$ERA shorts are paying 4.53% a day.

ERA +10.49%. Shorts pay 4.53% a day, on a one-hour funding interval. Contracts rose 28% in 24h, from 85M to 108M. Retail is 59.3% long, the 14th percentile of its own 30-day range, with all 30 days above 50%. Spot is there and moved 10.02% on 12M USD. Bigger side: longs, retail and top traders. Crowded and paying side: shorts.

Q +33.06%. Funding is flat at 0.03% a day, paid by longs. Contracts fell 48% in 24h, from 609M to 318M. Retail is 30.7% long, the 3rd percentile of its own 30-day range, after 23 of the last 30 days above 50%. No spot pair. Bigger side: shorts on retail, longs on top traders. Empty move, no fuel.

ARIA +26.12%. Longs pay 0.03% a day. Contracts rose 27% in 24h. Retail is 72.3% long and that is the lowest reading in its own 30-day range, with all 30 days above 50%. The book is the thinnest here, 32k USD of bids against 51k USD of asks within 1% of mid. Bigger side: longs, retail and top traders. Crowded and paying side: longs.

AVA +19.35%. Shorts pay 0.15% a day. Contracts rose 82% in 24h, from 10.3M to 18.7M. Retail is 53.2% long, the 55th percentile of its own 30-day range, top traders 50.5%. Spot is there and moved 18.02% on 17M USD. Bigger side: longs, retail and top traders, both narrow. Real move, no crowding.

GTC +10.34%. Shorts pay 2.79% a day. Contracts rose 12% in 24h. Retail is 56.6% long, the 48th percentile of its own 30-day range, after 21 of the last 30 days above 50%. Spot is there and moved 9.26% on 10M USD. Bigger side: longs, retail and top traders. Crowded and paying side: shorts.

Which of these five is on your screen today?

$AVA $GTC #Market_Update