XRP Funding Rate Hits 0.18% on Binance, Highest Level in a Year
Key Takeaways
- •Data from CryptoQuant analyst Darkfost shows the 30-day cumulative funding rate for XRP perpetual futures on Binance reached approximately 0.18%, the highest reading for the asset in more than a year.
- •XRP traded near $1.08 at the time of the report after a correction wiped out roughly 30% of the token's value.
- •A positive funding rate means traders holding long positions pay those holding short positions, a condition generally associated with demand for leveraged long exposure.
- •The combination of a one-year-high funding rate and a steep price decline indicates leveraged long positioning remained in place throughout the correction.
- •Because the figure aggregates a rolling 30-day window, subsequent readings will reveal whether the elevated level persists or eases.
November 10, 2026 — The 30-day cumulative funding rate for XRP perpetual futures listed on Binance has climbed to roughly 0.18%, the highest reading for the asset in more than a year, according to CryptoQuant analyst Darkfost. The increase comes even as XRP trades near $1.08, following a correction that erased about 30% of the token's value.
Funding rates are periodic payments exchanged between traders on opposite sides of perpetual futures contracts — derivative products with no fixed expiry date that are designed to track the spot price of the underlying asset. When the funding rate is positive, holders of long positions pay those holding short positions, a condition generally associated with demand for leveraged long exposure. A 30-day cumulative figure aggregates these payments across a month, offering a smoothed measure of positioning conditions rather than a single point-in-time reading.
Per Darkfost's analysis, the roughly 0.18% cumulative level recorded on the Binance-listed XRP perpetual contract marks a one-year high. The elevated reading stands in contrast to XRP's recent price performance, which has seen the token shed approximately 30% of its value and change hands near $1.08 at the time of the report. That combination — a one-year-high cumulative funding rate alongside a roughly 30% price decline — is consistent with demand for leveraged long exposure persisting through the correction, since positive funding requires long positions to keep paying shorts over the period. Divergences between funding costs and price direction are among the positioning conditions derivatives analysts commonly track, and because this figure aggregates a rolling 30-day window, subsequent readings will show whether the one-year-high level holds or moderates as new funding payments are recorded.
XRP is the native digital asset of the XRP Ledger, an open-source, payment-focused blockchain that launched in 2012 and is closely associated with San Francisco-based payments firm Ripple. The token ranks among the most actively traded cryptocurrencies, with listings across major centralized exchanges, including Binance, one of the world's largest crypto trading platforms by volume.
This content was first published on COINOTAG: https://en.coinotag.com/xrp-funding-rate-0-18-binance-one-year-high
