Squeeze Insights Lab
All Pairs

SLP/USDT

Last updated: 9/15/2026, 4:47:53 AM

LOW RISK

Market calm across metrics

Stress Score (Normalized)
0.0640–1
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)
0.478
Higher = inputs are simultaneously rare for this token and changing fast.
OI Δ 24h
+0.5%
OI Δ 7d
-3.5%
OI acceleration
+0.9%
ΔFunding 24h
-0.010%
|Funding| %ile
97
Vol compression
90
Volume spike
0
Perp basis
-0.409%

Stress-score timeline

StressPulse
00.5106-1807-0607-2408-1008-2809-15
2026-06-182026-09-15 · daily snapshots since tracking begangaps = days without a valid score

Recent track record

17/40 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 · 6/163d · 6/147d · 5/10
2026-09-141d▼ DN-2.6%
2026-09-131d▼ DN+1.8%
2026-09-121d▼ DN+2.5%
2026-09-123d▼ DN+1.7%
2026-09-111d▼ DN+0.4%
2026-09-113d▼ DN+4.7%
2026-09-101d▼ DN-1.9%
2026-09-103d▼ DN+1.0%
2026-09-091d▼ DN-4.0%
2026-09-093d▼ DN-5.5%

Aggregated Open Interest (All Exchanges)

Total OI
$1.15M
Binance
$932.73K
80.9%
Bybit
$219.91K
19.1%
KuCoin
0
0.0%
Market Cap
$22.43M
Market Cap / Aggregated OI
$22.43M / $1.15M= 19.4598

Risk Signals (Extra)

OI / Volume (24h)
2.487
Level: high
Exchange OI Dominance
binance
Share: 80.9%
Dominance risk

Liquidation history

Long-side 71% of 30d liqstoday: 17th percentile of 90d
$51.2K$29.0K$006-1407-0207-2108-0808-2609-14
Long liqs (above) Short liqs (below)

Positioning summary

Binance's top traders by position size are 72.7% long and 27.4% short in SLPUSDT, a long/short ratio of 2.66. All accounts on the venue sit at 75.6% long, so the largest positions are leaning against the crowd. SLP 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
$932.73K
ΔOI
-$37.30K

Funding Rate

Coinalyze
Latest
0.0025%
Points
24
Per-exchange futures data
MetricBinanceBybitKuCoin
Price$0.000632$0.000633
OI (USD)$932.73K$219.91K
OI share80.9%19.1%
OI (tokens)1,474,901,498347,250,580
Funding rate-0.0076%

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

External Data (CoinMarketCap & Coinalyze)

Market Cap
$22.43M
24h Liquidations
$124.29
Token Symbol
SLP
Sources
CMC, Coinalyze

SLP 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 SLP's does:

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

SLP perpetuals — common questions

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

What are SLP's current liquidation levels?

Across the exchanges we aggregate, $124 of SLP positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for SLPUSDT 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 SLP have right now?

Aggregated open interest in SLP perpetuals is $1.15M: $932.7K on Binance (81%) and $219.9K on Bybit (19%). That position base is +0.5% over 24 hours and -3.5% over the last week. Open interest is 2.49× the pair's 24-hour volume, so positions are being held rather than churned.

What is SLP's funding rate?

Binance settles SLPUSDT funding at -0.0076% every 8 hours, which annualises to roughly -8.3%. 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 $2.27 a day to stay open.

Is SLP over-leveraged right now?

SLP's leverage-stress score is 0.064 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 ($22.43M of market cap against $1.15M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($124 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 SLP seen heavy liquidations lately?

Over the last 30 complete days, 71% of the SLP notional that got liquidated was long positions and 29% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 17th percentile of the last 90 days, meaning today is unusually quiet for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.

Is SLP's positioning changing quickly?

SLP's pulse score is 0.285 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 +0.5% in a day and an unusually tight trading range. At this level nothing unusual is happening yet.

SLP/USDT (SLPUSDT) perpetual futures shows a leverage-stress score of 0.064 out of 1.0 (low risk), $1.15M in aggregated open interest across Binance, Bybit, a funding rate of -0.0076% as of Sep 15, 2026. These are diagnostic readings of market conditions, not a trade signal.