Dogecoin Posts 9.3% Annualized Funding Rate in Five-Asset Snapshot

Dogecoin (DOGE) had the highest funding rate among five major crypto assets in a Nov. 11 perpetual-futures snapshot, while open interest fell for four assets and long accounts outnumbered short accounts in all five.

At 6:05 p.m. ET Wednesday (23:05 UTC), funding was positive across all five assets. In perpetual futures, positive funding means traders with long positions pay those with short positions. Open interest, the value of outstanding derivatives contracts, declined over 24 hours for Bitcoin (BTC), DOGE, XRP and Solana (SOL), while Ether (ETH) was the only asset with a gain.

DOGE’s funding rate was 0.0085% every eight hours, equivalent to 9.3% annualized. Its mark price was $0.0676, and open interest fell 0.11% to $162.5 million. Long accounts made up 71.5% of the total, compared with 28.5% for short accounts.

XRP had the next-highest funding rate at 0.0070% every eight hours, or 7.7% annualized. Its mark price was $1.05, and open interest declined 2.78% to $319.4 million. Long accounts represented 75% of the total, while short accounts accounted for 25%.

Ether’s funding rate was 0.0065% every eight hours, or 7.1% annualized. Its mark price was $2,058, and open interest rose 0.76% to $4.69 billion. Long accounts made up 75.9%, compared with 24.1% for short accounts.

Bitcoin had a mark price of $73,953 and a funding rate of 0.0030% every eight hours, or 3.3% annualized. Open interest fell 2.31% to $7.17 billion, and accounts were 71.8% long and 28.2% short.

Solana had the group’s lowest funding rate at 0.0026% every eight hours, or 2.8% annualized. Its mark price was $83.48. Open interest declined 0.87% to $794.6 million, while long accounts made up 77% and short accounts 23%.

A previous five-asset snapshot on Oct. 18 also recorded DOGE funding at 9.3% annualized.