Bitcoin Leads Five-Asset Futures Snapshot With $7.33 Billion Open Interest

Bitcoin (BTC) had $7.33 billion in open interest in a five-asset perpetual-futures snapshot at 6:01 p.m. ET Nov. 6, the largest balance among the markets tracked. Open interest is the value of derivatives contracts that traders have yet to close. Funding is a recurring payment between traders in perpetual futures; a positive rate means traders with long positions pay those with short positions. The previous five-asset open-interest snapshot provides an earlier reading. Bitcoin's mark price was $75,854, and its open interest rose 1.96% over 24 hours. Long accounts made up 75.7% of the market, compared with 24.3% short. Its funding rate was 0.0100% every eight hours, equivalent to 10.9% annualized. Ether (ETH) had $5.33 billion in open interest, up 2.32% over 24 hours, and a mark price of $2,236.

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