Crypto
Ethereum funding rates diverge across exchanges, signalling cooling leverage demand
Ethereum funding rates have fallen to an effectively neutral level, suggesting weaker directional positioning in the derivatives market. As of June 4, the eight-hour average funding rate stood at 0.0028 percent, or about 0.0084 percent per day and roughly 3 percent annualised. Rates varied by exchange, with Bybit negative while Binance, OKX and Gate were positive, indicating no one-sided market alignment. Ethereum open interest fell 5.06 percent over 24 hours.
