Squeeze Insights Lab
All Pairs

SLX/USDT

Last updated: 9/15/2026, 5:28:07 AM

LOW RISK

Market calm across metrics

Stress Score (Normalized)
0.0930–1
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)
0.600
Higher = inputs are simultaneously rare for this token and changing fast.
OI Δ 24h
-1.2%
OI Δ 7d
-22.7%
OI acceleration
-7.9%
ΔFunding 24h
+0.000%
|Funding| %ile
90
Vol compression
95
Volume spike
0
Perp basis

Stress-score timeline

StressPulse
00.5106-1807-0607-2308-1108-2809-15
2026-06-182026-09-15 · daily snapshots since tracking begangaps = days without a valid score

Recent track record

26/40 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 · 11/183d · 9/167d · 6/6
2026-09-141d▼ DN-1.4%
2026-09-131d▼ DN-4.8%
2026-09-121d▼ DN-0.5%
2026-09-123d▼ DN-6.6%
2026-09-111d▼ DN+0.5%
2026-09-113d▼ DN-4.8%
2026-09-101d▼ DN-0.3%
2026-09-103d▼ DN-0.3%
2026-09-091d▼ DN+0.1%
2026-09-093d▼ DN+0.3%

Aggregated Open Interest (All Exchanges)

Total OI
$4.35M
Binance
$2.38M
54.7%
Bybit
$933.80K
21.5%
KuCoin
$1.04M
23.9%
Market Cap
$50.38M
Market Cap / Aggregated OI
$50.38M / $4.35M= 11.5799

Risk Signals (Extra)

OI / Volume (24h)
0.866
Level: medium
Exchange OI Dominance
binance
Share: 54.7%
No dominance risk

Liquidation history

Long-side 90% of 30d liqs
$125.2K$39.3K$008-0708-1508-2308-3009-0709-15
Long liqs (above) Short liqs (below)

Positioning summary

Binance's top traders by position size are 55.4% long and 44.6% short in SLXUSDT, a long/short ratio of 1.24. All accounts on the venue sit at 67.0% long, so the largest positions are leaning against the crowd. SLX 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
$2.38M
ΔOI
+$128.90K

Funding Rate

Coinalyze
Latest
0.0050%
Points
24
Per-exchange futures data
MetricBinanceBybitKuCoin
Price$0.06345$0.06343$0.06345
OI (USD)$2.38M$933.80K$1.04M
OI share54.7%21.5%23.9%
OI (tokens)37,496,38814,712,38416,356,200
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
$50.38M
24h Liquidations
$9.75K
Token Symbol
SLX
Sources
CMC, Coinalyze

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

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

SLX perpetuals — common questions

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

What are SLX's current liquidation levels?

Across the exchanges we aggregate, $9.7K of SLX positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for SLXUSDT 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 SLX have right now?

Aggregated open interest in SLX perpetuals is $4.35M: $2.38M on Binance (55%), $933.8K on Bybit (21%) and $1.04M on KuCoin (24%). That position base is -1.2% over 24 hours and -22.7% over the last week. Open interest is 0.87× the pair's 24-hour volume, so positions are turning over faster than the book itself.

What is SLX's funding rate?

Binance settles SLXUSDT 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 SLX over-leveraged right now?

SLX's leverage-stress score is 0.093 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 ($50.38M of market cap against $4.35M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($9.7K 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 SLX seen heavy liquidations lately?

Over the last 30 complete days, 90% of the SLX notional that got liquidated was long positions and 10% was shorts, so the pain has been mostly on the long side. The mirrored bar chart on this page plots the daily long/short split for the past year.

Is SLX's positioning changing quickly?

SLX's pulse score is 0.400 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 -1.2% in a day and an unusually tight trading range. At this level nothing unusual is happening yet.

SLX/USDT (SLXUSDT) perpetual futures shows a leverage-stress score of 0.093 out of 1.0 (low risk), $4.35M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of 0.0050% as of Sep 15, 2026. These are diagnostic readings of market conditions, not a trade signal.