Dogecoin Is Only Asset With Rising Open Interest in Five-Market Check

Dogecoin (DOGE) was the only one of five crypto assets to gain open interest in a Nov. 8 perpetual-futures snapshot, while XRP posted the group’s highest eight-hour funding rate.

At 6:01 a.m. ET (11:01 UTC), DOGE open interest stood at $180.5 million, up 0.47% over 24 hours. Its mark price was $0.0709. Funding was 0.0084% every eight hours, equivalent to 9.2% annualized. Long accounts made up 73.7% of accounts, compared with 26.4% short.

XRP’s funding rate was slightly higher at 0.0085% every eight hours, or 9.3% annualized. Its mark price was $1.16, and open interest fell 0.54% to $389.4 million. Long accounts represented 73.7% of accounts, while short accounts accounted for 26.3%.

Funding was positive for all five assets. In perpetual futures, a positive rate means traders holding long positions pay those holding short positions. Open interest measures the value of outstanding futures contracts; it declined over 24 hours for the other four assets in the snapshot.

Bitcoin (BTC) had the largest open-interest total at $7.28 billion, down 0.04% over 24 hours. Its mark price was $75,889. Bitcoin’s funding rate was 0.0049% every eight hours, or 5.4% annualized, and 75.6% of accounts were long, compared with 24.4% short.

Ether (ETH) followed with $5.31 billion in open interest, down 0.52%. Its mark price was $2,236, and funding stood at 0.0065% every eight hours, or 7.1% annualized. Long accounts made up 77.8% of accounts, versus 22.2% short.

Solana (SOL) had $838.7 million in open interest, down 0.43%, and a mark price of $89.21. Its funding rate was 0.0072% every eight hours, or 7.9% annualized. Solana had the group’s highest long-account share at 78.4%, compared with 21.6% short. An earlier XRP open-interest and funding check covered a separate market snapshot.