XRP Leads Five-Asset Futures Snapshot With 10.9% Annualized Funding
Photo: TokenPost
XRP led a five-asset perpetual-futures snapshot on Oct. 21 with 10.9% annualized funding and the group's largest 24-hour open-interest gain, ranking first on both measures. At 7:05 p.m. ET (23:05 UTC), XRP's funding rate was 0.0100% every eight hours. Its open interest rose 7.60% over 24 hours to $446.7 million. Open interest tracks the dollar value of derivatives contracts that remain active in the market. Funding payments pass between traders holding opposing positions in perpetual futures. When funding is positive, traders with long positions pay those with short positions. All five assets in the snapshot had positive funding.
Source: TokenPost
