In an Oct. 19 snapshot at 7 a.m. ET (11:00 UTC), Bitcoin (BTC) had the highest funding rate among five crypto perpetual-futures markets; XRP led open-interest growth, up 4.01% to $415.3 million.
All five rates were positive, so long-position holders paid traders on the short side. Per-eight-hour rates ranged from 0.0015% for XRP to 0.0100% for Bitcoin, with Ether (ETH) at 0.0074%, Dogecoin (DOGE) at 0.0093% and Solana (SOL) at 0.0098%. Annualized equivalents were 1.6% for XRP, 8.1% for Ether, 10.2% for Dogecoin, 10.8% for Solana and 10.9% for Bitcoin.
Outside XRP, Solana recorded the next-largest open-interest increase, up 3.29% to $947.3 million. Bitcoin’s total rose 1.36% to $7.86 billion, and Ether’s gained 0.82% to $5.58 billion. Dogecoin ended at $210.8 million in open interest after a 1.01% decline. Open interest measures the value of futures positions that remain open.
Long accounts made up 58.4% of Bitcoin accounts and 73.8% of XRP accounts, the low and high ends of the group. The shares were 72.3% for Ether, 69.5% for Solana and 71.3% for Dogecoin. Short-account shares were 41.6% for Bitcoin, 27.7% for Ether, 30.4% for Solana, 28.7% for Dogecoin and 26.2% for XRP. Account shares count accounts by position, while open interest tracks outstanding positions; the figures describe different aspects of each market.
Mark prices in the snapshot were $82,326 for Bitcoin, $2,422 for Ether, $104.79 for Solana, $0.0791 for Dogecoin and $1.30 for XRP.
EconoTimes’ Oct. 17 five-market snapshot showed 24-hour open-interest declines across all five assets, with Solana’s 6.59% drop the steepest. Bitcoin’s funding rate matched the Oct. 18 reading, while its open interest was $7.76 billion then, compared with $7.86 billion on Oct. 19.
