Bitcoin Leads Five-Asset Futures Snapshot With $7.33 Billion Open Interest

Bitcoin (BTC) had $7.33 billion in open interest in a five-asset perpetual-futures snapshot at 6:01 p.m. ET Nov. 6, the largest balance among the markets tracked.

Open interest is the value of derivatives contracts that traders have yet to close. Funding is a recurring payment between traders in perpetual futures; a positive rate means traders with long positions pay those with short positions. The previous five-asset open-interest snapshot provides an earlier reading.

Bitcoin's mark price was $75,854, and its open interest rose 1.96% over 24 hours. Long accounts made up 75.7% of the market, compared with 24.3% short. Its funding rate was 0.0100% every eight hours, equivalent to 10.9% annualized.

Ether (ETH) had $5.33 billion in open interest, up 2.32% over 24 hours, and a mark price of $2,236. Long accounts represented 79.8%, versus 20.2% short. Its funding rate also was 0.0100% every eight hours, or 10.9% annualized.

Solana (SOL) recorded the largest 24-hour open-interest increase, rising 2.76% to $833.3 million. Its mark price was $89.99, and its funding rate was 0.0097% every eight hours, or 10.6% annualized. Long accounts made up 78.0%.

XRP had the steepest open-interest decline, falling 6.89% to $396.9 million. Its mark price was $1.17, and its funding rate was 0.0060% every eight hours, or 6.5% annualized. Long accounts represented 75.1%.

Dogecoin (DOGE) had $177.5 million in open interest, down 2.78% over 24 hours, and a mark price of $0.0723. Its funding rate was 0.0096% every eight hours, or 10.5% annualized. Long accounts accounted for 71.7%, compared with 28.3% short.