Bitcoin Leads Five-Coin Funding Snapshot at 0.0100% Every Eight Hours

A snapshot of five crypto perpetual-futures markets at 7 a.m. ET (11:00 UTC) Sunday, Oct. 18, put Bitcoin at the top for funding, while long accounts outnumbered short accounts for every asset in the group. Bitcoin (BTC) had a funding rate of 0.0100% every eight hours, equivalent to 10.9% annualized, the highest among the five assets. Positive funding means traders holding long positions pay those holding short positions. Bitcoin open interest rose 1.01% over 24 hours to $7.76 billion, and long accounts represented 62.5%, compared with 37.5% short. Ether (ETH) had a mark price of $2,417 and a funding rate of 0.0038% every eight hours, or 4.2% annualized. Its open interest increased 0.28% to $5.54 billion. Long accounts accounted for 74.6%, while short accounts made up 25.4%.

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