ETH 8-Hour Average Funding Rate Hits 0.0028%, Bybit Shows Negative Rate

According to Coinglass, Ethereum's 8-hour average funding rate is currently 0.0028% as of June 5. Among major exchanges, Binance's rate stands at 0.0047%, OKX at 0.003%, Gate at 0.0052%, while Bybit remains at -0.0013%.

Ethereum perpetual futures funding rates vary by exchange due to differences in long/short positioning and leverage demand. Negative rates on Bybit indicate an oversupply of long positions relative to shorts.