Data: ETH 8-Hour Average Funding Rate Is 0.0035% Across the Network

ETH’s network-wide 8-hour average funding rate is 0.0035%, indicating a mild long-side bias in perpetual futures markets. The reading is modest — positive but not extreme — so it signals mildly bullish positioning rather than strong conviction. Traders should monitor funding direction, open interest and the spot‑perpetual basis: rising funding with rising open interest would confirm fresh long flows, while positive funding paired with declining open interest or spot weakness raises crowded‑long liquidation risk. The article advises treating the single snapshot as a data point and watching consecutive funding windows and cross‑asset moves (e.g., BNB volatility) for market impact.