Squeeze Insights Lab
All Pairs

FET/USDT

Last updated: 9/15/2026, 3:31:04 AM

LOW RISK

Market calm across metrics

Stress Score (Normalized)
0.1490–1
1.0
Low RiskExtreme

Pulse signals— velocity & rarity composite

What's moving fast right now. Independent from the static stress score.

View timeline →
Pulse score (0–1)
0.432
Higher = inputs are simultaneously rare for this token and changing fast.
OI Δ 24h
+0.3%
OI Δ 7d
-13.6%
OI acceleration
+5.0%
ΔFunding 24h
-0.001%
|Funding| %ile
57
Vol compression
95
Volume spike
0
Perp basis
-0.123%

Stress-score timeline

StressPulse
00.5106-1807-0607-2408-1008-2809-15
2026-06-182026-09-15 · daily snapshots since tracking began

Recent track record

15/40 correct

This pair's high-conviction direction calls over the last 30 days — recorded before the outcome, graded after. Small sample: a recent record, not a statistic.

1d · 8/163d · 5/147d · 2/10
2026-09-141d▼ DN-5.0%
2026-09-131d▼ DN+2.6%
2026-09-121d▼ DN-0.8%
2026-09-123d▼ DN-3.3%
2026-09-111d▼ DN+1.2%
2026-09-113d▼ DN+3.1%
2026-09-101d▼ DN-2.5%
2026-09-103d▼ DN-2.1%
2026-09-091d▼ DN-3.0%
2026-09-093d▼ DN-4.3%

Aggregated Open Interest (All Exchanges)

Total OI
$30.17M
Binance
$23.27M
77.1%
Bybit
0
0.0%
KuCoin
$6.89M
22.9%
Market Cap
$375.41M
Market Cap / Aggregated OI
$375.41M / $30.17M= 12.4443

Risk Signals (Extra)

OI / Volume (24h)
1.089
Level: high
Exchange OI Dominance
binance
Share: 77.1%
Dominance risk

Liquidation history

Long-side 69% of 30d liqstoday: 39th percentile of 90d
$542.2K$496.3K$006-1807-0607-2408-1008-2809-15
Long liqs (above) Short liqs (below)

Positioning summary

Of the ~500 Hyperliquid accounts we track, 3 hold FET: $874.5K long across 1 position and $513.3K short across 2 positions — net $361.3K long. No tracked liquidation level sits within 60% of the $0.15259 Hyperliquid mark. That is the 2026-09-15 20:59 UTC whale sweep; the interactive panel below reloads it on its own.

Interval:

Open Interest

Coinalyze
Latest
$23.27M
ΔOI
-$1.43M

Funding Rate

Coinalyze
Latest
-0.0089%
Points
24
Per-exchange futures data
MetricBinanceBybitKuCoin
Price$0.1623$0.1623
OI (USD)$23.27M$6.89M
OI share77.1%22.9%
OI (tokens)143,394,07442,477,030
Funding rate-0.0094%

A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.

External Data (CoinMarketCap & Coinalyze)

Market Cap
$375.41M
24h Liquidations
$45.30K
Token Symbol
FET
Sources
CMC, Coinalyze

FET sits in the BTC-trackers cohort — the group our direction model routes it through. These perpetuals share that behaviour, so their leverage tends to build and unwind the way FET's does:

Stress score (0–1) and 24h price change, from the same daily sync as this page.

FET perpetuals — common questions

Answered from this pair's current readings, refreshed with the daily sync.

What are FET's current liquidation levels?

Across the exchanges we aggregate, $45.3K of FET positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for FETUSDT is the realised liquidation flow above plus the long/short split in the liquidation-history chart on this page — not a map of where stops sit.

How much open interest does FET have right now?

Aggregated open interest in FET perpetuals is $30.17M: $23.27M on Binance (77%) and $6.89M on KuCoin (23%). That position base is +0.3% over 24 hours and -13.6% over the last week. Open interest is 1.09× the pair's 24-hour volume, so positions are being held rather than churned.

What is FET's funding rate?

Binance settles FETUSDT funding at -0.0094% every 8 hours, which annualises to roughly -10.3%. Funding is negative, so shorts are paying longs — the crowd is leaning short and paying to stay there. At that rate a $10,000 position on the short side pays about $2.83 a day to stay open.

Are whales long or short FET?

Among the ~500 largest Hyperliquid accounts we track, 3 hold positions of $100k or more in FET: $874.5K long across 1 and $513.3K short across 2 — a net $361.3K long. These are real on-chain positions read off Hyperliquid, not a model output — roughly a third of Binance USDT-perps have a Hyperliquid market, and FET is one of them.

Is FET over-leveraged right now?

FET's leverage-stress score is 0.149 out of 1.0, which we band as low risk. It blends three readings: how big the perp book is next to the token itself ($375.41M of market cap against $30.17M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($45.3K in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.

Has FET seen heavy liquidations lately?

Over the last 30 complete days, 69% of the FET notional that got liquidated was long positions and 31% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 39th percentile of the last 90 days, meaning today is about normal for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.

FET/USDT (FETUSDT) perpetual futures shows a leverage-stress score of 0.149 out of 1.0 (low risk), $30.17M in aggregated open interest across Binance, KuCoin, a funding rate of -0.0094% as of Sep 15, 2026. These are diagnostic readings of market conditions, not a trade signal.