Open Interest and Funding: A Positioning Snapshot

Third-party derivatives data placed SHELL open interest near $4.24 million around 10 November.

Funding remained mildly positive, reportedly around 0.005–0.01% per funding interval.

Positive funding generally means longs pay shorts. Combined with relatively stable or slightly declining OI, these figures do not indicate extreme positioning by themselves.

They describe market exposure, not a guaranteed direction.

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