ETH 8-Hour Average Funding Rate Drops to -0.0004%, Negative Across Major Exchanges

News Editor

2026-06-27 12:31:44

According to Coinglass data, Ethereum's 8-hour average funding rate has fallen to -0.0004%, with major exchanges such as Binance, OKX, Bybit, and Gate all in negative territory. Gate shows the lowest rate at -0.0037%. Negative funding rates typically indicate bearish sentiment in the perpetual swap market, where shorts pay longs, potentially signaling short-term price pressure.

ETHfunding rateCoinglassperpetual swapmarket sentimentnegative rateEthereum

ETH Funding Rate Turns Negative Across the Board

Data from Coinglass reveals that Ethereum's 8-hour average funding rate has dropped to -0.0004%, reflecting a bearish dominance in the perpetual futures market. Major exchanges display negative rates: Binance at -0.0006%, OKX at -0.0018%, Bybit at -0.0014%, and Gate at -0.0037%. A negative funding rate means longs pay shorts, often interpreted as a bearish sentiment indicator, which could exert downward pressure on ETH's price in the near term.

Traders should monitor the funding rate trend closely. If the negative rate deepens, it may lead to a short squeeze, causing a sudden reversal. The current data is sourced from Coinglass and is subject to real-time changes based on market activity.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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