Solana Leads Five-Coin Futures Snapshot With 3.19% Open-Interest Gain

Solana (SOL) had the biggest 24-hour open-interest increase among five crypto perpetual-futures markets in a snapshot taken at 7 a.m. ET Saturday, Oct. 31 (11:00 UTC), while Bitcoin (BTC) held the largest total.

SOL open interest was $834.3 million, up 3.19%. Its mark price was $95.56, and its funding rate was 0.0056% every eight hours, equivalent to 6.1% annualized. Long accounts made up 75.1% of the market, the highest share among the five assets.

Open interest is the aggregate dollar amount tied to futures contracts that have not been closed. Bitcoin had $7.53 billion in open interest, up 1.48%, and a mark price of $77,376. Long accounts represented 72.6%. Its 0.0100% funding rate every eight hours tied XRP for the group’s highest reading and equaled 10.9% annualized. A positive funding rate means traders with long positions pay traders with short positions.

Ether (ETH) had the second-largest open-interest total, at $5.24 billion, up 0.73%. Its mark price was $2,243, and its funding rate was negative 0.0064% every eight hours, or negative 7.0% annualized. Long accounts made up 74.6%.

XRP’s mark price was $1.25. Open interest fell 2.66% to $330.3 million, the only decline among the five markets. Its funding rate was 0.0100% every eight hours, or 10.9% annualized. Long accounts represented 72.9%, and short accounts 27.2%.

Dogecoin (DOGE) had a mark price of $0.0751 and $191.3 million in open interest, up 0.38%. Its funding rate was 0.0034% every eight hours, or 3.7% annualized, and long accounts made up 70.1%. Long accounts were a majority in all five markets, ranging from 70.1% for DOGE to 75.1% for SOL.

The latest reading followed a five-asset futures snapshot on Oct. 27.