XRP Leads Five-Asset Funding Snapshot at 0.0100% Every Eight Hours

XRP posted the highest funding rate among five crypto perpetual-futures markets in a Nov. 12 snapshot, while long accounts outnumbered short accounts in every market.

At 6:05 a.m. ET (11:05 UTC), XRP’s rate was 0.0100% per eight hours, equivalent to 10.9% annualized. Positive funding means long traders pay short traders. XRP open interest was $318.2 million, down 2.29% over 24 hours; long accounts made up 75.1% of the market.

Bitcoin (BTC) had a funding rate of 0.0043% per eight hours, or 4.7% annualized. Its mark price was $73,404, and open interest was $7.27 billion, down 2.44% over 24 hours. Long accounts represented 74.3% of the market.

Ether (ETH) had a rate of 0.0046%, or 5.1% annualized. Its mark price was $2,044, open interest was $4.75 billion, up 0.25%, and long accounts made up 76.7%.

Solana (SOL) recorded a 0.0041% rate, or 4.5% annualized. Its mark price was $82.92, open interest was $802.1 million, down 1.72%, and 77.6% of accounts were long.

Dogecoin (DOGE) had the group’s lowest rate at 0.0023%, or 2.6% annualized. Its mark price was $0.0670, open interest was $165.6 million, down 0.47%, and long accounts represented 71.5%.

The Oct. 23 five-asset snapshot led by XRP also recorded a 0.0100% funding rate per eight hours for XRP.