Where leverage is building, which side is paying, and how crowded a trade has become.
High funding with rising open interest describes a crowded trade; it is context, not a signal to take the other side. A venue that could not be read is named as unread and left out of every total.
The board reads the perpetual venues the engine follows; options positioning, spot order books and on-chain flows are different cards, and none of them is summarised here.
A venue that could not answer is named as unread and left out of every total, so each total is a floor over the venues that did answer — never a whole-market figure.
Funding is a cost of holding a position through the next interval. It describes where leverage is crowded; it does not predict which way price resolves.
Open crypto derivatives dashboard →Longs are paying shorts to keep their positions open — the long side is the more crowded one.
Neither on its own. It measures how much leverage is open; direction comes from price and funding.
Because it did not answer. An unread venue is named, never counted as zero.
Each venue's funding is set by its own book and its own interval; the board prints them per venue instead of averaging the difference away.
No. It means shorts are paying longs — a crowding reading, not a direction call.