Bitcoin Leads Five-Coin Snapshot With $7.53 Billion in Open Interest

Open interest rose in four of five crypto perpetual-futures markets in a 7 p.m. ET (23:00 UTC) Oct. 31 snapshot, with Bitcoin holding the group’s largest balance at $7.53 billion.

Bitcoin (BTC) open interest increased 2.47% in 24 hours, and its mark price was $77,499. The funding rate was 0.0100% per eight hours, equivalent to 10.9% annualized. Long accounts represented 72.1%, compared with 27.9% short. Positive funding means traders with long positions pay those with short positions.

Ether (ETH) had the second-largest open interest at $5.31 billion, up 1.30% over 24 hours. Its mark price was $2,253, and its funding rate was -0.0061% per eight hours, or -6.7% annualized. Long accounts made up 73.7%, compared with 26.4% short.

Solana (SOL) had a mark price of $95.41 and open interest of $840.3 million, down 0.17% in 24 hours. Its funding rate matched BTC at 0.0100% per eight hours, or 10.9% annualized. Long accounts were 75.4%, while short accounts were 24.6%.

XRP’s mark price was $1.25, and open interest totaled $333.6 million after a 1.37% 24-hour increase. Its funding rate also was 0.0100% per eight hours, equivalent to 10.9% annualized. Long accounts accounted for 72.7%, with shorts at 27.3%.

Dogecoin (DOGE) had the smallest open-interest balance among the five at $192.1 million, up 2.14% over 24 hours. Its mark price was $0.0756. Funding was 0.0066% per eight hours, or 7.2% annualized; long accounts were 69.3%, and short accounts were 30.7%.

Open interest tracks the value of contracts that have not been closed, while account percentages show how accounts are distributed between long and short positions. The reading follows an earlier five-coin open-interest snapshot.