Squeeze Insights Lab
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SONIC/USDT

Last updated: 11/2/2026, 5:18:15 AM

Unknown

No data available

Stress Score (Normalized)
—0–1
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)
0.375
Higher = inputs are simultaneously rare for this token and changing fast.
OI Δ 24h
-1.5%
OI Δ 7d
+23.0%
OI acceleration
-2.6%
ΔFunding 24h
-0.007%
|Funding| %ile
59
Vol compression
76
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 begangaps = days without a valid score

Aggregated Open Interest (All Exchanges)

Total OI
$2.61M
Binance
$1.18M
45.1%
Bybit
$1.08M
41.4%
KuCoin
$353.34K
13.5%
Market Cap
$7.91M
Market Cap / Aggregated OI
$7.91M / $2.61M= 3.0276

Risk Signals (Extra)

OI / Volume (24h)
4.202
Level: high
Exchange OI Dominance
binance
Share: 45.1%
No dominance risk

Liquidation history

Long-side 96% of 30d liqstoday: 1st percentile of 90d
$12.3K$51.1K$007-2408-1509-0409-2210-1110-31
Long liqs (above) Short liqs (below)

Positioning summary

Binance's top traders by position size are 60.6% long and 39.4% short in SONICUSDT, a long/short ratio of 1.54. All accounts on the venue sit at 71.0% long, so the largest positions are leaning against the crowd. SONIC 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
$1.18M
ΔOI
-$869.54

Funding Rate

Coinalyze
Latest
0.0115%
Points
24
Per-exchange futures data
▾
MetricBinanceBybitKuCoin
Price$0.022$0.02193$0.022
OI (USD)$1.18M$1.08M$353.34K
OI share45.1%41.4%13.5%
OI (tokens)53,618,47149,277,16216,060,935
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
$7.91M
24h Liquidations
0
Token Symbol
SONIC
Sources
CMC, Coinalyze

SONIC sits in the BTC-trackers cohort. These perpetuals trade alike, so their leverage tends to build and unwind the way SONIC's does:

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

SONIC perpetuals — common questions

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

How much open interest does SONIC have right now?

Aggregated open interest in SONIC perpetuals is $2.61M: $1.18M on Binance (45%), $1.08M on Bybit (41%) and $353.3K on KuCoin (14%). That position base is -1.5% over 24 hours and +23.0% over the last week. Open interest is 4.20× the pair's 24-hour volume, so positions are being held rather than churned.

What is SONIC's funding rate?

Binance settles SONICUSDT 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.

Why doesn't SONIC have a leverage-stress score?

The stress score only publishes when all three of its inputs are present — market cap versus open interest, the open-interest swing against funding, and 24-hour liquidation volume — and 24-hour liquidation volume is missing for SONICUSDT. We show no score rather than a score built on a zero. Everything else on this page ($2.61M of open interest, funding, price and positioning) is live and unaffected.

Has SONIC seen heavy liquidations lately?

Over the last 30 complete days, 96% of the SONIC 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 1st 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.

How does SONIC's open interest compare with its market cap?

SONIC carries $7.91M of market cap against $2.61M of perpetual open interest — 3.0 dollars of token value for every dollar of open position. The lower that ratio, the more of the asset is effectively being traded on leverage; below about 5 we treat a pair as crowded, and SONIC at 3.0 sits inside that zone.

Is SONIC's positioning changing quickly?

SONIC's pulse score is 0.244 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 -1.5% in a day and an unusually tight trading range. At this level nothing unusual is happening yet.

SONIC/USDT (SONICUSDT) perpetual futures shows $2.61M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of 0.0050% as of Nov 2, 2026. These are diagnostic readings of market conditions, not a trade signal.