ETH Funding Rates Signal Bullish Shift Across Major Exchanges

Ethereum funding rates flip from negative to bullish on key platforms, signaling rising leverage and potential volatility as traders eye higher prices.

Rich by Coin

2026-02-08

Ethereum’s funding rates have flipped from deeply negative to bullish across major derivatives venues, signaling a shift in trader sentiment. BitMEX funding rates rose to 0.049%, the highest level since October, indicating intensified long leverage. Binance funding has moved from -0.025% toward neutral, suggesting shorts are being replaced by new long exposure.

Analysts note that extreme bullish funding can raise the risk of liquidations and sharp price reversals, even as prices move higher in the short term. The market has moved from fear to optimism, but participants should remain cautious about potential volatility if leverage accelerates.

At the time of writing, Ethereum trades at $2,089 after a 14.9% decline in the past seven days. Daily volume stands at $37.39 billion, down 32.39% from the previous level.