According to the latest data from on-chain analytics platform Coinglass, Ethereum's (ETH) network-wide 8-hour average funding rate has reached 0.0064%. This figure indicates that long positions currently hold a moderate edge in the market, with financing costs rising slightly.
Funding Trends Across Major Exchanges
Most leading platforms are showing an upward trend in funding rates. Binance and OKX both report a rate of 0.01%, reflecting strong bullish sentiment. Bybit sits slightly lower at 0.0088%, yet remains in positive territory.
- Binance: 0.01%
- OKX: 0.01%
- Bybit: 0.0088%
Rising funding rates often suggest traders are favoring long positions, especially during periods of price stabilization or recovery. Sustained increases could signal stronger upward momentum, but may also build pressure for a near-term correction.