.18% annualized.
+0.01% funding
NIGHT

SpotlightJul 21, 2026
NIGHT open interest jumps +24.6% in 24h — fresh leverage is entering
Total NIGHT open interest now stands at $10.2M. Funding is -72.41% annualized.
+0.01% funding
CRV

SpotlightJul 21, 2026
CRV open interest drops -37.8% in 24h as leverage unwinds
Total CRV open interest now stands at $21.9M. Funding is 10.95% annualized.
+0.01% funding
EPIC

SpotlightJul 21, 2026
EPIC funding hits 31.02% APR as longs crowd the market
Funding sits at the 91st percentile of EPIC's own 90-day range, with $14.0M of open interest at stake.