XRP funding on Binance reaches a one-year high as ETFs lose $10.4M

Darkfost said in a November 10 assessment that XRP’s 30-day cumulative funding rate on Binance had reached about 0.18%, its highest reading since October 2025. The measure totals funding payments over the previous month; it is distinct from the fee charged at any single settlement. On November 10, a market tracker put Binance’s individual funding rate at about 0.0068% per eight hours, meaning long traders were paying shorts.

Positive funding generally reflects demand for long positions, while negative readings indicate the opposite. Darkfost’s chart showed the cumulative rate falling below negative 0.20% by March 2026, followed by another deeply negative stretch from May to July. The analyst said elevated positive readings have appeared near past XRP price peaks, while negative rates have often coincided with market bottoms. The pattern does not establish that a reversal is imminent.

XRP fell to about $0.70 before rebounding 53% in summer 2026. Funding rates recovered during that rally, with the strongest improvement in sentiment coming after much of the price gain had already occurred. Darkfost cautioned that bullish positioning can become vulnerable when prices move against traders’ expectations.

Spot XRP ETFs, by contrast, recorded about $10.4 million in net withdrawals, equal to 9.37 million XRP. Darkfost described the session as one of the funds’ weakest this year. US spot XRP ETFs had ended a 13-week inflow streak with $1.84 million in net withdrawals during the October 12–16 trading week, but still attracted $18.83 million over October as a whole. XRP recovered toward $1.30 in early November after losing nearly 16% in October; it traded near $1.27 on November 4, after starting the month around $1.25. The first November session saw about $529,510 in ETF withdrawals.