BTC 26 Dec 2025 replay

A replay of this market's rates, trades, liquidations, settlements and order books.

Expired

Dec 26, 2025, 12:00 AM

IY range

3.45% to 10.00%

6.55pp fixed-rate path

Funding range

-27.60% to 10.95%

38.55pp exchange funding settlements

Peak / final OI

—

no hourly coverage

Lifetime volume

$137.39M

4,048 trades

All trades

4,048Every trade in this market

All liquidations

4Every liquidation and deleverage

All settlements

881Every exchange funding settlement

Expiry replay

Scrub the market state before settlement

Dec 25, 2025, 11:00 PM

Cursor state

nearest hour

9.77%

Floating

10.95%

Spread

0.132pp

$8.41M

Remaining settlement path

long favored+1.04pp

Liquidity decay

YU depth / APR spread

Book at cursor

Sampled Dec 25, 2025, 11:00 PM (exact)

▾

Replay

Implied APR (%)Size (YU)Total (YU)

Short Rate

10.0700445.28937.85K
10.0600446.16937.40K
10.0500447.05936.96K
10.0400447.94936.51K
10.0300448.84936.06K
10.020029.68K935.61K
10.0100450.63905.93K
10.0000200.45K905.48K
9.9900452.43705.03K
9.9800453.34704.58K
9.9700454.25704.12K
9.9600455.16703.67K
9.9500456.08703.22K
9.9400456.99702.76K
9.9300457.91702.30K
9.9200458.84701.84K
9.9100700.46K701.39K
9.9000925.74925.74

0.010ppSpreadMid9.8950%

Long Rate

9.8900445.34445.34
9.8800461.62906.96
9.8700462.561.37K
9.8600463.501.83K
9.8500464.442.30K
9.8400465.382.76K
9.8300466.323.23K
9.8200467.273.70K
9.8100468.224.16K
9.8000469.184.63K
9.7900470.145.10K
9.7800471.105.58K
9.770029.93K35.50K
9.7600473.0335.98K
9.7500474.0036.45K
9.7400474.9736.93K
9.7300475.9437.40K
9.7200476.9237.88K

Events around cursor

10 events within ±6h

Time	Event	Rate	Size	Link
Dec 25, 2025, 5:00 PM	settlement	10.95%	+1.37pp	LONG
Dec 25, 2025, 6:00 PM	settlement	10.95%	+1.37pp	LONG
Dec 25, 2025, 7:00 PM	settlement	10.95%	+1.37pp	LONG
Dec 25, 2025, 8:00 PM	settlement	10.95%	+1.37pp	LONG
Dec 25, 2025, 9:00 PM	settlement	10.95%	+1.40pp	LONG
Dec 25, 2025, 10:00 PM	settlement	10.95%	+1.40pp	LONG
Dec 25, 2025, 10:56 PM	Trade	9.90%	$490.00K	0xcc4b...f9ad
Dec 25, 2025, 11:00 PM	settlement	10.95%	+1.04pp	LONG
Dec 25, 2025, 11:01 PM	Liquidation	148.25%mark 9.87%	$167.38K	0x7eb8...d0f6
Dec 25, 2025, 11:05 PM	Trade	9.91%	$500.00K	0x972a...86a9

All trades All liquidations All settlements