Binance XRP funding rate hits 1-year high, signaling overheated futures market

Crypto analyst Darkfost said on X that the 30-day cumulative funding rate for Binance XRP perpetual futures has risen to 0.18%, the highest level in more than a year. The last time it reached that level was in October 2025. Darkfost said extreme funding rates have often coincided with price tops or bottoms in the past. Although XRP has already undergone a 30% correction, bullish sentiment remains intact in Binance’s futures market. In XRP spot ETFs, 9.37 million XRP ($10.4 million) posted net outflows, pointing to a divergence from the derivatives market. Darkfost said cumulative funding rates and ETF fund flows should be considered together when assessing entry timing.