ETH Funding Rate Update
According to Coinglass data, the current 8-hour average funding rate for ETH across all exchanges is 0.0006%, remaining at a very low level. This indicates that long and short positions are nearly balanced, though longs are still paying a minimal fee to shorts.
Among major exchanges, the rates show notable divergence: Binance records 0.0019%, OKX 0.003%, Bybit 0.0002%, while Gate.io presents a negative rate of -0.0011%. The negative rate means shorts are paying longs on Gate.io, reflecting a relatively stronger short sentiment on that platform.
The funding rate is a key indicator for perpetual contracts. Positive rates suggest bullish dominance, while negative rates indicate bearish pressure. The current generally low rates across the board suggest the market is not experiencing extreme directional moves, but the inter-exchange differences warrant attention from traders.