XRP Funding Reaches 10.4% Annualized as Open Interest Falls 6.73%

XRP posted the strongest positive funding rate in a five-asset perpetual futures snapshot Tuesday, Nov. 10, even as its open interest recorded the sharpest 24-hour decline.

At 6:01 p.m. ET, XRP’s funding rate was 0.0095% every eight hours, equivalent to 10.4% annualized. Open interest fell 6.73% to $328.5 million. The mark price was $1.06, and 74.4% of accounts were long, compared with 25.6% short.

Positive funding means traders holding long positions pay those holding short positions. Bitcoin (BTC) and Solana (SOL) also had positive rates, while Ether (ETH) and Dogecoin (DOGE) had negative rates. A Nov. 8 five-asset snapshot also showed XRP leading funding, with Ether posting the largest open-interest decline.

Bitcoin’s funding rate was 0.0073% per eight hours, or 8.0% annualized. Open interest rose 0.42% to $7.36 billion, the only increase among the five assets. Its mark price was $73,615, and the account split was 75.2% long and 24.8% short.

Ether’s rate was -0.0054% per eight hours, or -5.9% annualized. Open interest declined 1.80% to $4.69 billion. Ether’s mark price was $2,045, and 78.1% of accounts were long versus 21.9% short.

Solana’s funding rate was 0.0044% per eight hours, or 4.8% annualized. Open interest dropped 3.85% to $801.6 million. Its mark price was $82.82, with 77.8% of accounts long and 22.1% short.

Dogecoin’s rate was -0.0046% per eight hours, or -5.1% annualized. Open interest fell 3.24% to $162.7 million. Its mark price was $0.0677, and the account split was 71.9% long and 28.1% short.