XRP and Dogecoin Tie at 0.0100% Funding Rate in Five-Asset Snapshot

XRP and Dogecoin had the highest funding rates in a five-asset perpetual-futures snapshot on Oct. 15, while Dogecoin led open-interest growth and Bitcoin had the largest total.

At 7 p.m. ET (23:00 UTC), XRP and Dogecoin each had a funding rate of 0.0100% every eight hours, equivalent to 10.9% annualized. All five assets had positive rates, meaning traders with long positions paid those with short positions. Long accounts outnumbered short accounts for each asset.

The leaders shifted from the Oct. 9 snapshot, when Solana had the highest funding rate, at the same 0.0100% level.

Bitcoin (BTC) had a mark price of $82,362 and a funding rate of 0.0060% every eight hours, or 6.6% annualized. Its open interest rose 2.48% over 24 hours to $7.79 billion, the largest total in the group. Long accounts made up 60.1%, compared with 40.0% short.

Ether (ETH) traded at a $2,453 mark price. Its funding rate was 0.0087% every eight hours, or 9.6% annualized, while open interest fell 2.98% to $5.55 billion. The account split was 72.9% long and 27.2% short.

Solana (SOL) had a mark price of $105.68 and a funding rate of 0.0053% every eight hours, or 5.8% annualized. Open interest gained 3.51% to $962.5 million. Long accounts accounted for 70.5%, while short accounts were 29.5%.

XRP had a mark price of $1.34. Its open interest declined 2.26% to $395.7 million, and the account split was 72.9% long and 27.1% short.

Dogecoin (DOGE) had a mark price of $0.0813. Its open interest climbed 4.94% to $219.1 million, the biggest 24-hour increase among the five assets. Long accounts made up 71.3%, compared with 28.7% short.