Bitcoin Leads Five-Coin Snapshot With $7.53 Billion in Open Interest

Open interest rose in four of five crypto perpetual-futures markets in a 7 p.m. ET (23:00 UTC) Oct. 31 snapshot, with Bitcoin holding the group’s largest balance at $7.53 billion. Bitcoin (BTC) open interest increased 2.47% in 24 hours, and its mark price was $77,499. The funding rate was 0.0100% per eight hours, equivalent to 10.9% annualized. Long accounts represented 72.1%, compared with 27.9% short. Positive funding means traders with long positions pay those with short positions. Ether (ETH) had the second-largest open interest at $5.31 billion, up 1.30% over 24 hours. Its mark price was $2,253, and its funding rate was -0.0061% per eight hours, or -6.7% annualized. Long accounts made up 73.7%, compared with 26.4% short.

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