Ripple perpetual futures reached a 30-day cumulative funding rate of +0.18% on Binance, marking a one-year high while U.S. spot exchange-traded funds recorded $10.4 million in net outflows on a single trading day, according to data cited by tokenpost.kr.
The +0.18% figure covers the trailing 30-day accumulation on Binance rather than a single settlement payment or an annualized yield. This rate indicates that traders holding long positions face rising costs to maintain those contracts against short holders, tokenpost.kr reported based on CryptoQuant insights from analyst Darkfost.
Perpetual futures lack an expiration date, allowing traders to hold positions indefinitely without contract settlement. Funding rates function as a mechanism to tether perpetual contract prices to spot index prices, requiring long or short holders to exchange payments depending on market direction.
Based on the 1,335.34 won exchange rate recorded at the close on Nov. 12 on Investing.com, that withdrawal equals approximately 13.9 billion won.
Darkfost pointed out that prior periods featuring elevated positive funding rates coincided with local price peaks, while sharply negative funding intervals appeared near market bottoms. The analysis relies on historical chart patterns and does not establish a predictive link for current price trajectories.
The two data points measure different mechanisms across mismatched timeframes. Cumulative funding rates capture a 30-day derivative trend on Binance, whereas exchange-traded fund figures reflect a single day of capital movement across U.S. products.
A positive funding rate means long position holders pay a fee to short position holders to keep perpetual contracts aligned with spot prices. This dynamic reflects higher demand and increased holding costs for bullish positions on exchanges like Binance.
U.S. spot exchange-traded funds saw a net outflow of 9.37 million tokens, equating to $10.4 million or roughly 13.9 billion won based on Nov. 12 exchange data.