XRP Leads Five-Asset Futures Snapshot With 10.9% Annualized Funding

XRP led a five-asset perpetual-futures snapshot on Oct. 21 with 10.9% annualized funding and the group's largest 24-hour open-interest gain, ranking first on both measures.

At 7:05 p.m. ET (23:05 UTC), XRP's funding rate was 0.0100% every eight hours. Its open interest rose 7.60% over 24 hours to $446.7 million. Open interest tracks the dollar value of derivatives contracts that remain active in the market.

Funding payments pass between traders holding opposing positions in perpetual futures. When funding is positive, traders with long positions pay those with short positions. All five assets in the snapshot had positive funding.

XRP's annualized funding rate was 8.9% in the Oct. 16 five-asset snapshot. The latest reading put it at 10.9%.

Bitcoin (BTC) was the only other asset with higher open interest over the 24-hour period, rising 5.73% to $8.32 billion. Its funding rate was 0.0008% every eight hours. The mark price was $84,275, and long accounts made up 50.4% of accounts, compared with 49.6% short.

Ether (ETH) had a mark price of $2,478 and $5.61 billion in open interest, down 0.02%. Its funding rate was 0.0014% every eight hours, or 1.5% annualized. Long accounts represented 69.5%, while short accounts made up 30.5%.

Solana (SOL) funding was 0.0070% every eight hours, equivalent to 7.7% annualized. Open interest fell 0.65% to $918.3 million. Its mark price was $107.18, with 70.0% of accounts long and 30.0% short.

Dogecoin (DOGE) had the group's largest long-account share, at 72.2%, against 27.8% short. Its funding rate was 0.0058% every eight hours, or 6.4% annualized. Open interest declined 1.33% to $223.9 million, and its mark price was $0.0820.