Squeeze Insights Lab
All Pairs

PLAY/USDT

Last updated: 11/2/2026, 5:47:39 AM

MEDIUM RISK

Moderate leverage or liquidation pressure

Stress Score (Normalized)
0.2510–1
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)
0.416
Higher = inputs are simultaneously rare for this token and changing fast.
OI Δ 24h
+0.2%
OI Δ 7d
-20.4%
OI acceleration
+3.4%
ΔFunding 24h
+0.000%
|Funding| %ile
57
Vol compression
95
Volume spike
0
Perp basis
—

Stress-score timeline

StressPulse
00.5108-0508-2309-0909-2710-1511-02
2026-08-05 → 2026-11-02 · daily snapshots since tracking began

Aggregated Open Interest (All Exchanges)

Total OI
$3.25M
Binance
$3.25M
100.0%
Bybit
0
0.0%
KuCoin
0
0.0%
Market Cap
$9.79M
Market Cap / Aggregated OI
$9.79M / $3.25M= 3.0093

Risk Signals (Extra)

OI / Volume (24h)
2.514
Level: high
Exchange OI Dominance
binance
Share: 100.0%
Dominance risk

Liquidation history

Long-side 96% of 30d liqstoday: 37th percentile of 90d
$113.2K$117.8K$008-0508-2309-1009-2710-1511-02
Long liqs (above) Short liqs (below)

Positioning summary

Binance's top traders by position size are 52.2% long and 47.8% short in PLAYUSDT, a long/short ratio of 1.09. All accounts on the venue sit at 78.0% long, so the largest positions are leaning against the crowd. PLAY has no Hyperliquid whale book, so these venue-wide ratios stand in for it; the interactive panel below reloads them on its own.

Interval:

Open Interest

Coinalyze
Latest
$3.25M
ΔOI
-$82.98K

Funding Rate

Coinalyze
Latest
0.0050%
Points
24
Per-exchange futures data
▾
MetricBinanceBybitKuCoin
Price$0.01434——
OI (USD)$3.25M——
OI share100.0%——
OI (tokens)226,783,253——
Funding rate0.0050%——

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

External Data (CoinMarketCap & Coinalyze)

Market Cap
$9.79M
24h Liquidations
$2.56K
Token Symbol
PLAY
Sources
CMC, Coinalyze

PLAY sits in the degen names cohort. These perpetuals trade alike, so their leverage tends to build and unwind the way PLAY's does:

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

PLAY perpetuals — common questions

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

What are PLAY's current liquidation levels?

Across the exchanges we aggregate, $2.6K of PLAY positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for PLAYUSDT 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 PLAY have right now?

Aggregated open interest in PLAY perpetuals is $3.25M: $3.25M on Binance (100%). That position base is +0.2% over 24 hours and -20.4% over the last week. Open interest is 2.51× the pair's 24-hour volume, so positions are being held rather than churned.

What is PLAY's funding rate?

Binance settles PLAYUSDT funding at 0.0050% every 8 hours, which annualises to roughly 5.5%. Funding is positive, so longs are paying shorts to keep the trade on — the crowd is leaning long and carrying a cost to do it. At that rate a $10,000 position on the long side pays about $1.50 a day to stay open.

Is PLAY over-leveraged right now?

PLAY's leverage-stress score is 0.251 out of 1.0, which we band as medium risk. It blends three readings: how big the perp book is next to the token itself ($9.79M of market cap against $3.25M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($2.6K 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 PLAY seen heavy liquidations lately?

Over the last 30 complete days, 96% of the PLAY notional that got liquidated was long positions and 4% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 37th 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.

Is PLAY's positioning changing quickly?

PLAY's pulse score is 0.290 out of 1.0 — a measure of how unusual its current open-interest, funding and volatility moves are against its own 90-day history, kept deliberately separate from the stress score. The readings behind it right now: open interest +0.2% in a day and an unusually tight trading range. At this level nothing unusual is happening yet.

PLAY/USDT (PLAYUSDT) perpetual futures shows a leverage-stress score of 0.251 out of 1.0 (medium risk), $3.25M in aggregated open interest across Binance, a funding rate of 0.0050% as of Nov 2, 2026. These are diagnostic readings of market conditions, not a trade signal.