Binance ETH Funding Remains Negative as Long Positions Dominate
Binance's ETH funding rate stayed near -0.011% on October 31, with long positions making up 73.4% of futures accounts.
Binance's ETH funding rate stayed near -0.011% on October 31, with long positions making up 73.4% of futures accounts. Ethereum (ETH) is trading at $2,269.28. This is an original TLT brief based on reporting by Live Bitcoin News, with live market data added, as of Sun, 01 Nov 2026 07:00:05 UTC.
The persistent negative funding rate and high long dominance in Binance's ETH futures indicate a potential imbalance in market sentiment and could influence Ethereum's price volatility.
- Binance ETH funding rate remained near -0.011% on October 31.
- 73.4% of Binance futures accounts held long positions.
- Ethereum price rose 1.10% in the past 24 hours to $2268.27.
On October 31, Binance's ETH funding rate remained near -0.011%, according to Live 
Bitcoin News. This negative funding rate suggests that short positions are being incentivized, reflecting a bearish sentiment in the perpetual futures market.
Despite the negative funding rate, most futures accounts on Binance continued to hold long positions. QuantM Intel reported that approximately 73.4% of Binance futures accounts were long in the reported snapshot, indicating a potential imbalance in market positioning.
This development comes as Binance recently announced that it had replaced most of the assets stolen in a recent security breach, although the exact connection between these events is unclear.
In the broader market context, 
Ethereum's price rose by 1.10% in the past 24 hours to $2268.27, while the overall crypto market cap stood at $2.68 trillion, showing a relatively flat trend. Bitcoin also saw a 0.78% increase in the same period.
The combination of negative funding and high long dominance could suggest a buildup of potential volatility in Ethereum's price. Traders should monitor whether this imbalance corrects itself or leads to significant price movements.
Since this brief published about 2 hours ago, Ethereum (ETH) has moved from $2,268.27 to $2,269.28 — +0.04%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦3.12M (about $2,269.28), up 1.2% over 24 hours. The naira itself trades about 2.2% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 1, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Binance ETH Funding Remains Negative as Long Positions Domin — questions & answers
What does a negative ETH funding rate indicate?
A negative ETH funding rate suggests that short positions are being incentivized, reflecting bearish sentiment in the market.
How many Binance futures accounts held long positions?
Approximately 73.4% of Binance futures accounts held long positions.
What is the current Ethereum price?
Ethereum's price is $2268.27, having risen 1.10% in the past 24 hours.
How much is 1 Ethereum worth in naira today?
About ₦3.12M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,269.28. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Live Bitcoin News. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.