Dogecoin Leads Open-Interest Declines as Bitcoin Funding Hits 0.0079%

Dogecoin (DOGE) led 24-hour declines in perpetual-futures open interest among five major crypto assets Tuesday, while Bitcoin (BTC) recorded the highest funding rate in the group, pointing to broad repositioning across derivatives markets. DOGE open interest fell 13.69% to $208 million as of 7:04 a.m. ET (11:04 UTC) Oct. 13. Its funding rate was positive at 0.0051% every eight hours, or 5.6% annualized. Accounts were 70.1% long and 29.9% short, and DOGE’s mark price was $0.0834. Bitcoin’s funding rate reached 0.0079% every eight hours, equal to 8.6% annualized. Positive funding means traders holding long positions pay those holding shorts.