ETH 8-Hour Average Funding Rate Turns Negative to -0.0015% with Divergence Across Major Exchanges

News Editor

2026-06-28 03:01:27

According to Coinglass data, the average 8-hour funding rate for ETH across all exchanges is now -0.0015%, indicating bearish sentiment. Binance shows the deepest negative rate at -0.0053% while OKX holds a positive 0.0016%, revealing diverging positioning among exchanges.

Ethereumfunding ratefutures marketbearish sentimentexchange ratesCoinglass

Funding Rate Data Overview

Data from Coinglass shows that the average 8-hour funding rate for Ethereum (ETH) across the entire network currently stands at -0.0015%, firmly in negative territory. This means short position holders are paying longs, reflecting a short-term bearish bias in the market.

The specific rates at major exchanges are as follows: Binance -0.0053% (the most expensive for shorts), OKX 0.0016% (bullish lean), Bybit -0.0038%, and Gate 0.0002%. The divergence in funding rates across exchanges highlights differences in user positioning: Binance and Bybit are experiencing stronger short pressure, while OKX and Gate remain relatively neutral to slightly long.

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

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