Ethereum Funding Rate Snapshot
Coinglass data reveals that Ethereum’s global 8-hour average funding rate is currently -0.0003%, indicating a near-neutral market sentiment. Below is the breakdown across major exchanges:
- Binance: 0.0005% (positive, slight long bias)
- OKX: -0.0014% (negative, short advantage)
- Bybit: 0.0029% (positive, stronger long sentiment)
- Gate: -0.0038% (negative, notable short bias)
Funding rate, a key metric for perpetual contracts, reflects the relative cost between long and short positions. The current divergence across exchanges signals a lack of consensus among traders, warranting caution for short-term volatility. (Data source: Coinglass, link below.)
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.