According to Coinglass data, Ethereum's (ETH) average funding rate across all exchanges over an 8-hour period is -0.0021%, a slight negative figure. The funding rate is a key indicator in perpetual swap markets, reflecting the cost of holding positions. A negative rate means shorts pay longs, typically signaling bearish sentiment.
Among major exchanges, rates vary: Binance at -0.0039%, OKX at -0.0047%, Bybit at -0.0051%, and Gate at -0.0036%. Bybit shows the most negative rate, suggesting relatively stronger short-side pressure on that platform.
The 8-hour average funding rate is settled every eight hours. The current negative pattern indicates mild bearish sentiment in the short term, without extreme positioning. Traders may use this data to adjust their strategies.