XRP Leads Five-Asset Derivatives Snapshot With 20.88% Open-Interest Gain

XRP led a five-asset crypto derivatives snapshot Tuesday with a 20.88% 24-hour open-interest rise, while long accounts outnumbered short accounts in every market tracked.

At 6:01 a.m. ET (11:01 UTC) Nov. 3, XRP open interest stood at $423.8 million, and its mark price was $1.26. The eight-hour funding rate was 0.0100%, equivalent to 10.9% annualized. Long accounts represented 72.2% of the total, compared with 27.8% for short accounts.

Bitcoin (BTC) had a mark price of $77,090 and $7.73 billion in open interest, up 3.65% over 24 hours. Its funding rate matched XRP’s at 0.0100% per eight hours, or 10.9% annualized. Long accounts accounted for 72.9%, while short accounts made up 27.1%.

Ether (ETH) was marked at $2,271, with open interest of $5.34 billion, down 0.69% over the day. Its funding rate was 0.0089% per eight hours, or 9.8% annualized. Long accounts were 71.8% of the total, against 28.2% for short accounts.

Solana (SOL) had a $92.41 mark price and $867.8 million in open interest, a 0.52% decline over 24 hours. Funding was 0.0100% per eight hours, equivalent to 10.9% annualized. Long accounts represented 75.8%, compared with 24.2% short.

Dogecoin (DOGE) had a mark price of $0.0744 and open interest of $204.1 million, up 3.40%. Its eight-hour funding rate was 0.0071%, or 7.8% annualized. Long accounts made up 72.9%, while short accounts were 27.1%.

Open interest is the value of derivatives contracts that have not been closed. In perpetual futures, positive funding means traders with long positions pay those with short positions. A prior five-asset XRP funding snapshot also compared funding and open interest across the group.