XRP Leads at 8.9% Annualized Funding as Dogecoin Open Interest Climbs 8.49%

XRP had the highest funding rate among five crypto markets in an Oct. 16 perpetual-futures snapshot, while Dogecoin recorded the largest 24-hour increase in open interest. At 7 a.m. ET (11:00 UTC), XRP’s rate was 0.0082% per eight-hour period, equivalent to 8.9% annualized. Dogecoin open interest rose 8.49% to $216.5 million. All five assets had positive funding rates, meaning traders with long positions paid those holding short positions. Long accounts were the majority in every market. The previous five-asset snapshot had XRP and Dogecoin tied at 10.9% annualized. In the Oct. 16 reading, XRP led at 8.9%. Bitcoin (BTC) had a mark price of $82,183 and a funding rate of 0.0036% per eight hours, or 3.9% annualized. Open interest reached $7.76 billion, up 3.73% over 24 hours.

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