ETH 8H Funding Rate Turns Negative, Gate Records -0.0037%

News Editor

2026-06-27 11:01:21

According to Coinglass, Ethereum's 8-hour average funding rate is -0.0004%, with Gate registering the lowest at -0.0037%. OKX, Bybit, and Binance also show negative rates, indicating short-term bearish dominance in the market.

ETHfunding rateCoinglassperpetual swapsbearish sentimentGatemarket data

ETH Funding Rate Dipped Negative: Bearish Sentiment Dominates

According to Coinglass data, Ethereum's 8-hour average funding rate across all exchanges has dropped to -0.0004%, indicating that long positions are now paying shorts. The breakdown by major exchanges shows varying degrees of negativity:

Gate: -0.0037% (lowest)
OKX: -0.0018%
Bybit: -0.0014%
Binance: -0.0006%

A negative funding rate implies that in perpetual swap markets, bearish sentiment is stronger, with longs subsidizing shorts. Gate's notably lower rate could signal a higher concentration of ETH shorts on that platform or differences in liquidity dynamics. Overall, short-term bias is bearish, but the absolute values remain modest—suggesting no extreme panic yet.

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

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