The five-market reading at 7 p.m. ET (23:00 UTC) Oct. 16 put Bitcoin (BTC) at the top, with a 10.9% annualized funding rate; XRP alone was negative.
Bitcoin’s rate was 0.0100% per eight-hour interval; under a positive reading, the charge falls on long positions and goes to short positions. With a mark price of $81,769, Bitcoin’s open-interest total was $7.74 billion, 0.62% below the prior day’s level. Long traders represented 63.3% of Bitcoin accounts; short traders made up the remaining 36.7%.
Ether (ETH) recorded a rate of 0.0044% per eight hours, or 4.8% annualized, at a mark price of $2,425. Its open interest stood at $5.45 billion after a 1.54% 24-hour decline. Ether accounts were 74.2% long. Solana (SOL), marked at $104.39, had a rate of 0.0003% per eight hours, equal to 0.4% annualized. Solana’s open interest was $958.1 million, down 0.46%, and 71.7% of accounts were long.
Dogecoin (DOGE) was marked at $0.0810 and had a rate of 0.0004% per eight hours, or 0.4% annualized. Open interest was $210.7 million after falling 3.82%, the sharpest percentage decline among the five assets. The account mix was 71.8% long.
XRP’s mark price was $1.31. Its rate was -0.0055% per eight hours, equivalent to -6.0% annualized, while open interest climbed 0.84% to $399 million. Long accounts represented 74.8% of the XRP split, and short accounts 25.2%.
XRP and Bitcoin were at 8.9% and 3.9%, respectively, in the earlier Friday reading.
