A Nov. 8 comparison of five crypto perpetual-futures markets showed open interest rising only for Dogecoin, while XRP carried the highest funding rate among the group.
At 6:01 a.m. ET (11:01 UTC) Sunday, Dogecoin (DOGE) open interest stood at $180.5 million, a 0.47% increase over the previous 24 hours. The other four totals fell. Bitcoin (BTC), the largest by open-interest value, was at $7.28 billion after a 0.04% dip. Ether (ETH) decreased 0.52% to $5.31 billion, Solana (SOL) slipped 0.43% to $838.7 million, and XRP eased 0.54% to $389.4 million.
Open interest counts the dollar value of futures contracts that remain active. A higher or lower total reflects a change in outstanding contract value, but it does not by itself show whether traders expect prices to rise or fall.
XRP's funding rate measured 0.0085% per eight-hour interval, slightly ahead of Dogecoin at 0.0084%. Bitcoin's rate was 0.0049%, Ether's 0.0065% and Solana's 0.0072%. All five funding rates were above zero, with payments flowing from long positions to short positions. Annualized equivalents were 5.4% for BTC, 7.1% for ETH, 7.9% for SOL, 9.2% for DOGE and 9.3% for XRP.
Most accounts were positioned on the long side in each market. That share was 78.4% for Solana, 77.8% for Ether and 75.6% for Bitcoin; XRP and Dogecoin each recorded 73.7%. On the short side, the reported shares were 21.6% for SOL, 22.2% for ETH, 24.4% for BTC, 26.3% for XRP and 26.4% for DOGE.
The Nov. 2 EconoTimes five-asset futures snapshot also showed a Dogecoin increase, with open interest up 2.43% over 24 hours.
