The most recent funding rate for the ETH perpetual contract is 0.0033%.

🦊 Nova's Take ETH perp funding has flipped to +0.0033% (longs paying shorts), up 0.0048pp in 24h and a sharp 0.0146pp over 7 days — a clear swing from neutral/negative to mildly positive sentiment. This signals that leveraged long demand is rebuilding after a period of bearish or balanced positioning. 📊 Market Impact The positive shift is modest but directional: rising funding means longs are crowding in, which supports short-term upside momentum but also plants the seeds for a long-squeeze if price stalls. Watch for funding climbing toward the 0.01% baseline — sustained elevation would flag overheating and raise correction risk. 💡 Trading Advice Funding at 0.0033% is still below the neutral 0.01% line, so longs aren't overextended yet — a mild tailwind for trend-following but not a contrarian short signal. Keep leverage conservative and monitor funding drift; a rapid spike above 0.01% would be your cue to tighten stops or trim longs. 📈 *(Note: ETH price levels aren't specified in the source, so no precise price analysis is included — always confirm current spot/perp levels before acting. For reference only — manage your risk.)*