Bitcoin Leads Five-Asset Funding Snapshot at 0.0100% Every Eight Hours

Bitcoin had the highest funding rate among five crypto assets in a perpetual-futures snapshot at 7 p.m. ET Friday (23:00 UTC), Oct. 16, while its open interest declined and long accounts remained dominant.

Bitcoin (BTC) funding was 0.0100% every eight hours, equivalent to 10.9% annualized. Positive funding means traders with long positions pay those with short positions. BTC's mark price was $81,769, and open interest totaled $7.74 billion, down 0.62% over 24 hours. Long accounts made up 63.3%, compared with 36.7% short.

Ether (ETH) had a mark price of $2,425 and a funding rate of 0.0044% every eight hours, or 4.8% annualized. Open interest fell 1.54% to $5.45 billion. Long accounts represented 74.2%, while short accounts made up 25.8%.

Solana (SOL) marked at $104.39, with funding of 0.0003% every eight hours, or 0.4% annualized. Its open interest was $958.1 million, down 0.46%. Long accounts were 71.7% and short accounts 28.3%.

XRP marked at $1.31 and had the only negative funding rate in the group, at -0.0055% every eight hours, or -6.0% annualized. Open interest rose 0.84% to $399 million. Long accounts made up 74.8%, compared with 25.2% short.

Dogecoin (DOGE) had a mark price of $0.0810 and funding of 0.0004% every eight hours, or 0.4% annualized. Open interest fell 3.82% to $210.7 million. Long accounts were 71.8%, while short accounts were 28.2%.

The rates ranged from Bitcoin's 0.0100% to XRP's -0.0055%. In the Thursday, Oct. 15, snapshot, XRP and Dogecoin tied for the highest rate at 0.0100%; XRP was negative in the latest snapshot, while Bitcoin led the group.