Bitcoin Leads Perpetual Futures Open Interest at $6.10 Billion

Bitcoin (BTC) had $6.10 billion in open interest, the largest among the five assets, at 6:02 p.m. ET Sunday, while Ether was the only asset whose open interest rose more than 3% over 24 hours.

Open interest measures the dollar value of derivatives positions that remain active. Bitcoin's total fell 2.16% over 24 hours. Its mark price was $65,339, and its funding rate was -0.0011% every eight hours, or -1.2% annualized. Long accounts represented 75.1% of the total, compared with 24.9% for short accounts.

Ether (ETH) had a mark price of $1,835 and $4.21 billion in open interest, up 3.21%. Its funding rate was -0.0006% per eight-hour period. Long accounts made up 71.7%, while short accounts made up 28.3%.

Solana (SOL) was priced at $72.75, with $645.9 million in open interest, down 0.16%. Funding was 0.0004% every eight hours, or 0.4% annualized. Long accounts represented 77.8%, the highest share among the five assets.

XRP had the lowest funding rate, at -0.0063% every eight hours, equivalent to -6.9% annualized. Its mark price was $0.975, and open interest was $276.4 million, down 1.05%. Long accounts accounted for 72.7%.

Dogecoin (DOGE) recorded the highest positive funding rate at 0.0050% every eight hours, or 5.5% annualized. Its mark price was $0.0597, and open interest was $139.1 million, down 1.99%. Long accounts made up 70.3%.

A negative funding rate is below zero. When funding is positive, long-side traders pay short-side traders. Bitcoin also led an earlier five-asset open-interest snapshot.