ChainCatcher reported, citing Coinglass data, that BTC’s current 8-hour average funding rate across the network is -0.0005%. Funding rates are periodic payments used in perpetual futures markets between long and short positions, and the readings can differ across exchanges depending on contract-market positioning and supply-demand conditions.
Funding Rates Vary Across Major Exchanges
Among the major exchanges listed in the data, Binance’s BTC 8-hour funding rate is 0.0028%, OKX’s rate is -0.0005%, Bybit’s rate is -0.0059%, and Gate’s rate is 0.001%. Binance and Gate currently show positive funding rates, OKX matches the network average, while Bybit shows a negative funding rate.
The figures come from Coinglass and describe the 8-hour funding-rate levels for BTC perpetual contracts across different trading platforms. A funding rate is not the same as a price movement, but it is a commonly referenced data point for observing the fee structure between long and short positions in the derivatives market.