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

A snapshot of five crypto perpetual-futures markets at 7 a.m. ET (11:00 UTC) Sunday, Oct. 18, put Bitcoin at the top for funding, while long accounts outnumbered short accounts for every asset in the group.

Bitcoin (BTC) had a funding rate of 0.0100% every eight hours, equivalent to 10.9% annualized, the highest among the five assets. Positive funding means traders holding long positions pay those holding short positions. Bitcoin open interest rose 1.01% over 24 hours to $7.76 billion, and long accounts represented 62.5%, compared with 37.5% short.

Ether (ETH) had a mark price of $2,417 and a funding rate of 0.0038% every eight hours, or 4.2% annualized. Its open interest increased 0.28% to $5.54 billion. Long accounts accounted for 74.6%, while short accounts made up 25.4%.

Solana (SOL) was at $103.89, with a funding rate of 0.0043% every eight hours, equivalent to 4.7% annualized. Open interest fell 1.28% to $917.6 million. Long accounts represented 71.3%, against 28.7% short.

XRP had a mark price of $1.30 and a funding rate of 0.0034% every eight hours, or 3.8% annualized. Its open interest declined 1.05% to $399.3 million. Long accounts made up 74.1%, compared with 25.9% short.

Dogecoin (DOGE) recorded the lowest funding rate in the group, at 0.0016% every eight hours, or 1.8% annualized. Its mark price was $0.0793, and open interest dropped 1.57% to $212.9 million. Long accounts represented 71.4%, while short accounts made up 28.6%.

Bitcoin's 0.0100% rate matched the reading in the Oct. 16 Bitcoin funding snapshot. Its open interest was $7.74 billion in that earlier snapshot, and long accounts then represented 63.3% of accounts. The Oct. 18 reading showed slightly higher open interest and a smaller long-account share.