XRP Leads Five-Asset Open Interest Gains With a 12.55% Rise

XRP open interest rose 12.55% to $440.1 million over 24 hours, the biggest increase among five crypto perpetual-futures markets in a snapshot taken at 6:01 p.m. ET Nov. 3.

Long accounts made up 69.8% of XRP accounts, compared with 30.2% short. Its mark price was $1.28. The five-asset reading follows an earlier snapshot that also tracked open interest and funding rates.

Bitcoin (BTC) had the largest open-interest total at $7.69 billion, up 1.26% over 24 hours. Its mark price was $77,879, and long accounts represented 70.3% of the total. Ether (ETH) open interest rose 3.10% to $5.44 billion, the second-largest total; its mark price was $2,292, with 69.4% of accounts long.

Solana (SOL) had the highest long-account share, at 75.3%, while its open interest slipped 0.25% to $870.9 million, the only decline in the group. Its mark price was $93.50. Dogecoin (DOGE) open interest gained 1.03% to $202.5 million, with 72.8% of accounts long and a mark price of $0.0756.

All five assets had a funding rate of 0.0100% every eight hours, equivalent to about 10.9% annualized. At a positive funding rate, traders holding long positions pay traders holding short positions. Open interest measures the value of contracts that remain open.