Ethereum funding rate at 0.0062%... lower than Bitcoin's

Ethereum's weighted funding rate fell below Bitcoin's on the 2nd, with open interest-weighted funding at 0.0062% for ETH versus 0.0075% for BTC, and volume-weighted funding at 0.0064% for ETH versus 0.0071% for BTC, according to CoinGlass data reported by BlockBeats. All four readings sit in the neutral zone under BlockBeats' framework, which classifies 8-hour funding above 0.01% as buy-side dominance and below 0.005% as sell-side dominance. CoinGlass converts exchange-specific funding rates to an 8-hour basis. The neutral stance echoes conditions on October 24, when all four metrics also registered neutral, suggesting persistent balance between long and short positioning across both major assets. ETH funding trailing BTC's indicates marginally less bullish leverage in Ether perps relative to Bitcoin. Traders will watch whether funding drifts toward the 0.01% buy-dominance threshold or the 0.005% sell-dominance threshold for a directional signal on leveraged sentiment.