XRP Posts Steepest Open Interest Drop in Five-Coin Snapshot

A five-asset perpetual-futures snapshot at 7 p.m. ET Oct. 30 (23:00 UTC) put XRP at the top of open-interest declines, with outstanding contract value down 12.31% in 24 hours to $329.1 million. Bitcoin (BTC) had the highest positive funding rate, while long accounts outnumbered short accounts for every asset in the group. TokenPost has covered an earlier five-asset funding snapshot.

Open interest tracks the value of positions that remain open in derivatives markets. Funding rates reflect payments between traders with long and short positions; account shares show the percentage of accounts on each side. The measures describe different parts of the markets.

Bitcoin had a mark price of $76,893 and the largest open-interest total, at $7.35 billion, down 0.24% over 24 hours. Its funding rate was 0.0100% every eight hours, equivalent to 10.9% annualized. Long accounts made up 73.4% of the total, compared with 26.6% short.

Ether (ETH) was marked at $2,234, with $5.24 billion in open interest, down 0.24% over 24 hours. Its funding rate was negative 0.0176% per eight hours, or negative 19.3% annualized. Long accounts represented 74.3%, while short accounts made up 25.7%.

Solana (SOL) had a mark price of $95.81 and $841.7 million in open interest, a 1.13% decline over 24 hours. Funding was negative 0.0097% every eight hours, equivalent to negative 10.6% annualized. Long accounts accounted for 76.1%, and short accounts 23.9%.

XRP’s mark price was $1.25. Its funding rate was 0.0033% per eight hours, or 3.6% annualized. Long accounts made up 71.8%, compared with 28.2% short.

Dogecoin (DOGE) was marked at $0.0756, with $188.1 million in open interest, down 5.28% over 24 hours. Its funding rate was 0.0030% every eight hours, equivalent to 3.2% annualized. Long accounts represented 70.3%, while short accounts made up 29.7%.