ChainCatcher reported, citing Coinglass data, that BTC’s current 8-hour average funding rate across the network is -0.0013%. The figure reflects the average funding-rate level for Bitcoin perpetual contracts under the reported network-wide 8-hour measurement.
Among the major exchanges listed in the data, Binance shows a BTC funding rate of -0.0067%, while OKX shows -0.0025%. Bybit is listed at 0.0017%, and Gate is listed at 0.0016%. Based on these figures, Binance and OKX are currently in negative funding territory, while Bybit and Gate are in positive territory.
Funding rates are a standard mechanism in perpetual futures markets, where positive and negative readings correspond to funding payments between positions on different sides of the market. In this Coinglass snapshot, the overall 8-hour average for BTC is negative, while the quoted rates differ across the named trading platforms.