Dogecoin Leads Five-Asset Snapshot With 9.3% Annualized Funding

Dogecoin (DOGE) had the highest positive funding rate among five major crypto assets in an Oct. 18 perpetual-futures snapshot, while XRP led the group in 24-hour open-interest growth.

At 7 p.m. ET (23:00 UTC), DOGE's rate was 0.0085% per eight hours, or 9.3% annualized. Ether (ETH) was at 0.0049% per period, or 5.4% annualized, followed by Bitcoin (BTC) at 0.0031%, or 3.4% annualized. In perpetual futures, traders with long positions pay those with short positions when funding is positive; when it is negative, payment goes the other way.

Solana (SOL) registered a negative rate of 0.0014% per eight hours. XRP's rate was -0.0064% per period, or -7.0% annualized, the lowest in the group.

XRP open interest, which tracks the value of derivative positions still open, rose 3.31% to $405.1 million. Dogecoin open interest gained 1.49% to $211.5 million, Ether rose 0.67% to $5.45 billion, and Solana gained 1.77% to $910.8 million. Bitcoin open interest fell 0.62% to $7.63 billion.

In the Oct. 16 market snapshot, XRP had led annualized funding at 8.9%, while Dogecoin open interest had risen 8.49%.