Key Takeaways
- • Ether was the only major cryptocurrency among five tracked assets with a negative perpetual-futures funding rate on October 23, at -0.0002% every eight hours, or roughly -0.3% annualized, meaning short sellers pay long holders.
- • XRP posted the highest positive funding rate at 0.0100% every eight hours (about 10.9% annualized), while Bitcoin carried the largest open interest at $7.75 billion with a funding rate of 0.0062% every eight hours.
- • Open interest rose for Bitcoin and Ether but declined for XRP, Solana, and Dogecoin, signaling shifting derivatives positioning.
- • Bitcoin traded at Rp1.455.133.929 on Pluang, down 0.89% as of October 24, 2026 at 08:21 WIB, with XRP down 1.43% and 77% of its orders on the sell side.
Summary
On October 23, Ether was the only major cryptocurrency among the five tracked by Pluang to carry a negative perpetual-futures funding rate, according to the publisher's data. The rate stood at -0.0002% every eight hours, or about -0.3% annualized, meaning short sellers were paying long holders to maintain their positions. The negative reading contrasts with the broader market, where funding rates were positive for the other assets tracked.
XRP recorded the highest positive funding rate in the group at 0.0100% every eight hours, equivalent to roughly 10.9% annualized. Bitcoin showed the largest open interest of the five assets, at $7.75 billion, with a positive funding rate of 0.0062% every eight hours. Open interest rose for Bitcoin and Ether over the period but declined for XRP, Solana, and Dogecoin, reflecting shifting trader positions across these derivatives markets.
Spot prices on Pluang showed modest weakness as of October 24, 2026 at 08:21 WIB. Bitcoin traded at Rp1.455.133.929, down 0.89%. XRP was priced at Rp23.284, down 1.43%, with 77% of orders on the sell side. Solana and Dogecoin also posted slight declines, trading at Rp1.853.401 and Rp1.420 respectively.
Related coverage in the same feed noted that crypto markets have struggled to sustain a broad rally amid limited liquidity and economic uncertainty, despite regulatory progress. Separately, a commentator cited Bitcoin's strength and improved social sentiment as supportive factors, though liquidity constraints remain a limiting force.
XRP recorded the highest positive funding rate in the group at 0.0100% every eight hours, equivalent to roughly 10.9% annualized. Bitcoin showed the largest open interest of the five assets, at $7.75 billion, with a positive funding rate of 0.0062% every eight hours. Open interest rose for Bitcoin and Ether over the period but declined for XRP, Solana, and Dogecoin, reflecting shifting trader positions across these derivatives markets.
Spot prices on Pluang showed modest weakness as of October 24, 2026 at 08:21 WIB. Bitcoin traded at Rp1.455.133.929, down 0.89%. XRP was priced at Rp23.284, down 1.43%, with 77% of orders on the sell side. Solana and Dogecoin also posted slight declines, trading at Rp1.853.401 and Rp1.420 respectively.
Related coverage in the same feed noted that crypto markets have struggled to sustain a broad rally amid limited liquidity and economic uncertainty, despite regulatory progress. Separately, a commentator cited Bitcoin's strength and improved social sentiment as supportive factors, though liquidity constraints remain a limiting force.
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