XRP’s positive perpetual-futures rate reached 10.9% annualized in an Oct. 21 five-asset snapshot, the highest funding cost for long holders in the group.
At 7:05 p.m. ET (23:05 UTC), XRP’s rate was 0.0100% per eight-hour interval. XRP’s active futures positions were valued at $446.7 million after a 7.60% daily gain, the largest increase in open interest among the five assets.
Positive readings across all five markets meant traders holding long positions owed funding payments to traders holding short positions. Open interest is the aggregate dollar value of derivative positions that remain active.
Bitcoin (BTC) was the only other asset whose open interest increased, rising 5.73% to $8.32 billion. Ether (ETH) open interest slipped 0.02% to $5.61 billion, while Solana (SOL) fell 0.65% to $918.3 million and Dogecoin (DOGE) declined 1.33% to $223.9 million.
Annualized funding rates were 1.5% for Ether, 7.7% for Solana and 6.4% for Dogecoin. Bitcoin’s rate was 0.0008% per eight hours. XRP’s rate was 8.9% in the Oct. 16 snapshot, compared with 10.9% in the latest reading.
