Darkfost2026-11-10

XRP funding rates on Binance hit a 1Y high while spot ETFs see $10.4M in net outflows

Funding rates for XRP perpetual futures on Binance have reached their highest level in more than a year. The last time rates were this high was in October 2025, a few months after XRP hit a record of $3.55. The chart shows the rolling 30-day sum of funding rates, a measure that helps track shifts in derivatives market sentiment. Extreme readings in either direction can signal that traders are crowding into the same side of the market. These imbalances often emerge late in a trend and can precede a reversal. Over the period shown, peaks in bullish sentiment coincided with price tops, while the most negative funding readings occurred near market bottoms. That was the case this summer, when XRP rebounded 53% after falling to $0.70. The 30-day funding sum has since recovered to +0.18%, but the shift in sentiment came late in the rebound. XRP has already entered a 30% correction, while positioning in Binance’s XRP derivatives market remains bullish. Meanwhile, spot XRP ETFs recorded one of their worst sessions of the year, with net outflows equivalent to 9.37 million XRP, or $10.4 million. The ETF outflows stand in sharp contrast to the bullish positioning on Binance. XRP’s 30% correction illustrates the risk of maintaining a bullish bias as prices fall. With sentiment liable to shift quickly, cumulative funding rates and ETF flows are both worth monitoring when assessing the timing of a potential entry.